Gladstone Land Co. (NASDAQ:LAND) Stock Position Increased by Redmont Wealth Advisors LLC

Redmont Wealth Advisors LLC grew its position in Gladstone Land Co. (NASDAQ:LAND) by 35.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,797 shares of the real estate investment trust’s stock after purchasing an additional 11,635 shares during the period. Redmont Wealth Advisors LLC owned approximately 0.12% of Gladstone Land worth $647,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Federated Hermes Inc. grew its holdings in Gladstone Land by 1.1% in the 1st quarter. Federated Hermes Inc. now owns 53,238 shares of the real estate investment trust’s stock worth $1,939,000 after buying an additional 566 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Gladstone Land by 4.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,767 shares of the real estate investment trust’s stock worth $308,000 after purchasing an additional 672 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Gladstone Land by 80.5% during the first quarter. Great West Life Assurance Co. Can now owns 1,565 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 698 shares during the period. Advisor Group Holdings Inc. raised its stake in shares of Gladstone Land by 1.9% during the fourth quarter. Advisor Group Holdings Inc. now owns 39,234 shares of the real estate investment trust’s stock valued at $720,000 after purchasing an additional 717 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Gladstone Land by 4.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 18,652 shares of the real estate investment trust’s stock worth $265,000 after purchasing an additional 766 shares during the period. Institutional investors and hedge funds own 53.60% of the company’s stock.

Gladstone Land Price Performance

LAND traded up $0.18 on Friday, reaching $12.57. The company had a trading volume of 115,719 shares, compared to its average volume of 206,096. The company has a market capitalization of $450.48 million, a P/E ratio of -46.48, a PEG ratio of 3.18 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. The company has a fifty day moving average of $13.08 and a 200-day moving average of $13.79. Gladstone Land Co. has a one year low of $12.31 and a one year high of $17.48.

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 issued a $0.0466 dividend. This represents a $0.56 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Tuesday, June 18th. Gladstone Land’s dividend payout ratio (DPR) is presently -203.70%.

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.