AlphaQuest LLC Raises Stock Holdings in Gladstone Land Corporation $LAND

AlphaQuest LLC raised its position in shares of Gladstone Land Corporation (NASDAQ:LAND) by 648.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,931 shares of the real estate investment trust’s stock after buying an additional 52,793 shares during the quarter. AlphaQuest LLC’s holdings in Gladstone Land were worth $558,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its stake in shares of Gladstone Land by 9.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,763 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 1,183 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in Gladstone Land by 2.7% in the second quarter. Asset Management One Co. Ltd. now owns 47,826 shares of the real estate investment trust’s stock worth $486,000 after purchasing an additional 1,258 shares during the period. Allianz Asset Management GmbH grew its holdings in Gladstone Land by 1.5% in the second quarter. Allianz Asset Management GmbH now owns 101,376 shares of the real estate investment trust’s stock worth $1,031,000 after purchasing an additional 1,502 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Gladstone Land by 11.0% during the third quarter. State of Alaska Department of Revenue now owns 18,280 shares of the real estate investment trust’s stock valued at $166,000 after purchasing an additional 1,818 shares in the last quarter. Finally, Kovack Advisors Inc. lifted its holdings in shares of Gladstone Land by 11.0% during the second quarter. Kovack Advisors Inc. now owns 18,404 shares of the real estate investment trust’s stock valued at $187,000 after purchasing an additional 1,821 shares during the last quarter. Institutional investors own 53.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Industrial Alliance Securities set a $10.00 price target on Gladstone Land in a research note on Tuesday, November 11th. Wall Street Zen cut Gladstone Land from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Gladstone Land in a report on Monday, December 29th. Zacks Research raised Gladstone Land from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Alliance Global Partners reissued a “neutral” rating on shares of Gladstone Land in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $10.00.

Gladstone Land Stock Up 0.6%

LAND opened at $11.07 on Thursday. The stock has a market capitalization of $412.58 million, a price-to-earnings ratio of -50.32, a PEG ratio of 5.39 and a beta of 1.22. The firm has a 50 day moving average price of $9.44 and a 200-day moving average price of $9.30. Gladstone Land Corporation has a twelve month low of $8.47 and a twelve month 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.

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

Gladstone Land Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be issued a $0.0467 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 5.1%. Gladstone Land’s payout ratio is presently -254.55%.

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.