SG Americas Securities LLC Has $125,000 Stake in Gladstone Land Co. (NASDAQ:LAND)

SG Americas Securities LLC reduced its position in shares of Gladstone Land Co. (NASDAQ:LAND – Get Rating) by 25.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,820 shares of the real estate investment trust’s stock after selling 2,301 shares during the period. SG Americas Securities LLC’s holdings in Gladstone Land were worth $125,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. raised its position in Gladstone Land by 1.1% during the first quarter. Federated Hermes Inc. now owns 53,238 shares of the real estate investment trust’s stock valued at $1,939,000 after purchasing an additional 566 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Gladstone Land by 80.5% in the first quarter. Great West Life Assurance Co. Can now owns 1,565 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 698 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Gladstone Land by 5.4% during the third quarter. State of Alaska Department of Revenue now owns 16,025 shares of the real estate investment trust’s stock valued at $289,000 after acquiring an additional 814 shares during the last quarter. ETF Managers Group LLC boosted its position in Gladstone Land by 4.5% during the third quarter. ETF Managers Group LLC now owns 18,905 shares of the real estate investment trust’s stock valued at $342,000 after acquiring an additional 820 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Gladstone Land by 7.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 11,704 shares of the real estate investment trust’s stock worth $213,000 after purchasing an additional 852 shares in the last quarter. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Land Trading Down 1.3 %

Shares of NASDAQ LAND opened at $15.37 on Tuesday. Gladstone Land Co. has a 52-week low of $14.95 and a 52-week high of $27.97. The company has a market cap of $548.92 million, a PE ratio of -32.70, a P/E/G ratio of 3.49 and a beta of 1.02. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.76 and a current ratio of 3.76. The firm’s 50 day moving average price is $16.18 and its 200-day moving average price is $18.22.

Gladstone Land Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 30th. Shareholders of record on Wednesday, June 21st will be given a $0.046 dividend. The ex-dividend date is Tuesday, June 20th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.59%. Gladstone Land’s payout ratio is currently -117.02%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Gladstone Land in a research report on Thursday, March 16th. They set a “sell” rating on the stock. B. Riley decreased their price target 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. Oppenheimer upgraded shares of Gladstone Land from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $25.00 to $22.00 in a research note on Wednesday, February 22nd. Finally, EF Hutton Acquisition Co. I cut 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.

About Gladstone Land

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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.