WESPAC Advisors LLC Boosts Holdings in Gladstone Land Co. (NASDAQ:LAND)

WESPAC Advisors LLC grew its holdings in shares of Gladstone Land Co. (NASDAQ:LAND) by 31.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,297 shares of the real estate investment trust’s stock after acquiring an additional 13,842 shares during the quarter. WESPAC Advisors LLC owned 0.16% of Gladstone Land worth $622,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Larson Financial Group LLC increased its stake in shares of Gladstone Land by 224.2% in the third quarter. Larson Financial Group LLC now owns 1,929 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 1,334 shares during the period. Hager Investment Management Services LLC purchased a new position in shares of Gladstone Land in the fourth quarter worth $27,000. Harbor Capital Advisors Inc. purchased a new position in shares of Gladstone Land in the third quarter worth $50,000. Entropy Technologies LP purchased a new position in shares of Gladstone Land in the fourth quarter worth $118,000. Finally, Catalyst Capital Advisors LLC increased its stake in shares of Gladstone Land by 9.5% in the fourth quarter. Catalyst Capital Advisors LLC now owns 13,685 shares of the real estate investment trust’s stock worth $148,000 after buying an additional 1,192 shares during the period. 53.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Gladstone Land Stock Down 4.9 %

Shares of NASDAQ LAND opened at $11.10 on Friday. The company has a market cap of $401.65 million, a price-to-earnings ratio of -38.27, a PEG ratio of 3.74 and a beta of 1.05. The firm’s fifty day moving average is $10.87 and its 200 day moving average is $12.39. Gladstone Land Co. has a 52 week low of $10.27 and a 52 week high of $15.36. 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 (NASDAQ:LAND) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.19. The business had revenue of $21.10 million for the quarter, compared to analysts’ expectations of $20.45 million. Gladstone Land had a net margin of 15.59% and a return on equity of 1.89%. On average, equities research analysts expect that Gladstone Land Co. will post 0.52 earnings per share for the current year.

Gladstone Land Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were issued a $0.0467 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a 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%.

About Gladstone Land

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.