J.W. Cole Advisors Inc. Takes Position in Gladstone Land Co. (NASDAQ:LAND)

J.W. Cole Advisors Inc. acquired a new stake in Gladstone Land Co. (NASDAQ:LANDGet Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,222 shares of the real estate investment trust’s stock, valued at approximately $372,000.

Several other large investors also recently made changes to their positions in LAND. Envestnet Asset Management Inc. acquired a new stake in shares of Gladstone Land in the 4th quarter valued at approximately $455,000. Bank of America Corp DE lifted its holdings in Gladstone Land by 32.3% during the 4th quarter. Bank of America Corp DE now owns 106,939 shares of the real estate investment trust’s stock valued at $3,610,000 after purchasing an additional 26,083 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Gladstone Land by 481.7% during the 4th quarter. BNP Paribas Arbitrage SA now owns 35,303 shares of the real estate investment trust’s stock valued at $1,192,000 after purchasing an additional 29,234 shares during the last quarter. Rhumbline Advisers lifted its holdings in Gladstone Land by 11.1% during the 4th quarter. Rhumbline Advisers now owns 37,303 shares of the real estate investment trust’s stock valued at $1,259,000 after purchasing an additional 3,735 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new stake in Gladstone Land during the 4th quarter valued at $1,174,000. Institutional investors and hedge funds own 46.21% of the company’s stock.

Gladstone Land Trading Down 1.1 %

Shares of Gladstone Land stock opened at $20.76 on Tuesday. The business has a fifty day simple moving average of $24.30 and a two-hundred day simple moving average of $28.49. Gladstone Land Co. has a 1 year low of $20.43 and a 1 year high of $42.10. The company has a market capitalization of $710.20 million, a price-to-earnings ratio of -74.14, a P/E/G ratio of 4.93 and a beta of 0.84. The company has a debt-to-equity ratio of 1.02, a current ratio of 3.32 and a quick ratio of 3.32.

Gladstone Land Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 22nd will be issued a dividend of $0.0456 per share. This represents a $0.55 annualized dividend and a yield of 2.64%. The ex-dividend date is Wednesday, September 21st. Gladstone Land’s dividend payout ratio is -196.42%.

Gladstone Land Company Profile

(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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