Anthony W. Parker Sells 6,601 Shares of Gladstone Land Co. (NASDAQ:LAND) Stock

Gladstone Land Co. (NASDAQ:LAND) Director Anthony W. Parker sold 6,601 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $11.02, for a total transaction of $72,743.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Gladstone Land Price Performance

Shares of Gladstone Land stock opened at $10.82 on Friday. The company has a fifty day moving average of $11.04 and a 200-day moving average of $12.13. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.70 and a current ratio of 0.99. Gladstone Land Co. has a 52-week low of $10.27 and a 52-week high of $15.36. The stock has a market capitalization of $391.52 million, a price-to-earnings ratio of -37.31, a price-to-earnings-growth ratio of 3.74 and a beta of 1.11.

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

Gladstone Land Increases Dividend

The business 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 of this dividend was Friday, January 24th. This is an increase from Gladstone Land’s previous dividend of $0.04. This represents a dividend yield of 5.33%. Gladstone Land’s dividend payout ratio (DPR) is presently -193.10%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Gladstone Land

Several institutional investors and hedge funds have recently made changes to their positions in LAND. Comprehensive Money Management Services LLC bought a new stake in shares of Gladstone Land during the 4th quarter valued at about $329,000. Pullen Investment Management LLC lifted its holdings in shares of Gladstone Land by 26.4% in the fourth quarter. Pullen Investment Management LLC now owns 67,423 shares of the real estate investment trust’s stock worth $732,000 after buying an additional 14,090 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Gladstone Land by 60.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 80,065 shares of the real estate investment trust’s stock valued at $869,000 after purchasing an additional 30,215 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Gladstone Land during the 4th quarter valued at approximately $157,000. Finally, Quantinno Capital Management LP bought a new stake in Gladstone Land in the fourth quarter worth $150,000. Institutional investors own 53.60% of the company’s stock.

Gladstone Land Company 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.