Gladstone Land Corporation (LAND) Shares Bought by Shufro Rose & Co. LLC
Shufro Rose & Co. LLC increased its stake in Gladstone Land Corporation (NASDAQ:LAND) by 38.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,000 shares of the real estate investment trust’s stock after buying an additional 13,300 shares during the period. Shufro Rose & Co. LLC’s holdings in Gladstone Land Corporation were worth $560,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC raised its position in shares of Gladstone Land Corporation by 18.3% in the first quarter. Renaissance Technologies LLC now owns 445,700 shares of the real estate investment trust’s stock valued at $4,947,000 after buying an additional 68,800 shares during the period. Foster & Motley Inc. raised its position in shares of Gladstone Land Corporation by 6.9% in the second quarter. Foster & Motley Inc. now owns 223,510 shares of the real estate investment trust’s stock valued at $2,608,000 after buying an additional 14,507 shares during the period. Bank of New York Mellon Corp raised its position in shares of Gladstone Land Corporation by 13.8% in the first quarter. Bank of New York Mellon Corp now owns 47,587 shares of the real estate investment trust’s stock valued at $528,000 after buying an additional 5,786 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Gladstone Land Corporation by 9.6% in the second quarter. Janney Montgomery Scott LLC now owns 31,841 shares of the real estate investment trust’s stock valued at $372,000 after buying an additional 2,790 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Gladstone Land Corporation during the first quarter valued at approximately $234,000. 23.97% of the stock is owned by hedge funds and other institutional investors.
Shares of Gladstone Land Corporation (LAND) opened at 13.60 on Wednesday. Gladstone Land Corporation has a 1-year low of $9.51 and a 1-year high of $14.09. The stock has a market capitalization of $161.16 million, a P/E ratio of 377.78 and a beta of 1.03. The firm’s 50-day moving average is $12.02 and its 200 day moving average is $11.61.
Gladstone Land Corporation (NASDAQ:LAND) last issued its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.04. The business had revenue of $6 million for the quarter. Gladstone Land Corporation had a net margin of 2.58% and a return on equity of 0.57%. On average, analysts expect that Gladstone Land Corporation will post $0.09 EPS for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 20th will be given a dividend of $0.044 per share. This represents a $0.53 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Tuesday, September 19th. Gladstone Land Corporation’s payout ratio is presently 1,060.21%.
LAND has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Gladstone Land Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gladstone Land Corporation in a research report on Wednesday, June 28th. Finally, Singular Research initiated coverage on shares of Gladstone Land Corporation in a research report on Thursday, May 18th. They set a “buy” rating and a $14.25 price target for the company.
In other Gladstone Land Corporation news, CEO David Gladstone acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were purchased at an average price of $11.38 per share, with a total value of $227,600.00. Following the completion of the transaction, the chief executive officer now owns 1,988,585 shares in the company, valued at $22,630,097.30. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 21.87% of the stock is currently owned by company insiders.
Gladstone Land Corporation Company Profile
Gladstone Land Corporation is an agricultural real estate investment trust (REIT). The Company is engaged in the business of owning and leasing farmland. The Company also owns various farm-related facilities, such as cooling facilities, buildings utilized for the storage and assembly of boxes for shipping produce (box barns), packinghouses, processing facilities and various storage facilities.
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