Mutual Advisors LLC Reduces Holdings in Gladstone Land Corporation $LAND

Mutual Advisors LLC reduced its holdings in shares of Gladstone Land Corporation (NASDAQ:LAND) by 17.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,700 shares of the real estate investment trust’s stock after selling 3,150 shares during the period. Mutual Advisors LLC’s holdings in Gladstone Land were worth $143,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LAND. Parallel Advisors LLC lifted its position in Gladstone Land by 1,146.9% during the 2nd quarter. Parallel Advisors LLC now owns 3,454 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 3,177 shares during the period. CWM LLC lifted its position in Gladstone Land by 116.0% during the 2nd quarter. CWM LLC now owns 4,504 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 2,419 shares during the period. Signaturefd LLC lifted its position in Gladstone Land by 73.5% during the 1st quarter. Signaturefd LLC now owns 4,924 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 2,086 shares during the period. Strs Ohio purchased a new position in Gladstone Land during the 1st quarter valued at about $63,000. Finally, GAMMA Investing LLC lifted its position in Gladstone Land by 1,565.5% during the 1st quarter. GAMMA Investing LLC now owns 8,311 shares of the real estate investment trust’s stock valued at $87,000 after acquiring an additional 7,812 shares during the period. 53.60% of the stock is owned by hedge funds and other institutional investors.

Gladstone Land Stock Up 1.3%

LAND opened at $9.04 on Thursday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The firm has a 50 day moving average price of $9.08 and a 200-day moving average price of $9.56. Gladstone Land Corporation has a twelve month low of $8.47 and a twelve month high of $13.85. The stock has a market capitalization of $327.16 million, a price-to-earnings ratio of -20.55, a PEG ratio of 6.61 and a beta of 1.15.

Gladstone Land Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.0467 per share. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Monday, December 22nd. Gladstone Land’s payout ratio is presently -127.27%.

Analyst Ratings Changes

LAND has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Gladstone Land in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Gladstone Land from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.50.

Gladstone Land Company Profile

Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion.