Gladstone Land Corporation (NASDAQ:LAND) is expected to pay $0.04 on Oct 31, 2016. The indicated annual dividend is $0.51. Shareholders owning the stock before Oct 19, 2016 will be eligible to receive the payout. Based on Gladstone Land Corporation’s current price of $10.59, the dividend is 0.41%. This dividend’s record date is Oct 21, 2016 and the announcement date is Oct 12, 2016. The stock decreased 0.38% or $0.04 on September 30, hitting $10.59. Gladstone Land Corp (NASDAQ:LAND) has risen 14.98% since March 15, 2016 and is uptrending. It has outperformed by 9.50% the S&P500.
Gladstone Land Corporation is an externally-managed, agricultural real estate investment trust . The company has a market cap of $106.45 million. The Firm is engaged in the business of owning and leasing farmland. It has a 109.59 P/E ratio. The Company’s segment is farmland and farm-related properties.
Insitutional Activity: The institutional sentiment increased to 2.13 in Q2 2016. Its up 0.25, from 1.88 in 2016Q1. The ratio is positive, as 2 funds sold all Gladstone Land Corp shares owned while 6 reduced positions. 2 funds bought stakes while 15 increased positions. They now own 2.10 million shares or 1.78% more from 2.06 million shares in 2016Q1.
Keeley Asset Corp has invested 0.02% of its portfolio in Gladstone Land Corp (NASDAQ:LAND). Blackrock Fund Advsr, a California-based fund reported 26,568 shares. Blackrock Institutional Tru Na reported 10,458 shares or 0% of all its holdings. Moreover, National Bank & Trust Of America De has 0% invested in Gladstone Land Corp (NASDAQ:LAND) for 500 shares. Blackrock Invest Lc owns 1,308 shares or 0% of their US portfolio. Geode Cap Management Ltd Liability Corporation, a Massachusetts-based fund reported 80,772 shares. Royal Bank & Trust Of Canada has 3,450 shares for 0% of their US portfolio. Vanguard Gru Inc Inc holds 0% of its portfolio in Gladstone Land Corp (NASDAQ:LAND) for 227,884 shares. Loeb Prns last reported 0.05% of its portfolio in the stock. Shufro Rose Com Limited Liability Company last reported 23,200 shares in the company. Morgan Stanley accumulated 14,822 shares or 0% of the stock. Tower Rech Ltd Llc (Trc) owns 270 shares or 0% of their US portfolio. Bard Assocs Inc has invested 0.83% of its portfolio in Gladstone Land Corp (NASDAQ:LAND). Diligent Llc owns 102,652 shares or 1.08% of their US portfolio. Retail Bank Of New York Mellon last reported 0% of its portfolio in the stock.
Insider Transactions: Since May 5, 2016, the stock had 6 insider purchases, and 0 insider sales for $71,339 net activity. The insider ADELGREN PAUL W bought 1,000 shares worth $10,190. 4,432 Gladstone Land Corp (NASDAQ:LAND) shares with value of $50,039 were bought by Merrick Caren D. $1,000 worth of Gladstone Land Corp (NASDAQ:LAND) was bought by Parrish Lewis.
Gladstone Land Corp (NASDAQ:LAND) Ratings Coverage
Out of 3 analysts covering Gladstone Land (NASDAQ:LAND), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Gladstone Land has been the topic of 3 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Janney Capital initiated Gladstone Land Corp (NASDAQ:LAND) rating on Thursday, December 3. Janney Capital has “Buy” rating and $10.50 price target. The firm has “Market Perform” rating given on Monday, August 15 by JMP Securities. Maxim Group maintained the stock with “Buy” rating in Monday, August 10 report.
More important recent Gladstone Land Corp (NASDAQ:LAND) news were published by: Twst.com which released: “Gladstone Land Corporation: Gladstone Land Acquires Almond Orchard in California” on October 17, 2016, also Globenewswire.com published article titled: “Gladstone Land Corporation Announces Initial Cash Distribution for 6.375 …”, Globenewswire.com published: “Gladstone Land Announces Acquisition of $3.2 Million Organic Farm in Florida” on March 10, 2015. More interesting news about Gladstone Land Corp (NASDAQ:LAND) was released by: Thestreet.com and their article: “Gladstone Land (LAND) Downgraded From Hold to Sell” with publication date: December 12, 2014.
LAND Company Profile
Gladstone Land Corporation, incorporated on March 24, 2011, is an externally-managed, agricultural real estate investment trust (REIT). The Firm is engaged in the business of owning and leasing farmland. The Company’s segment is farmland and farm-related properties. The Firm is engaged in leasing its farms to independent farming activities and corporate farming operations. The Firm owns approximately 43 farms consisting of over 16,810 total acres across six states in the United States (Arizona, California, Florida, Michigan, Nebraska and Oregon). The Firm also owns approximately three cooling facilities and one facility utilized for the storage and assembly of boxes for shipping produce (a box barn). These properties are leased to approximately 33 different, unrelated tenants that are either independent or corporate farming operations. The Firm also leases a small parcel on one of its properties to an oil company.
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