Arbor Capital Management Inc. ADV Increases Stake in Gladstone Land Co. (NASDAQ:LAND)

Arbor Capital Management Inc. ADV boosted its position in shares of Gladstone Land Co. (NASDAQ:LAND) by 14.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,936 shares of the real estate investment trust’s stock after acquiring an additional 3,980 shares during the period. Arbor Capital Management Inc. ADV owned about 0.09% of Gladstone Land worth $345,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its holdings in Gladstone Land by 1.9% during the 4th quarter. Rhumbline Advisers now owns 59,290 shares of the real estate investment trust’s stock worth $643,000 after acquiring an additional 1,130 shares in the last quarter. Catalyst Capital Advisors LLC grew its holdings in Gladstone Land by 9.5% during the 4th quarter. Catalyst Capital Advisors LLC now owns 13,685 shares of the real estate investment trust’s stock worth $148,000 after acquiring an additional 1,192 shares in the last quarter. Millburn Ridgefield Corp grew its holdings in Gladstone Land by 9.5% during the 4th quarter. Millburn Ridgefield Corp now owns 13,685 shares of the real estate investment trust’s stock worth $148,000 after acquiring an additional 1,192 shares in the last quarter. Larson Financial Group LLC grew its holdings in Gladstone Land by 224.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 1,334 shares in the last quarter. Finally, Centiva Capital LP grew its holdings in Gladstone Land by 13.2% during the 3rd quarter. Centiva Capital LP now owns 14,487 shares of the real estate investment trust’s stock worth $201,000 after acquiring an additional 1,691 shares in the last quarter. Institutional investors and hedge funds own 53.60% of the company’s stock.

Wall Street Analyst Weigh In

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

Gladstone Land Stock Up 2.4 %

LAND stock opened at $10.82 on Monday. The company has a fifty day moving average price of $11.04 and a 200 day moving average price of $12.12. Gladstone Land Co. has a 12 month low of $10.27 and a 12 month high of $15.36. The company has a market cap 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. 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 released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.19. The firm had revenue of $21.10 million during the quarter, compared to the consensus estimate of $20.45 million. Gladstone Land had a net margin of 15.59% and a return on equity of 1.89%. Sell-side analysts expect that Gladstone Land Co. will post 0.52 earnings per share for the current year.

Gladstone Land Increases Dividend

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

Insiders Place Their Bets

In other Gladstone Land news, Director Anthony W. Parker sold 6,601 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $11.02, for a total transaction of $72,743.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.13% of the stock is owned by insiders.

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.