Short Interest in Gladstone Land Co. (NASDAQ:LAND) Rises By 7.2%

Gladstone Land Co. (NASDAQ:LAND) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 557,000 shares, a growth of 7.2% from the September 30th total of 519,700 shares. Based on an average daily volume of 162,700 shares, the short-interest ratio is currently 3.4 days.

Institutional Trading of Gladstone Land

Institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC boosted its position in shares of Gladstone Land by 3,910.3% during the second quarter. Signaturefd LLC now owns 3,128 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 3,050 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Gladstone Land during the 3rd quarter valued at about $50,000. M&G Plc purchased a new stake in shares of Gladstone Land during the 1st quarter valued at about $138,000. LRI Investments LLC bought a new stake in shares of Gladstone Land in the first quarter worth approximately $152,000. Finally, SG Americas Securities LLC raised its holdings in shares of Gladstone Land by 41.0% during the third quarter. SG Americas Securities LLC now owns 12,280 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 3,572 shares during the last quarter. Institutional investors own 53.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Maxim Group lowered Gladstone Land from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Gladstone Land Stock Down 2.3 %

Shares of Gladstone Land stock opened at $13.03 on Friday. The company has a 50-day simple moving average of $13.71 and a two-hundred day simple moving average of $13.63. Gladstone Land has a 52-week low of $12.31 and a 52-week high of $15.36. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.43 and a current ratio of 4.43. The stock has a market capitalization of $466.97 million, a PE ratio of -72.39, a price-to-earnings-growth ratio of 4.28 and a beta of 1.07.

Gladstone Land Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a $0.0467 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.56 annualized dividend and a yield of 4.30%. Gladstone Land’s dividend payout ratio (DPR) is presently -311.11%.

About Gladstone Land

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.