Schwarz Dygos Wheeler Investment Advisors LLC Reduces Stake in Gladstone Land Co. (NASDAQ:LAND)

Schwarz Dygos Wheeler Investment Advisors LLC lessened its holdings in Gladstone Land Co. (NASDAQ:LAND) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 165,293 shares of the real estate investment trust’s stock after selling 2,227 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC owned approximately 0.46% of Gladstone Land worth $2,263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Janney Montgomery Scott LLC lifted its stake in Gladstone Land by 0.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 246,125 shares of the real estate investment trust’s stock worth $3,283,000 after acquiring an additional 2,042 shares in the last quarter. GSA Capital Partners LLP lifted its stake in Gladstone Land by 216.8% during the 1st quarter. GSA Capital Partners LLP now owns 70,383 shares of the real estate investment trust’s stock worth $939,000 after acquiring an additional 48,167 shares in the last quarter. Rhumbline Advisers lifted its stake in Gladstone Land by 5.1% during the 2nd quarter. Rhumbline Advisers now owns 62,105 shares of the real estate investment trust’s stock worth $850,000 after acquiring an additional 3,006 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Gladstone Land during the 4th quarter worth about $727,000. Finally, Tidal Investments LLC acquired a new position in Gladstone Land during the 1st quarter worth about $652,000. Institutional investors and hedge funds own 53.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LAND shares. Alliance Global Partners started coverage on Gladstone Land in a research note on Tuesday, June 11th. They set a “buy” rating and a $16.00 target price on the stock. Maxim Group lowered Gladstone Land from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. Finally, Oppenheimer decreased their target price on Gladstone Land from $20.00 to $16.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.00.

Gladstone Land Stock Up 0.8 %

LAND stock traded up $0.11 during mid-day trading on Wednesday, reaching $13.61. The company had a trading volume of 16,422 shares, compared to its average volume of 182,848. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.43 and a current ratio of 4.43. The company has a market capitalization of $487.76 million, a price-to-earnings ratio of 225.00, a price-to-earnings-growth ratio of 4.48 and a beta of 1.08. The firm has a fifty day simple moving average of $14.04 and a 200 day simple moving average of $13.45. Gladstone Land Co. has a fifty-two week low of $12.31 and a fifty-two week high of $15.80.

Gladstone Land Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be given a $0.0467 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Friday, September 20th. Gladstone Land’s dividend payout ratio is currently 933.33%.

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.