2 weeks Ago By Defense World Staff
Corebridge Financial Inc. lowered its stake in Gladstone Land Co. ( NASDAQ:LAND – Free Report ) by 7.
0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 16,708 shares of the real estate investment trust’s stock after selling 1,260 shares during the period. Corebridge Financial Inc.
’s holdings in Gladstone Land were worth $181,000 as of its most recent SEC filing. Other institutional investors have also modified their holdings of the company. Hager Investment Management Services LLC acquired a new position in Gladstone Land in the fourth quarter worth about $27,000.
KLP Kapitalforvaltning AS bought a new position in Gladstone Land during the 4th quarter worth approximately $62,000. AlphaQuest LLC grew its position in shares of Gladstone Land by 63.2% in the 4th quarter.
AlphaQuest LLC now owns 5,841 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 2,261 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Gladstone Land in the 4th quarter valued at approximately $118,000. Finally, Fiduciary Group LLC bought a new stake in shares of Gladstone Land in the 4th quarter valued at approximately $123,000.
Institutional investors and hedge funds own 53.60% of the company’s stock. Insider Buying and Selling In other Gladstone Land news, Director Anthony W.
Parker sold 6,601 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $11.02, for a total value of $72,743.
02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Corporate insiders own 7.
20% of the company’s stock. Wall Street Analysts Forecast Growth Check Out Our Latest Analysis on Gladstone Land Gladstone Land Stock Performance Shares of NASDAQ LAND opened at $9.18 on Monday.
The company has a quick ratio of 0.70, a current ratio of 0.99 and a debt-to-equity ratio of 0.
77. The firm’s 50-day moving average price is $10.78 and its two-hundred day moving average price is $11.
54. Gladstone Land Co. has a 52-week low of $8.
66 and a 52-week high of $15.36. The stock has a market capitalization of $332.
18 million, a P/E ratio of -31.65, a P/E/G ratio of 3.74 and a beta of 1.
15. Gladstone Land ( NASDAQ:LAND – Get Free Report ) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.
09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.19.
The business had revenue of $21.10 million for the quarter, compared to the consensus estimate of $20.45 million.
Gladstone Land had a return on equity of 1.89% and a net margin of 15.59%.
As a group, sell-side analysts forecast that Gladstone Land Co. will post 0.52 earnings per share for the current year.
Gladstone Land Announces Dividend The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 21st will be given a dividend of $0.0467 per share.
The ex-dividend date is Monday, April 21st. This represents a $0.56 annualized dividend and a dividend yield of 6.
10%. Gladstone Land’s dividend payout ratio is currently -193.10%.
Gladstone Land Profile ( Free Report ) 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. Featured Articles Five stocks we like better than Gladstone Land What is the NASDAQ Stock Exchange? Is McDonald’s Stock Serving a Value Meal to Investors? Investing in the High PE Growth Stocks Walgreens Comeback? Private Equity Circling for a Buyout P/E Ratio Calculation: How to Assess Stocks Coca-Cola Stock Looks Refreshing After the Relief Rally Want to see what other hedge funds are holding LAND? Visit HoldingsChannel.
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