International Assets Investment Management LLC Makes New Investment in Gladstone Land Co. (NASDAQ:LAND)

International Assets Investment Management LLC bought a new position in shares of Gladstone Land Co. (NASDAQ:LAND) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 50,338 shares of the real estate investment trust’s stock, valued at approximately $727,000. International Assets Investment Management LLC owned approximately 0.14% of Gladstone Land at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LAND. OneAscent Financial Services LLC purchased a new stake in shares of Gladstone Land in the fourth quarter worth $170,000. Millburn Ridgefield Corp bought a new position in shares of Gladstone Land during the third quarter valued at about $172,000. Catalyst Capital Advisors LLC grew its stake in shares of Gladstone Land by 28.6% during the third quarter. Catalyst Capital Advisors LLC now owns 12,064 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 2,685 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in shares of Gladstone Land by 34.5% during the third quarter. Atria Wealth Solutions Inc. now owns 14,675 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 3,765 shares during the last quarter. Finally, Mutual Advisors LLC bought a new position in shares of Gladstone Land during the fourth quarter valued at about $211,000. Hedge funds and other institutional investors own 53.60% of the company’s stock.

Gladstone Land Stock Down 0.4 %

Shares of NASDAQ:LAND opened at $12.70 on Thursday. The stock’s 50-day moving average price is $13.03 and its 200-day moving average price is $13.75. Gladstone Land Co. has a 12-month low of $12.31 and a 12-month high of $17.48. The stock has a market capitalization of $455.17 million, a P/E ratio of -47.04, a price-to-earnings-growth ratio of 3.27 and a beta of 1.00. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.80.

Gladstone Land Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th will be paid a dividend of $0.0466 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.40%. Gladstone Land’s dividend payout ratio (DPR) is currently -207.41%.

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.