Catalyst Capital Advisors LLC Increases Holdings in Gladstone Land Co. (NASDAQ:LAND)

Catalyst Capital Advisors LLC grew its holdings in shares of Gladstone Land Co. (NASDAQ:LAND) by 9.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,685 shares of the real estate investment trust’s stock after buying an additional 1,192 shares during the period. Catalyst Capital Advisors LLC’s holdings in Gladstone Land were worth $148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of LAND. Rhumbline Advisers increased its position in Gladstone Land by 1.9% during the 4th quarter. Rhumbline Advisers now owns 59,290 shares of the real estate investment trust’s stock worth $643,000 after purchasing an additional 1,130 shares during the period. Larson Financial Group LLC increased its position in Gladstone Land by 224.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 1,334 shares during the period. Centiva Capital LP increased its position in Gladstone Land by 13.2% during the 3rd quarter. Centiva Capital LP now owns 14,487 shares of the real estate investment trust’s stock worth $201,000 after purchasing an additional 1,691 shares during the period. Charles Schwab Investment Management Inc. increased its position in Gladstone Land by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 96,363 shares of the real estate investment trust’s stock worth $1,339,000 after purchasing an additional 2,144 shares during the period. Finally, Creative Planning increased its position in Gladstone Land by 10.9% during the 3rd quarter. Creative Planning now owns 22,536 shares of the real estate investment trust’s stock worth $313,000 after purchasing an additional 2,215 shares during the period. 53.60% of the stock is owned by hedge funds and other institutional investors.

Gladstone Land Stock Performance

LAND opened at $11.62 on Tuesday. The stock has a market cap of $420.53 million, a P/E ratio of -44.69, a P/E/G ratio of 3.48 and a beta of 1.05. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.70 and a quick ratio of 0.70. The stock’s 50 day simple moving average is $10.85 and its 200 day simple moving average is $12.45. Gladstone Land Co. has a 1-year low of $10.27 and a 1-year high of $15.36.

Gladstone Land Increases Dividend

The business 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. The ex-dividend date was Friday, January 24th. This represents a yield of 5.33%. This is a positive change from Gladstone Land’s previous dividend of $0.04. Gladstone Land’s dividend payout ratio is presently -215.38%.

Analyst Ratings Changes

Separately, Alliance Global Partners cut Gladstone Land from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $16.00 to $14.50 in a research report on Friday, November 8th.

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.