Compass Financial Management LLC Invests $5.50 Million in Gladstone Land Corporation $LAND

Compass Financial Management LLC bought a new position in Gladstone Land Corporation (NASDAQ:LAND) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 644,711 shares of the real estate investment trust’s stock, valued at approximately $5,499,000. Compass Financial Management LLC owned 1.49% of Gladstone Land at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Gladstone Land during the second quarter worth about $29,231,000. Renaissance Technologies LLC acquired a new position in shares of Gladstone Land in the 1st quarter valued at about $5,165,000. Marshall Wace LLP purchased a new stake in shares of Gladstone Land during the 4th quarter worth about $2,476,000. NewEdge Advisors LLC grew its holdings in shares of Gladstone Land by 1,521.9% during the 3rd quarter. NewEdge Advisors LLC now owns 266,414 shares of the real estate investment trust’s stock worth $2,440,000 after purchasing an additional 249,988 shares during the period. Finally, Millennium Management LLC increased its position in Gladstone Land by 570.2% during the 3rd quarter. Millennium Management LLC now owns 283,538 shares of the real estate investment trust’s stock worth $2,597,000 after purchasing an additional 241,231 shares in the last quarter. Institutional investors and hedge funds own 53.60% of the company’s stock.

Gladstone Land Stock Down 0.5%

NASDAQ LAND opened at $8.65 on Friday. The stock has a market cap of $373.16 million, a PE ratio of -15.73 and a beta of 1.07. Gladstone Land Corporation has a fifty-two week low of $7.92 and a fifty-two week high of $13.00. The business has a 50 day moving average price of $8.52 and a two-hundred day moving average price of $9.76. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.72.

Gladstone Land (NASDAQ:LAND) last issued its quarterly earnings data on Tuesday, August 11th. The real estate investment trust reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.06). The firm had revenue of $12.69 million during the quarter, compared to analyst estimates of $12.28 million. Gladstone Land had a negative net margin of 7.31% and a negative return on equity of 0.96%. As a group, sell-side analysts predict that Gladstone Land Corporation will post 0.48 EPS for the current fiscal year.

Gladstone Land Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a dividend of $0.0467 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) annualized dividend and a yield of 6.5%. Gladstone Land’s payout ratio is -101.82%.

Analyst Upgrades and Downgrades

Several research firms recently commented on LAND. Wall Street Zen lowered shares of Gladstone Land from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gladstone Land in a research note on Friday, August 7th. Finally, Lucid Cap Mkts raised shares of Gladstone Land from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.00.

Gladstone Land Company 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.