Insider Selling: Gladstone Land Co. (NASDAQ:LAND) Director Sells 6,601 Shares of Stock

Gladstone Land Co. (NASDAQ:LAND) Director Anthony W. Parker sold 6,601 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $11.02, for a total transaction of $72,743.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Gladstone Land Price Performance

NASDAQ:LAND traded up $0.25 during mid-day trading on Friday, reaching $10.82. The stock had a trading volume of 500,985 shares, compared to its average volume of 382,468. The stock has a market capitalization of $391.52 million, a P/E ratio of -37.31, a P/E/G ratio of 3.74 and a beta of 1.11. The firm has a 50 day moving average price of $11.05 and a two-hundred day moving average price of $12.16. 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 one year low of $10.27 and a one year high of $15.36.

Gladstone Land (NASDAQ:LAND) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.19. Gladstone Land had a net margin of 15.59% and a return on equity of 1.89%. The firm had revenue of $21.10 million during the quarter, compared to analyst estimates of $20.45 million. As a group, analysts expect that Gladstone Land Co. will post 0.52 earnings per share for the current year.

Gladstone Land Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were given a dividend of $0.0467 per share. This represents a yield of 5.33%. This is a positive change from Gladstone Land’s previous dividend of $0.04. The ex-dividend date was Friday, January 24th. Gladstone Land’s dividend payout ratio is presently -193.10%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Larson Financial Group LLC grew 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 acquiring an additional 1,334 shares during the last quarter. Hager Investment Management Services LLC purchased a new stake in shares of Gladstone Land during the fourth quarter valued at approximately $27,000. KLP Kapitalforvaltning AS bought a new position in shares of Gladstone Land in the fourth quarter worth approximately $62,000. AlphaQuest LLC increased its stake in shares of Gladstone Land by 63.2% in the fourth quarter. AlphaQuest LLC now owns 5,841 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 2,261 shares during the period. Finally, Entropy Technologies LP bought a new stake in Gladstone Land during the 4th quarter valued at $118,000. Hedge funds and other institutional investors own 53.60% of the company’s stock.

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.

Gladstone Land Company 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.