ProShare Advisors LLC Raises Stock Holdings in Gladstone Land Corporation $LAND

ProShare Advisors LLC lifted its stake in shares of Gladstone Land Corporation (NASDAQ:LAND) by 16.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 698,201 shares of the real estate investment trust’s stock after acquiring an additional 98,781 shares during the period. ProShare Advisors LLC’s holdings in Gladstone Land were worth $6,396,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in Gladstone Land by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 943,298 shares of the real estate investment trust’s stock valued at $9,595,000 after purchasing an additional 12,251 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Gladstone Land by 5.9% in the first quarter. Goldman Sachs Group Inc. now owns 407,183 shares of the real estate investment trust’s stock valued at $4,284,000 after buying an additional 22,557 shares during the last quarter. Accordant Advisory Group Inc lifted its stake in shares of Gladstone Land by 4.4% during the second quarter. Accordant Advisory Group Inc now owns 259,580 shares of the real estate investment trust’s stock valued at $2,640,000 after buying an additional 10,897 shares during the period. Voya Investment Management LLC boosted its position in Gladstone Land by 6.7% during the third quarter. Voya Investment Management LLC now owns 179,928 shares of the real estate investment trust’s stock worth $1,648,000 after acquiring an additional 11,281 shares during the last quarter. Finally, Moors & Cabot Inc. grew its stake in Gladstone Land by 10.6% in the 2nd quarter. Moors & Cabot Inc. now owns 109,120 shares of the real estate investment trust’s stock worth $1,110,000 after acquiring an additional 10,420 shares during the period. Hedge funds and other institutional investors own 53.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LAND shares. Alliance Global Partners reissued a “neutral” rating on shares of Gladstone Land in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gladstone Land in a research report on Monday, December 29th. Wall Street Zen lowered Gladstone Land from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. iA Financial set a $10.00 price objective on shares of Gladstone Land in a research note on Tuesday, November 11th. Finally, Zacks Research lowered shares of Gladstone Land from a “strong-buy” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Gladstone Land currently has an average rating of “Hold” and an average price target of $10.00.

Gladstone Land Stock Performance

Shares of NASDAQ:LAND opened at $10.83 on Friday. The business has a 50-day moving average of $9.65 and a two-hundred day moving average of $9.33. The firm has a market capitalization of $403.63 million, a PE ratio of -49.23, a P/E/G ratio of 5.47 and a beta of 1.22. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.13 and a quick ratio of 1.13. Gladstone Land Corporation has a 12 month low of $8.47 and a 12 month high of $11.93.

Gladstone Land Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be given a dividend of $0.0467 per share. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Monday, March 23rd. Gladstone Land’s dividend payout ratio is -254.55%.

Gladstone Land Profile

Gladstone Land Corporation (NASDAQ: LAND) is a publicly traded real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland in the United States. Established in 2013 and headquartered in Wayne, Pennsylvania, the company focuses on purchasing high-quality agricultural properties and leasing them to farmers under long‐term, triple‐net lease agreements. This model provides tenants with operational flexibility while generating stable, recurring rental income for investors.

The company’s portfolio spans several key agricultural regions across the country, including California, the Midwest, and parts of the Southeast.