Gladstone Land Co. (NASDAQ:LAND) Stake Reduced by Shufro Rose & Co. LLC

Shufro Rose & Co. LLC reduced its stake in shares of Gladstone Land Co. (NASDAQ:LAND – Get Rating) by 57.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the real estate investment trust’s stock after selling 20,000 shares during the quarter. Shufro Rose & Co. LLC’s holdings in Gladstone Land were worth $546,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC bought a new position in shares of Gladstone Land in the fourth quarter worth $1,576,000. Abbrea Capital LLC bought a new position in shares of Gladstone Land in the fourth quarter worth $1,019,000. Arizona State Retirement System bought a new position in shares of Gladstone Land in the fourth quarter worth $270,000. IFS Advisors LLC acquired a new stake in shares of Gladstone Land in the fourth quarter valued at $29,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of Gladstone Land in the fourth quarter valued at $142,000. 52.62% of the stock is currently owned by institutional investors.

Gladstone Land Stock Performance

Shares of Gladstone Land stock opened at $25.89 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 3.89 and a current ratio of 3.89. The business has a fifty day simple moving average of $24.14 and a 200-day simple moving average of $29.87. Gladstone Land Co. has a fifty-two week low of $21.23 and a fifty-two week high of $42.10.

Gladstone Land Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 22nd will be issued a dividend of $0.0456 per share. This represents a $0.55 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Wednesday, September 21st. Gladstone Land’s dividend payout ratio is -189.66%.

About Gladstone Land

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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 127 farms, comprised of approximately 94,000 acres in 13 different states, valued at approximately $1.0 billion.