Schwarz Dygos Wheeler Investment Advisors LLC Has $1.70 Million Stock Holdings in Gladstone Land Co. (NASDAQ:LAND)

Schwarz Dygos Wheeler Investment Advisors LLC reduced its holdings in shares of Gladstone Land Co. (NASDAQ:LAND) by 4.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 156,406 shares of the real estate investment trust’s stock after selling 7,603 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Gladstone Land were worth $1,697,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. AlphaQuest LLC lifted its position in Gladstone Land by 63.2% in the 4th quarter. AlphaQuest LLC now owns 5,841 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 2,261 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Gladstone Land in the fourth quarter worth approximately $202,000. Proficio Capital Partners LLC bought a new position in shares of Gladstone Land in the fourth quarter valued at approximately $228,000. Bank of New York Mellon Corp boosted its position in shares of Gladstone Land by 15.2% during the fourth quarter. Bank of New York Mellon Corp now owns 201,093 shares of the real estate investment trust’s stock valued at $2,182,000 after buying an additional 26,565 shares during the last quarter. Finally, Millburn Ridgefield Corp boosted its position in shares of Gladstone Land by 9.5% during the fourth quarter. Millburn Ridgefield Corp now owns 13,685 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 1,192 shares during the last quarter. 53.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Gladstone Land Trading Down 1.1 %

NASDAQ:LAND opened at $11.56 on Monday. Gladstone Land Co. has a 52 week low of $10.27 and a 52 week high of $15.36. The firm has a 50-day moving average price of $11.02 and a two-hundred day moving average price of $12.21. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.70 and a current ratio of 0.99. The firm has a market cap of $418.30 million, a price-to-earnings ratio of -39.86, a price-to-earnings-growth ratio of 3.74 and a beta of 1.11.

Gladstone Land (NASDAQ:LAND) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.19. The company had revenue of $21.10 million during the quarter, compared to analyst estimates of $20.45 million. Gladstone Land had a return on equity of 1.89% and a net margin of 15.59%. On average, equities analysts expect that Gladstone Land Co. will post 0.52 earnings per share for the current fiscal year.

Gladstone Land Increases Dividend

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

About Gladstone Land

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.