Centaurus Financial Inc. increased its holdings in Gladstone Land Co. (NASDAQ:LAND – Get Rating) by 19.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,200 shares of the real estate investment trust's stock after acquiring an additional 1,000 shares during the period. Centaurus Financial Inc.'s holdings in Gladstone Land were worth $137,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. AdvisorNet Financial Inc raised its stake in shares of Gladstone Land by 6.9% during the 1st quarter. AdvisorNet Financial Inc now owns 15,240 shares of the real estate investment trust's stock worth $555,000 after purchasing an additional 990 shares in the last quarter. AE Wealth Management LLC raised its stake in shares of Gladstone Land by 11.6% during the 1st quarter. AE Wealth Management LLC now owns 10,803 shares of the real estate investment trust's stock worth $393,000 after purchasing an additional 1,126 shares in the last quarter. Millburn Ridgefield Corp raised its stake in shares of Gladstone Land by 161.3% during the 1st quarter. Millburn Ridgefield Corp now owns 10,513 shares of the real estate investment trust's stock worth $383,000 after purchasing an additional 6,489 shares in the last quarter. Bristlecone Advisors LLC raised its stake in shares of Gladstone Land by 1.6% during the 1st quarter. Bristlecone Advisors LLC now owns 25,097 shares of the real estate investment trust's stock worth $914,000 after purchasing an additional 404 shares in the last quarter. Finally, Integrated Advisors Network LLC raised its stake in shares of Gladstone Land by 0.5% during the 1st quarter. Integrated Advisors Network LLC now owns 99,363 shares of the real estate investment trust's stock worth $3,619,000 after purchasing an additional 450 shares in the last quarter. 46.21% of the stock is owned by hedge funds and other institutional investors.
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Gladstone Land Trading Up 0.2 %
Shares of NASDAQ LAND opened at $18.97 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 3.32 and a quick ratio of 3.32. The business's 50-day simple moving average is $21.16 and its 200-day simple moving average is $25.57. Gladstone Land Co. has a 52 week low of $17.28 and a 52 week high of $42.10.
Gladstone Land Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 30th. Stockholders of record on Tuesday, December 20th will be issued a dividend of $0.0458 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Monday, December 19th. Gladstone Land's dividend payout ratio is -196.42%.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on Gladstone Land in a research note on Wednesday, October 12th. They set a "sell" rating for the company.
Gladstone Land Profile
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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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