Barclays PLC grew its position in Gladstone Land Co. (NASDAQ:LAND – Free Report) by 90.2% during the third quarter, HoldingsChannel reports. The firm owned 85,297 shares of the real estate investment trust’s stock after buying an additional 40,459 shares during the period. Barclays PLC’s holdings in Gladstone Land were worth $1,186,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Rhumbline Advisers grew its position in shares of Gladstone Land by 5.1% during the 2nd quarter. Rhumbline Advisers now owns 62,105 shares of the real estate investment trust’s stock worth $850,000 after buying an additional 3,006 shares during the period. Moors & Cabot Inc. grew its holdings in Gladstone Land by 6.3% in the second quarter. Moors & Cabot Inc. now owns 97,650 shares of the real estate investment trust’s stock worth $1,337,000 after purchasing an additional 5,750 shares during the period. Sei Investments Co. increased its stake in Gladstone Land by 8.7% in the second quarter. Sei Investments Co. now owns 22,512 shares of the real estate investment trust’s stock valued at $308,000 after purchasing an additional 1,804 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Gladstone Land by 17.6% during the second quarter. AQR Capital Management LLC now owns 52,381 shares of the real estate investment trust’s stock valued at $717,000 after purchasing an additional 7,848 shares during the period. Finally, Marathon Capital Management boosted its position in shares of Gladstone Land by 0.5% during the 2nd quarter. Marathon Capital Management now owns 154,271 shares of the real estate investment trust’s stock worth $2,112,000 after purchasing an additional 781 shares in the last quarter. 53.60% of the stock is currently owned by institutional investors and hedge funds.
Gladstone Land Stock Performance
NASDAQ LAND opened at $10.43 on Tuesday. The company has a market cap of $377.41 million, a P/E ratio of -40.12, a PEG ratio of 3.84 and a beta of 1.05. The company has a fifty day simple moving average of $11.50 and a 200 day simple moving average of $13.06. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.77. Gladstone Land Co. has a 12-month low of $10.27 and a 12-month high of $15.36.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on Gladstone Land
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.
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