Gladstone Land Co. (NASDAQ:LAND) Director Anthony W. Parker Sells 6,601 Shares

Gladstone Land Co. (NASDAQ:LAND) Director Anthony W. Parker sold 6,601 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $11.02, for a total transaction of $72,743.02. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Gladstone Land Trading Up 2.4 %

NASDAQ LAND opened at $10.82 on Friday. The company’s fifty day moving average price is $11.04 and its two-hundred day moving average price is $12.14. The company has a market capitalization of $391.52 million, a price-to-earnings ratio of -37.31, a price-to-earnings-growth ratio of 3.74 and a beta of 1.11. Gladstone Land Co. has a 12 month low of $10.27 and a 12 month high of $15.36. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.99 and a quick ratio of 0.70.

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

Gladstone Land Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were paid a dividend of $0.0467 per share. The ex-dividend date was Friday, January 24th. This is a boost from Gladstone Land’s previous dividend of $0.04. This represents a yield of 5.33%. Gladstone Land’s dividend payout ratio (DPR) is -193.10%.

Institutional Trading of Gladstone Land

Institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC boosted its holdings in shares of Gladstone Land by 224.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 1,334 shares during the period. Hager Investment Management Services LLC acquired a new stake in shares of Gladstone Land during the 4th quarter worth approximately $27,000. KLP Kapitalforvaltning AS bought a new position in Gladstone Land during the 4th quarter worth $62,000. AlphaQuest LLC increased its position in Gladstone Land by 63.2% in the fourth quarter. AlphaQuest LLC now owns 5,841 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 2,261 shares during the period. Finally, Entropy Technologies LP acquired a new position in shares of Gladstone Land during the fourth quarter valued at $118,000. 53.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Gladstone Land Company 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.