Farther Finance Advisors LLC Buys 98,165 Shares of Gladstone Land Corporation $LAND

Farther Finance Advisors LLC boosted its stake in shares of Gladstone Land Corporation (NASDAQ:LAND) by 58,781.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 98,332 shares of the real estate investment trust’s stock after acquiring an additional 98,165 shares during the period. Farther Finance Advisors LLC’s holdings in Gladstone Land were worth $901,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. ProShare Advisors LLC bought a new position in shares of Gladstone Land during the 2nd quarter valued at about $6,096,000. Nuveen LLC purchased a new stake in shares of Gladstone Land in the first quarter worth about $850,000. Jane Street Group LLC boosted its stake in Gladstone Land by 141.1% during the first quarter. Jane Street Group LLC now owns 108,843 shares of the real estate investment trust’s stock valued at $1,145,000 after buying an additional 63,702 shares during the last quarter. Invenomic Capital Management LP purchased a new position in Gladstone Land during the 1st quarter valued at approximately $638,000. Finally, Ballentine Partners LLC bought a new stake in Gladstone Land in the 2nd quarter worth approximately $405,000. Hedge funds and other institutional investors own 53.60% of the company’s stock.

Gladstone Land Trading Up 0.9%

LAND stock opened at $8.89 on Tuesday. Gladstone Land Corporation has a twelve month low of $8.47 and a twelve month high of $11.93. The stock has a market capitalization of $331.30 million, a price-to-earnings ratio of -40.41, a price-to-earnings-growth ratio of 4.66 and a beta of 1.19. 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 firm’s fifty day simple moving average is $9.15 and its two-hundred day simple moving average is $9.39.

Gladstone Land (NASDAQ:LAND) last released its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.07. The firm had revenue of $17.79 million during the quarter, compared to analyst estimates of $15.08 million. Gladstone Land had a net margin of 14.50% and a return on equity of 1.46%. As a group, analysts anticipate that Gladstone Land Corporation will post 0.52 earnings per share for the current year.

Gladstone Land Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a dividend of $0.0467 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Monday, December 22nd. Gladstone Land’s payout ratio is -254.55%.

Analyst Ratings Changes

A number of research analysts have recently commented on LAND shares. Zacks Research downgraded Gladstone Land from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Alliance Global Partners reiterated a “neutral” rating on shares of Gladstone Land in a research report on Tuesday, November 11th. Wall Street Zen cut shares of Gladstone Land from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Industrial Alliance Securities set a $10.00 target price on shares of Gladstone Land in a research report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Gladstone Land in a report on Monday, December 22nd. One equities 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Gladstone Land Company Profile

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.