Gladstone Land Co. (NASDAQ:LAND) Shares Sold by Cypress Capital LLC

Cypress Capital LLC decreased its holdings in shares of Gladstone Land Co. (NASDAQ:LANDGet Rating) by 7.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,155 shares of the real estate investment trust’s stock after selling 677 shares during the quarter. Cypress Capital LLC’s holdings in Gladstone Land were worth $297,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. Northern Trust Corp increased its stake in Gladstone Land by 32.7% in the fourth quarter. Northern Trust Corp now owns 402,687 shares of the real estate investment trust’s stock valued at $13,595,000 after purchasing an additional 99,208 shares during the last quarter. Credit Suisse AG acquired a new stake in shares of Gladstone Land during the fourth quarter worth $8,107,000. Colony Group LLC acquired a new stake in Gladstone Land in the fourth quarter valued at $4,763,000. Bank of America Corp DE lifted its holdings in Gladstone Land by 32.3% in the fourth quarter. Bank of America Corp DE now owns 106,939 shares of the real estate investment trust’s stock valued at $3,610,000 after acquiring an additional 26,083 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Gladstone Land by 27.6% during the 1st quarter. Victory Capital Management Inc. now owns 106,098 shares of the real estate investment trust’s stock worth $3,864,000 after buying an additional 22,954 shares during the last quarter. Hedge funds and other institutional investors own 52.62% of the company’s stock.

Gladstone Land Stock Up 0.4 %

Shares of NASDAQ:LAND opened at $25.89 on Friday. The stock has a 50-day simple moving average of $24.14 and a 200-day simple moving average of $29.87. The stock has a market capitalization of $885.70 million, a P/E ratio of -89.28, a PEG ratio of 5.87 and a beta of 0.80. The company has a debt-to-equity ratio of 1.04, a quick ratio of 3.89 and a current ratio of 3.89. Gladstone Land Co. has a 1 year low of $21.23 and a 1 year high of $42.10.

Gladstone Land Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 22nd will be paid a $0.0456 dividend. This represents a $0.55 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, September 21st. Gladstone Land’s dividend payout ratio is currently -189.66%.

About Gladstone Land

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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 127 farms, comprised of approximately 94,000 acres in 13 different states, valued at approximately $1.0 billion.

See Also

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

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