JPMorgan Chase & Co. Acquires 102,912 Shares of Gladstone Land Corp (NASDAQ:LAND)

JPMorgan Chase & Co. raised its position in Gladstone Land Corp (NASDAQ:LAND) by 488.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 123,985 shares of the real estate investment trust’s stock after buying an additional 102,912 shares during the period. JPMorgan Chase & Co. owned 0.91% of Gladstone Land worth $1,697,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Stelac Advisory Services LLC boosted its holdings in Gladstone Land by 48.3% in the 3rd quarter. Stelac Advisory Services LLC now owns 17,568 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 5,719 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in Gladstone Land by 26.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 20,223 shares of the real estate investment trust’s stock worth $275,000 after purchasing an additional 4,227 shares in the last quarter. RMR Advisors LLC purchased a new stake in shares of Gladstone Land during the 3rd quarter valued at $272,000. Royal Bank of Canada raised its position in shares of Gladstone Land by 81.4% during the 2nd quarter. Royal Bank of Canada now owns 10,710 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 4,806 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Gladstone Land by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 309,464 shares of the real estate investment trust’s stock valued at $3,612,000 after buying an additional 7,356 shares in the last quarter. Hedge funds and other institutional investors own 26.34% of the company’s stock.

LAND has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Gladstone Land from a “sell” rating to a “hold” rating in a research report on Saturday, September 23rd. Hilliard Lyons lowered shares of Gladstone Land from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 8th. Finally, Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and set a $15.00 target price (up previously from $14.00) on shares of Gladstone Land in a research note on Friday, December 8th.

Gladstone Land Corp (LAND) opened at $13.36 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 2.48. Gladstone Land Corp has a twelve month low of $10.77 and a twelve month high of $14.29. The stock has a market cap of $182.61, a PE ratio of 445.48 and a beta of 0.98.

Gladstone Land (NASDAQ:LAND) last released its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.18). Gladstone Land had a net margin of 1.14% and a return on equity of 0.25%. sell-side analysts predict that Gladstone Land Corp will post 0.58 EPS for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Friday, March 30th. Shareholders of record on Tuesday, March 20th will be given a $0.0443 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.97%. Gladstone Land’s payout ratio is currently 1,767.26%.

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Gladstone Land Profile

Gladstone Land Corporation is an agricultural real estate investment trust (REIT). The Company is engaged in the business of owning and leasing farmland. The Company also owns various farm-related facilities, such as cooling facilities, buildings utilized for the storage and assembly of boxes for shipping produce (box barns), packinghouses, processing facilities and various storage facilities.

Institutional Ownership by Quarter for Gladstone Land (NASDAQ:LAND)

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