Entropy Technologies LP Takes Position in Gladstone Land Co. (NASDAQ:LAND)

Entropy Technologies LP bought a new stake in shares of Gladstone Land Co. (NASDAQ:LAND) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,901 shares of the real estate investment trust’s stock, valued at approximately $118,000.

Several other hedge funds have also recently made changes to their positions in LAND. The Manufacturers Life Insurance Company raised its position in shares of Gladstone Land by 9.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,864 shares of the real estate investment trust’s stock valued at $190,000 after buying an additional 1,172 shares in the last quarter. Creative Planning raised its position in shares of Gladstone Land by 52.6% during the 2nd quarter. Creative Planning now owns 20,321 shares of the real estate investment trust’s stock valued at $278,000 after buying an additional 7,003 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Gladstone Land by 41.0% during the 3rd quarter. SG Americas Securities LLC now owns 12,280 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 3,572 shares in the last quarter. Ballentine Partners LLC purchased a new stake in Gladstone Land in the 3rd quarter worth about $257,000. Finally, Bristlecone Advisors LLC raised its position in Gladstone Land by 40.5% in the 3rd quarter. Bristlecone Advisors LLC now owns 33,747 shares of the real estate investment trust’s stock worth $469,000 after purchasing an additional 9,735 shares during the period. 53.60% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Land Stock Performance

Gladstone Land stock opened at $11.62 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.70 and a quick ratio of 0.70. Gladstone Land Co. has a 1-year low of $10.27 and a 1-year high of $15.36. The firm has a market capitalization of $420.53 million, a P/E ratio of -44.69, a price-to-earnings-growth ratio of 3.48 and a beta of 1.05. The company’s 50-day moving average is $10.85 and its 200 day moving average is $12.51.

Gladstone Land Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were given a $0.0467 dividend. This is a positive change from Gladstone Land’s previous dividend of $0.04. This represents a yield of 5.33%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Land’s dividend payout ratio is -215.38%.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners lowered shares of Gladstone Land from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $16.00 to $14.50 in a research report on Friday, November 8th.

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.