Hager Investment Management Services LLC Purchases New Shares in Gladstone Land Co. (NASDAQ:LAND)

Hager Investment Management Services LLC acquired a new position in Gladstone Land Co. (NASDAQ:LAND) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,517 shares of the real estate investment trust’s stock, valued at approximately $27,000.

Several other large investors also recently made changes to their positions in the business. Accordant Advisory Group Inc lifted its position in Gladstone Land by 66.3% during the 4th quarter. Accordant Advisory Group Inc now owns 179,355 shares of the real estate investment trust’s stock worth $1,946,000 after buying an additional 71,507 shares in the last quarter. Southern Style Financial Inc. bought a new position in shares of Gladstone Land in the fourth quarter worth about $1,893,000. SG Americas Securities LLC lifted its position in shares of Gladstone Land by 22.3% during the fourth quarter. SG Americas Securities LLC now owns 15,016 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 2,736 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Gladstone Land by 62.2% during the third quarter. JPMorgan Chase & Co. now owns 139,298 shares of the real estate investment trust’s stock valued at $1,936,000 after purchasing an additional 53,400 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Gladstone Land by 90.2% in the third quarter. Barclays PLC now owns 85,297 shares of the real estate investment trust’s stock valued at $1,186,000 after purchasing an additional 40,459 shares in the last quarter. Institutional investors own 53.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners lowered Gladstone Land from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $16.00 to $14.50 in a research report on Friday, November 8th.

Gladstone Land Stock Performance

Gladstone Land stock opened at $10.91 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.77. Gladstone Land Co. has a 1 year low of $10.27 and a 1 year high of $15.36. The company has a market cap of $394.78 million, a PE ratio of -41.96, a PEG ratio of 3.48 and a beta of 1.05. The company’s 50-day moving average is $10.98 and its two-hundred day moving average is $12.67.

Gladstone Land (NASDAQ:LAND) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.29). Gladstone Land had a return on equity of 2.05% and a net margin of 16.45%. The business had revenue of $22.57 million for the quarter, compared to the consensus estimate of $21.47 million. During the same period last year, the firm earned $0.16 earnings per share. Equities analysts anticipate that Gladstone Land Co. will post 0.52 earnings per share for the current year.

Gladstone Land Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were paid a $0.0467 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a dividend yield of 5.33%. This is an increase from Gladstone Land’s previous dividend of $0.04. Gladstone Land’s dividend payout ratio is -215.38%.

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.