AdvisorNet Financial Inc Boosts Holdings in Gladstone Land Co. (NASDAQ:LAND)

AdvisorNet Financial Inc raised its stake in shares of Gladstone Land Co. (NASDAQ:LANDGet Rating) by 27.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 19,440 shares of the real estate investment trust’s stock after acquiring an additional 4,200 shares during the quarter. AdvisorNet Financial Inc’s holdings in Gladstone Land were worth $431,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Amalgamated Bank purchased a new position in Gladstone Land during the first quarter valued at $166,000. J.W. Cole Advisors Inc. purchased a new position in Gladstone Land during the first quarter valued at $372,000. M Holdings Securities Inc. purchased a new position in Gladstone Land during the first quarter valued at $544,000. Toroso Investments LLC purchased a new position in Gladstone Land during the first quarter valued at $393,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in Gladstone Land by 22.1% during the first quarter. BNP Paribas Arbitrage SA now owns 43,107 shares of the real estate investment trust’s stock valued at $1,570,000 after purchasing an additional 7,804 shares in the last quarter. 46.21% of the stock is owned by hedge funds and other institutional investors.

Gladstone Land Stock Performance

LAND opened at $21.00 on Monday. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 1.02. The company has a market cap of $718.41 million, a price-to-earnings ratio of -75.00, a PEG ratio of 4.93 and a beta of 0.84. Gladstone Land Co. has a 52-week low of $20.71 and a 52-week high of $42.10. The firm’s fifty day simple moving average is $24.36 and its two-hundred day simple moving average is $28.57.

Gladstone Land Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 22nd will be given a $0.0456 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Wednesday, September 21st. Gladstone Land’s dividend payout ratio (DPR) is -196.42%.

About Gladstone Land

(Get Rating)

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 127 farms, comprised of approximately 94,000 acres in 13 different states, valued at approximately $1.0 billion.

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Institutional Ownership by Quarter for Gladstone Land (NASDAQ:LAND)

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