Compass Financial Management LLC Acquires Shares of 644,711 Gladstone Land Corporation $LAND

Compass Financial Management LLC acquired a new position in shares of Gladstone Land Corporation (NASDAQ:LAND) during the 2nd quarter, Holdings Channel reports. The firm acquired 644,711 shares of the real estate investment trust’s stock, valued at approximately $5,499,000.

A number of other institutional investors also recently made changes to their positions in the business. Commerce Bank acquired a new stake in shares of Gladstone Land during the second quarter worth approximately $118,000. Quantbot Technologies LP acquired a new stake in Gladstone Land in the second quarter valued at $189,000. Orchard Capital Management LLC acquired a new stake in Gladstone Land in the second quarter valued at $168,000. Ieq Capital LLC bought a new position in Gladstone Land during the 2nd quarter valued at $332,000. Finally, Fund Advisors of America Inc FL acquired a new position in Gladstone Land during the 2nd quarter worth $261,000. 53.60% of the stock is owned by institutional investors and hedge funds.

Gladstone Land Stock Down 0.5%

LAND stock opened at $8.65 on Friday. The firm has a market cap of $373.16 million, a price-to-earnings ratio of -15.73 and a beta of 1.07. Gladstone Land Corporation has a 1-year low of $7.92 and a 1-year high of $13.00. The firm has a fifty day moving average price of $8.52 and a two-hundred day moving average price of $9.76. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.29 and a quick ratio of 1.29.

Gladstone Land (NASDAQ:LAND) last posted its quarterly earnings results on Tuesday, August 11th. The real estate investment trust reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.06). Gladstone Land had a negative return on equity of 0.96% and a negative net margin of 7.31%.The business had revenue of $12.69 million during the quarter, compared to the consensus estimate of $12.28 million. Research analysts predict that Gladstone Land Corporation will post 0.48 EPS for the current year.

Gladstone Land Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a $0.0467 dividend. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Monday, September 21st. Gladstone Land’s payout ratio is presently -101.82%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LAND shares. Lucid Cap Mkts raised Gladstone Land from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Wall Street Zen downgraded Gladstone Land from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Gladstone Land in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.00.

Gladstone Land Company Profile

Gladstone Land Corporation (NASDAQ: LAND) is a publicly traded real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland in the United States. Established in 2013 and headquartered in Wayne, Pennsylvania, the company focuses on purchasing high-quality agricultural properties and leasing them to farmers under long‐term, triple‐net lease agreements. This model provides tenants with operational flexibility while generating stable, recurring rental income for investors.

The company’s portfolio spans several key agricultural regions across the country, including California, the Midwest, and parts of the Southeast.