Gladstone Land Co. (NASDAQ:LAND) Shares Sold by Amundi

Amundi lessened its holdings in Gladstone Land Co. (NASDAQ:LAND) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,302,842 shares of the real estate investment trust’s stock after selling 9,053 shares during the quarter. Amundi owned about 3.60% of Gladstone Land worth $14,072,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Larson Financial Group LLC increased its stake in shares of Gladstone Land by 224.2% in the third quarter. Larson Financial Group LLC now owns 1,929 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 1,334 shares during the period. Hager Investment Management Services LLC purchased a new stake in Gladstone Land in the fourth quarter valued at $27,000. Entropy Technologies LP acquired a new stake in Gladstone Land during the 4th quarter worth about $118,000. Catalyst Capital Advisors LLC raised its stake in shares of Gladstone Land by 9.5% during the 4th quarter. Catalyst Capital Advisors LLC now owns 13,685 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 1,192 shares during the last quarter. Finally, Millburn Ridgefield Corp lifted its holdings in shares of Gladstone Land by 9.5% in the 4th quarter. Millburn Ridgefield Corp now owns 13,685 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 1,192 shares during the period. 53.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Gladstone Land news, Director Anthony W. Parker sold 6,601 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $11.02, for a total transaction of $72,743.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.13% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Gladstone Land from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th.

Gladstone Land Stock Up 2.4 %

LAND stock opened at $10.82 on Friday. The firm’s fifty day moving average is $11.04 and its 200 day moving average is $12.14. The firm has a market cap of $391.52 million, a PE ratio of -37.31, a P/E/G ratio of 3.74 and a beta of 1.11. Gladstone Land Co. has a one year low of $10.27 and a one year high of $15.36. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.70 and a current ratio of 0.99.

Gladstone Land (NASDAQ:LAND) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.19. The firm had revenue of $21.10 million during the quarter, compared to analyst estimates of $20.45 million. Gladstone Land had a return on equity of 1.89% and a net margin of 15.59%. On average, research analysts forecast that Gladstone Land Co. will post 0.52 EPS for the current year.

Gladstone Land Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were paid a dividend of $0.0467 per share. This represents a dividend yield of 5.33%. This is an increase from Gladstone Land’s previous dividend of $0.04. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Land’s dividend payout ratio is presently -193.10%.

About Gladstone Land

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.