Nomura Asset Management Co. Ltd. Has $456,000 Stock Holdings in Gladstone Land Co. (NASDAQ:LAND)

Nomura Asset Management Co. Ltd. increased its stake in shares of Gladstone Land Co. (NASDAQ:LAND) by 5.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 42,000 shares of the real estate investment trust’s stock after buying an additional 2,000 shares during the period. Nomura Asset Management Co. Ltd. owned 0.12% of Gladstone Land worth $456,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of LAND. Southern Style Financial Inc. bought a new position in Gladstone Land during the 4th quarter worth $1,893,000. Accordant Advisory Group Inc increased its position in Gladstone Land by 66.3% during the fourth quarter. Accordant Advisory Group Inc now owns 179,355 shares of the real estate investment trust’s stock worth $1,946,000 after acquiring an additional 71,507 shares during the period. JPMorgan Chase & Co. raised its stake in Gladstone Land by 62.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 139,298 shares of the real estate investment trust’s stock worth $1,936,000 after purchasing an additional 53,400 shares in the last quarter. LPL Financial LLC boosted its holdings in Gladstone Land by 119.5% in the 4th quarter. LPL Financial LLC now owns 76,469 shares of the real estate investment trust’s stock valued at $830,000 after purchasing an additional 41,638 shares during the period. Finally, Barclays PLC grew its position in shares of Gladstone Land by 90.2% during the 3rd quarter. Barclays PLC now owns 85,297 shares of the real estate investment trust’s stock worth $1,186,000 after purchasing an additional 40,459 shares in the last quarter. Institutional investors and hedge funds own 53.60% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Gladstone Land from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th.

Gladstone Land Trading Up 1.8 %

LAND opened at $10.51 on Friday. The stock has a market capitalization of $380.30 million, a price-to-earnings ratio of -36.24, a P/E/G ratio of 3.74 and a beta of 1.11. The company has a quick ratio of 0.70, a current ratio of 0.99 and a debt-to-equity ratio of 0.77. Gladstone Land Co. has a twelve month low of $10.13 and a twelve month high of $15.36. The company has a 50-day simple moving average of $11.02 and a 200 day simple moving average of $11.83.

Gladstone Land (NASDAQ:LAND) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.19. Gladstone Land had a net margin of 15.59% and a return on equity of 1.89%. The business had revenue of $21.10 million for the quarter, compared to analyst estimates of $20.45 million. Analysts predict that Gladstone Land Co. will post 0.52 EPS for the current fiscal year.

Gladstone Land Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were issued a dividend of $0.0467 per share. The ex-dividend date was Friday, January 24th. This represents a dividend yield of 5.33%. This is a boost from Gladstone Land’s previous dividend of $0.04. Gladstone Land’s payout ratio is -193.10%.

Insider Buying and Selling

In other Gladstone Land news, Director Anthony W. Parker sold 6,601 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $11.02, for a total transaction of $72,743.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.20% of the stock is owned by corporate insiders.

Gladstone Land Profile

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 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion.