GSA Capital Partners LLP Raises Holdings in Gladstone Land Corporation $LAND

GSA Capital Partners LLP increased its position in Gladstone Land Corporation (NASDAQ:LAND) by 177.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 239,733 shares of the real estate investment trust’s stock after buying an additional 153,375 shares during the quarter. GSA Capital Partners LLP owned about 0.64% of Gladstone Land worth $2,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Gladstone Land by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 3,420,619 shares of the real estate investment trust’s stock worth $31,333,000 after buying an additional 25,808 shares during the period. Amundi raised its position in Gladstone Land by 2.6% in the third quarter. Amundi now owns 1,182,821 shares of the real estate investment trust’s stock valued at $10,841,000 after purchasing an additional 29,962 shares during the period. ProShare Advisors LLC raised its position in Gladstone Land by 16.5% in the third quarter. ProShare Advisors LLC now owns 698,201 shares of the real estate investment trust’s stock valued at $6,396,000 after purchasing an additional 98,781 shares during the period. Goldman Sachs Group Inc. raised its position in Gladstone Land by 5.9% in the first quarter. Goldman Sachs Group Inc. now owns 407,183 shares of the real estate investment trust’s stock valued at $4,284,000 after purchasing an additional 22,557 shares during the period. Finally, PFG Investments LLC raised its position in Gladstone Land by 611.8% in the fourth quarter. PFG Investments LLC now owns 295,533 shares of the real estate investment trust’s stock valued at $2,704,000 after purchasing an additional 254,015 shares during the period. 53.60% of the stock is owned by hedge funds and other institutional investors.

Gladstone Land Stock Up 2.8%

Shares of Gladstone Land stock opened at $9.66 on Tuesday. The business has a 50-day moving average of $10.38 and a 200-day moving average of $10.05. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market capitalization of $416.73 million, a PE ratio of -15.84 and a beta of 1.07. Gladstone Land Corporation has a 1-year low of $8.47 and a 1-year high of $13.00.

Gladstone Land (NASDAQ:LAND) last announced its earnings results on Monday, May 11th. The real estate investment trust reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.02). The business had revenue of $16.55 million for the quarter, compared to analyst estimates of $14.20 million. Gladstone Land had a negative net margin of 6.68% and a negative return on equity of 0.87%. As a group, equities analysts forecast that Gladstone Land Corporation will post 0.43 EPS for the current fiscal year.

Gladstone Land Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of $0.0467 per share. The ex-dividend date is Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 5.8%. Gladstone Land’s dividend payout ratio (DPR) is currently -91.80%.

Analysts Set New Price Targets

Several research firms have commented on LAND. Weiss Ratings lowered Gladstone Land from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Lucid Cap Mkts raised Gladstone Land from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Zacks Research lowered Gladstone Land from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, Wall Street Zen lowered Gladstone Land from a “sell” rating to a “strong sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.