Quadrature Capital Ltd Buys Shares of 30,017 Gladstone Land Co. (NASDAQ:LAND)

Posted by Defense World Staff on Mar 12th, 2023

Quadrature Capital Ltd purchased a new position in shares of Gladstone Land Co. (NASDAQ:LAND – Get Rating) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,017 shares of the real estate investment trust’s stock, valued at approximately $544,000. Quadrature Capital Ltd owned approximately 0.09% of Gladstone Land as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James & Associates raised its stake in Gladstone Land by 18.1% during the 1st quarter. Raymond James & Associates now owns 45,872 shares of the real estate investment trust’s stock worth $1,671,000 after buying an additional 7,015 shares during the period. HighTower Advisors LLC bought a new stake in shares of Gladstone Land in the first quarter worth about $463,000. Cetera Advisor Networks LLC acquired a new stake in shares of Gladstone Land during the first quarter worth about $308,000. MetLife Investment Management LLC lifted its holdings in shares of Gladstone Land by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 16,827 shares of the real estate investment trust’s stock valued at $613,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Gladstone Land by 5.4% in the 1st quarter. Rhumbline Advisers now owns 39,334 shares of the real estate investment trust’s stock valued at $1,433,000 after purchasing an additional 2,031 shares during the period. Institutional investors and hedge funds own 45.31% of the company’s stock.

Gladstone Land Stock Performance

Shares of LAND opened at $16.38 on Friday. Gladstone Land Co. has a 12 month low of $16.14 and a 12 month high of $42.10. The firm has a fifty day simple moving average of $18.74 and a 200 day simple moving average of $19.66. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.76 and a current ratio of 3.76.

Gladstone Land Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be paid a dividend of $0.0459 per share. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.36%. Gladstone Land’s dividend payout ratio is -127.90%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Oppenheimer raised shares of Gladstone Land from a “market perform” rating to an “outperform” rating and cut their price target for the company from $25.00 to $22.00 in a research note on Wednesday, February 22nd. EF Hutton Acquisition Co. I cut their price objective on shares of Gladstone Land from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, February 23rd. B. Riley dropped their price target on Gladstone Land from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, February 23rd. Finally, StockNews.com lowered Gladstone Land from a “hold” rating to a “sell” rating in a report on Friday, March 3rd.

Gladstone Land Profile

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Gladstone Land Corp. is an agricultural real estate investment trust, which engages in the business of owning and leasing farmland. It also includes farm-related facilities, such as cooling facilities, packinghouses, processing facilities, and various storage facilities. The company was founded by David Gladstone on June 14, 1997 and is headquartered in McLean, VA.