Sumitomo Mitsui Trust Holdings Inc. Has $580,000 Stake in Gladstone Land Co. (NASDAQ:LAND)

Sumitomo Mitsui Trust Holdings Inc. grew its stake in Gladstone Land Co. (NASDAQ:LAND) by 12.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,139 shares of the real estate investment trust’s stock after buying an additional 4,523 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.11% of Gladstone Land worth $580,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Schwarz Dygos Wheeler Investment Advisors LLC lifted its holdings in Gladstone Land by 2.6% in the 3rd quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 172,665 shares of the real estate investment trust’s stock worth $2,457,000 after purchasing an additional 4,416 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Gladstone Land by 0.6% in the third quarter. Vanguard Group Inc. now owns 3,475,939 shares of the real estate investment trust’s stock worth $49,463,000 after buying an additional 21,581 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Gladstone Land by 26.6% during the 4th quarter. SG Americas Securities LLC now owns 18,873 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 3,962 shares during the period. OneAscent Financial Services LLC acquired a new position in Gladstone Land in the 4th quarter valued at $170,000. Finally, Graham Capital Management L.P. raised its holdings in Gladstone Land by 18.5% in the 3rd quarter. Graham Capital Management L.P. now owns 17,674 shares of the real estate investment trust’s stock worth $252,000 after acquiring an additional 2,757 shares during the period. Institutional investors own 53.60% of the company’s stock.

Gladstone Land Stock Down 0.5 %

LAND stock opened at $12.64 on Friday. The stock has a market capitalization of $453.02 million, a price-to-earnings ratio of -46.81, a price-to-earnings-growth ratio of 3.27 and a beta of 1.00. The company has a 50-day moving average of $13.01 and a two-hundred day moving average of $13.75. Gladstone Land Co. has a 52-week low of $12.31 and a 52-week high of $17.48. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.80 and a quick ratio of 1.80.

Gladstone Land Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be paid a dividend of $0.0466 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.56 annualized dividend and a yield of 4.42%. Gladstone Land’s payout ratio is -207.41%.

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.