ProShare Advisors LLC Grows Stock Position in Gladstone Land Corporation $LAND

ProShare Advisors LLC increased its stake in shares of Gladstone Land Corporation (NASDAQ:LAND) by 16.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 698,201 shares of the real estate investment trust’s stock after purchasing an additional 98,781 shares during the quarter. ProShare Advisors LLC owned 1.93% of Gladstone Land worth $6,396,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Gladstone Land by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 943,298 shares of the real estate investment trust’s stock worth $9,595,000 after acquiring an additional 12,251 shares during the period. Goldman Sachs Group Inc. raised its holdings in Gladstone Land by 5.9% during the first quarter. Goldman Sachs Group Inc. now owns 407,183 shares of the real estate investment trust’s stock worth $4,284,000 after purchasing an additional 22,557 shares in the last quarter. Accordant Advisory Group Inc lifted its position in Gladstone Land by 4.4% in the second quarter. Accordant Advisory Group Inc now owns 259,580 shares of the real estate investment trust’s stock valued at $2,640,000 after purchasing an additional 10,897 shares during the period. Voya Investment Management LLC boosted its holdings in Gladstone Land by 6.7% in the 3rd quarter. Voya Investment Management LLC now owns 179,928 shares of the real estate investment trust’s stock valued at $1,648,000 after purchasing an additional 11,281 shares in the last quarter. Finally, Moors & Cabot Inc. increased its position in Gladstone Land by 10.6% during the 2nd quarter. Moors & Cabot Inc. now owns 109,120 shares of the real estate investment trust’s stock worth $1,110,000 after purchasing an additional 10,420 shares during the period. 53.60% of the stock is owned by institutional investors and hedge funds.

Gladstone Land Trading Down 2.9%

NASDAQ:LAND opened at $10.83 on Friday. Gladstone Land Corporation has a 52-week low of $8.47 and a 52-week high of $11.93. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.73. The stock has a fifty day simple moving average of $9.65 and a 200-day simple moving average of $9.33. The company has a market capitalization of $403.63 million, a PE ratio of -49.23, a price-to-earnings-growth ratio of 5.47 and a beta of 1.22.

Gladstone Land Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be paid a dividend of $0.0467 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Monday, March 23rd. Gladstone Land’s dividend payout ratio (DPR) is -254.55%.

Wall Street Analysts Forecast Growth

LAND has been the subject of several recent analyst reports. Zacks Research cut Gladstone Land from a “strong-buy” rating to a “hold” rating in a report on Tuesday. iA Financial set a $10.00 target price on Gladstone Land in a report on Tuesday, November 11th. Alliance Global Partners restated a “neutral” rating on shares of Gladstone Land in a research report on Tuesday, November 11th. Wall Street Zen downgraded shares of Gladstone Land from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Gladstone Land in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.00.

About Gladstone Land

Gladstone Land Corporation (NASDAQ: LAND) is a publicly traded real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland in the United States. Established in 2013 and headquartered in Wayne, Pennsylvania, the company focuses on purchasing high-quality agricultural properties and leasing them to farmers under long‐term, triple‐net lease agreements. This model provides tenants with operational flexibility while generating stable, recurring rental income for investors.

The company’s portfolio spans several key agricultural regions across the country, including California, the Midwest, and parts of the Southeast.