Ameriprise Financial Inc. Has $228,000 Stock Position in Gladstone Land Co. (NASDAQ:LAND)

Ameriprise Financial Inc. lowered its position in shares of Gladstone Land Co. (NASDAQ:LAND) by 13.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,968 shares of the real estate investment trust’s stock after selling 3,346 shares during the quarter. Ameriprise Financial Inc.’s holdings in Gladstone Land were worth $228,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LAND. SG Americas Securities LLC boosted its position in Gladstone Land by 22.3% during the 4th quarter. SG Americas Securities LLC now owns 15,016 shares of the real estate investment trust’s stock worth $163,000 after acquiring an additional 2,736 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Gladstone Land by 20.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 40,297 shares of the real estate investment trust’s stock worth $437,000 after acquiring an additional 6,719 shares during the last quarter. Entropy Technologies LP acquired a new position in Gladstone Land during the 4th quarter worth approximately $118,000. Rhumbline Advisers boosted its position in Gladstone Land by 1.9% during the 4th quarter. Rhumbline Advisers now owns 59,290 shares of the real estate investment trust’s stock worth $643,000 after acquiring an additional 1,130 shares during the last quarter. Finally, Catalyst Capital Advisors LLC boosted its position in Gladstone Land by 9.5% during the 4th quarter. Catalyst Capital Advisors LLC now owns 13,685 shares of the real estate investment trust’s stock worth $148,000 after acquiring an additional 1,192 shares during the last quarter. Institutional investors and hedge funds own 53.60% of the company’s stock.

Insider Activity at Gladstone Land

In related news, Director Anthony W. Parker sold 6,601 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $11.02, for a total value of $72,743.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.20% of the stock is owned by company insiders.

Gladstone Land Trading Up 1.5%

Shares of Gladstone Land stock opened at $9.79 on Friday. Gladstone Land Co. has a 12-month low of $8.66 and a 12-month high of $15.36. The stock has a market cap of $354.25 million, a P/E ratio of -33.76, a P/E/G ratio of 3.74 and a beta of 1.12. The company has a quick ratio of 0.70, a current ratio of 0.99 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $9.66 and its 200-day moving average is $10.59.

Gladstone Land (NASDAQ:LAND) last announced its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. Gladstone Land had a return on equity of 1.89% and a net margin of 15.59%. The company had revenue of $16.80 million for the quarter, compared to analysts’ expectations of $17.30 million. Equities research analysts predict that Gladstone Land Co. will post 0.52 earnings per share for the current fiscal year.

Gladstone Land Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 22nd were paid a $0.0467 dividend. This represents a yield of 5.92%. The ex-dividend date of this dividend was Wednesday, May 21st. Gladstone Land’s dividend payout ratio (DPR) is presently -224.00%.

Wall Street Analyst Weigh In

LAND has been the topic of a number of analyst reports. Alliance Global Partners reiterated a “neutral” rating on shares of Gladstone Land in a research note on Tuesday, May 13th. Oppenheimer reiterated an “outperform” rating on shares of Gladstone Land in a research note on Friday, May 23rd. Finally, Wall Street Zen upgraded Gladstone Land from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th.

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.