Tower Research Capital LLC TRC Acquires 7,105 Shares of Gladstone Land Co. (NASDAQ:LAND)

Tower Research Capital LLC TRC lifted its position in shares of Gladstone Land Co. (NASDAQ:LAND – Get Rating) by 331.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,248 shares of the real estate investment trust’s stock after purchasing an additional 7,105 shares during the period. Tower Research Capital LLC TRC’s holdings in Gladstone Land were worth $167,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. U.S. Capital Wealth Advisors LLC lifted its position in shares of Gladstone Land by 0.9% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 137,827 shares of the real estate investment trust’s stock valued at $2,495,000 after purchasing an additional 1,206 shares in the last quarter. Garrison Point Advisors LLC increased its holdings in Gladstone Land by 2.2% during the second quarter. Garrison Point Advisors LLC now owns 22,946 shares of the real estate investment trust’s stock worth $508,000 after buying an additional 491 shares during the last quarter. Verger Capital Management LLC increased its holdings in Gladstone Land by 68.0% during the third quarter. Verger Capital Management LLC now owns 49,430 shares of the real estate investment trust’s stock worth $895,000 after buying an additional 20,000 shares during the last quarter. Jump Financial LLC increased its holdings in Gladstone Land by 3.2% during the third quarter. Jump Financial LLC now owns 35,700 shares of the real estate investment trust’s stock worth $647,000 after buying an additional 1,095 shares during the last quarter. Finally, Next Level Private LLC purchased a new stake in Gladstone Land during the third quarter worth about $259,000. 45.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LAND has been the subject of a number of research analyst reports. EF Hutton Acquisition Co. I decreased their price objective on shares of Gladstone Land from $25.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, February 23rd. Oppenheimer upgraded shares of Gladstone Land from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from $25.00 to $22.00 in a research note on Wednesday, February 22nd. StockNews.com downgraded shares of Gladstone Land from a “hold” rating to a “sell” rating in a research note on Friday, March 3rd. Finally, B. Riley reduced their target price on shares of Gladstone Land from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, February 23rd.

Gladstone Land Trading Up 2.1 %

Shares of Gladstone Land stock opened at $17.69 on Thursday. Gladstone Land Co. has a 1 year low of $17.00 and a 1 year high of $42.10. The firm has a market cap of $631.71 million, a PE ratio of -41.14, a PEG ratio of 3.86 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.76 and a quick ratio of 3.76. The company has a 50 day simple moving average of $18.80 and a two-hundred day simple moving average of $19.76.

Gladstone Land Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be issued a $0.0459 dividend. The ex-dividend date is Thursday, March 16th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.11%. Gladstone Land’s payout ratio is -127.90%.

Gladstone Land Profile

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Gladstone Land Corp. is an agricultural real estate investment trust, which engages in the business of owning and leasing farmland. It also includes farm-related facilities, such as cooling facilities, packinghouses, processing facilities, and various storage facilities. The company was founded by David Gladstone on June 14, 1997 and is headquartered in McLean, VA.