Nisa Investment Advisors LLC Trims Stock Position in Gladstone Land Co. (NASDAQ:LAND)

Nisa Investment Advisors LLC lowered its position in shares of Gladstone Land Co. (NASDAQ:LAND) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,470 shares of the real estate investment trust’s stock after selling 1,285 shares during the period. Nisa Investment Advisors LLC’s holdings in Gladstone Land were worth $180,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in Gladstone Land during the fourth quarter valued at approximately $727,000. Hunter Perkins Capital Management LLC grew its stake in Gladstone Land by 4.5% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 39,725 shares of the real estate investment trust’s stock worth $574,000 after buying an additional 1,700 shares in the last quarter. Mutual Advisors LLC purchased a new position in Gladstone Land in the 4th quarter worth approximately $211,000. SG Americas Securities LLC grew its stake in Gladstone Land by 26.6% in the 4th quarter. SG Americas Securities LLC now owns 18,873 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 3,962 shares in the last quarter. Finally, OneAscent Financial Services LLC purchased a new position in Gladstone Land in the 4th quarter worth approximately $170,000. Hedge funds and other institutional investors own 53.60% of the company’s stock.

Gladstone Land Price Performance

LAND stock opened at $12.69 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.80 and a quick ratio of 1.80. Gladstone Land Co. has a one year low of $12.31 and a one year high of $17.48. The stock has a market cap of $454.78 million, a PE ratio of -47.00, a P/E/G ratio of 3.18 and a beta of 1.00. The firm has a 50 day simple moving average of $13.07 and a two-hundred day simple moving average of $13.78.

Gladstone Land Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be paid a $0.0466 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.56 dividend on an annualized basis and a yield of 4.41%. Gladstone Land’s dividend payout ratio is presently -203.70%.

Gladstone Land 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.