EntryPoint Capital LLC Purchases Shares of 24,687 Gladstone Land Co. (NASDAQ:LAND)

EntryPoint Capital LLC purchased a new position in Gladstone Land Co. (NASDAQ:LAND) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 24,687 shares of the real estate investment trust’s stock, valued at approximately $268,000. EntryPoint Capital LLC owned about 0.07% of Gladstone Land at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Southern Style Financial Inc. acquired a new position in shares of Gladstone Land in the 4th quarter valued at $1,893,000. Accordant Advisory Group Inc increased its holdings in shares of Gladstone Land by 66.3% in the fourth quarter. Accordant Advisory Group Inc now owns 179,355 shares of the real estate investment trust’s stock valued at $1,946,000 after purchasing an additional 71,507 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Gladstone Land by 62.2% in the third quarter. JPMorgan Chase & Co. now owns 139,298 shares of the real estate investment trust’s stock valued at $1,936,000 after purchasing an additional 53,400 shares during the period. LPL Financial LLC raised its stake in shares of Gladstone Land by 119.5% in the fourth quarter. LPL Financial LLC now owns 76,469 shares of the real estate investment trust’s stock worth $830,000 after purchasing an additional 41,638 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Gladstone Land by 90.2% during the third quarter. Barclays PLC now owns 85,297 shares of the real estate investment trust’s stock worth $1,186,000 after purchasing an additional 40,459 shares during the period. 53.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Gladstone Land from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th.

Insider Buying and Selling

In other news, Director Anthony W. Parker sold 6,601 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $11.02, for a total transaction of $72,743.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.20% of the stock is currently owned by insiders.

Gladstone Land Stock Performance

NASDAQ LAND opened at $10.64 on Friday. The firm has a market capitalization of $385.01 million, a P/E ratio of -36.69, a PEG ratio of 3.74 and a beta of 1.11. The stock has a 50-day simple moving average of $11.04 and a two-hundred day simple moving average of $11.94. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.70 and a current ratio of 0.99. Gladstone Land Co. has a fifty-two week low of $10.27 and a fifty-two week high of $15.36.

Gladstone Land (NASDAQ:LAND) last posted its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.19. Gladstone Land had a return on equity of 1.89% and a net margin of 15.59%. The firm had revenue of $21.10 million for the quarter, compared to analyst estimates of $20.45 million. On average, equities analysts forecast that Gladstone Land Co. will post 0.52 earnings per share for the current year.

Gladstone Land Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were paid a $0.0467 dividend. This is a boost from Gladstone Land’s previous dividend of $0.04. This represents a dividend yield of 5.33%. The ex-dividend date was Friday, January 24th. Gladstone Land’s payout ratio is currently -193.10%.

Gladstone Land Profile

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.