U.S. Capital Wealth Advisors LLC Sells 2,100 Shares of Gladstone Land Co. (NASDAQ:LAND)

U.S. Capital Wealth Advisors LLC trimmed its position in shares of Gladstone Land Co. (NASDAQ:LAND) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 133,705 shares of the real estate investment trust’s stock after selling 2,100 shares during the quarter. U.S. Capital Wealth Advisors LLC owned approximately 0.37% of Gladstone Land worth $1,932,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LAND. Cambridge Investment Research Advisors Inc. boosted its stake in Gladstone Land by 4.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 18,652 shares of the real estate investment trust’s stock worth $265,000 after acquiring an additional 766 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Gladstone Land by 1.7% in the 4th quarter. Victory Capital Management Inc. now owns 48,661 shares of the real estate investment trust’s stock worth $703,000 after buying an additional 824 shares during the last quarter. Capital Square LLC increased its position in Gladstone Land by 7.0% during the 3rd quarter. Capital Square LLC now owns 23,552 shares of the real estate investment trust’s stock valued at $330,000 after buying an additional 1,537 shares in the last quarter. Kovack Advisors Inc. raised its stake in Gladstone Land by 11.0% during the fourth quarter. Kovack Advisors Inc. now owns 16,735 shares of the real estate investment trust’s stock valued at $242,000 after buying an additional 1,653 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC boosted its holdings in Gladstone Land by 4.5% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 39,725 shares of the real estate investment trust’s stock worth $574,000 after acquiring an additional 1,700 shares in the last quarter. Hedge funds and other institutional investors own 53.60% of the company’s stock.

Gladstone Land Stock Down 0.7 %

Shares of NASDAQ:LAND traded down $0.09 on Friday, hitting $12.92. 138,948 shares of the company traded hands, compared to its average volume of 176,849. The stock has a 50 day simple moving average of $12.95 and a 200-day simple moving average of $13.68. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.80. The company has a market cap of $463.05 million, a PE ratio of -47.85, a PEG ratio of 3.29 and a beta of 1.00. Gladstone Land Co. has a 52 week low of $12.31 and a 52 week high of $17.48.

Gladstone Land Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be paid a dividend of $0.0466 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.56 dividend on an annualized basis and a yield of 4.33%. Gladstone Land’s dividend payout ratio is currently -207.41%.

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.