Schwarz Dygos Wheeler Investment Advisors LLC Boosts Stake in Gladstone Land Corp (NASDAQ:LAND)

Schwarz Dygos Wheeler Investment Advisors LLC raised its holdings in shares of Gladstone Land Corp (NASDAQ:LAND) by 2.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 43,650 shares of the real estate investment trust’s stock after purchasing an additional 950 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC owned 0.21% of Gladstone Land worth $566,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LAND. State of Alaska Department of Revenue lifted its holdings in shares of Gladstone Land by 244.4% during the 4th quarter. State of Alaska Department of Revenue now owns 5,204 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 3,693 shares during the last quarter. Metropolitan Life Insurance Co NY increased its position in Gladstone Land by 817.2% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 7,695 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 6,856 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Gladstone Land in the 3rd quarter valued at about $191,000. California State Teachers Retirement System grew its holdings in Gladstone Land by 14.1% in the 3rd quarter. California State Teachers Retirement System now owns 28,653 shares of the real estate investment trust’s stock valued at $341,000 after buying an additional 3,537 shares during the period. Finally, State Street Corp grew its holdings in Gladstone Land by 28.2% in the 3rd quarter. State Street Corp now owns 291,509 shares of the real estate investment trust’s stock valued at $3,467,000 after buying an additional 64,185 shares during the period. Institutional investors and hedge funds own 32.43% of the company’s stock.

Shares of Gladstone Land stock traded down $0.01 on Thursday, reaching $13.41. The stock had a trading volume of 2,115 shares, compared to its average volume of 93,293. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.78. Gladstone Land Corp has a 1 year low of $11.26 and a 1 year high of $13.41. The company has a 50 day moving average price of $12.90 and a 200 day moving average price of $12.05. The stock has a market capitalization of $275.00 million, a P/E ratio of 26.27 and a beta of 0.83.

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be paid a $0.045 dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $0.54 annualized dividend and a yield of 4.03%. Gladstone Land’s dividend payout ratio is currently 105.88%.

Several analysts have recently issued reports on the company. Maxim Group reiterated a “buy” rating and set a $15.00 price target on shares of Gladstone Land in a research note on Friday, November 8th. Zacks Investment Research raised Gladstone Land from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Saturday, November 16th. Wedbush started coverage on Gladstone Land in a research note on Friday, December 20th. They issued a “neutral” rating and a $13.38 target price for the company. BidaskClub upgraded Gladstone Land from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th. Finally, B. Riley began coverage on Gladstone Land in a report on Tuesday, November 26th. They set a “buy” rating and a $13.50 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Gladstone Land presently has an average rating of “Buy” and a consensus target price of $13.88.

Gladstone Land Profile

Gladstone Land is a publicly-traded real estate investment trust that invests in farmland and farm-related properties located in major agricultural markets in the U.S., which it leases to unrelated third-party farmer-tenants. The Company reports the current fair value of its farmland on a quarterly basis; as of December 31, 2018, its estimated net asset value was $12.88 per share.

Further Reading: Asset Allocation, Balancing Your Investments

Institutional Ownership by Quarter for Gladstone Land (NASDAQ:LAND)

Receive News & Ratings for Gladstone Land Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Land and related companies with MarketBeat.com's FREE daily email newsletter.