Gladstone Land Corporation (NASDAQ:LAND) is expected to pay $0.04 on Nov 30, 2016. The indicated annual dividend is $0.51. Shareholders owning the stock before Nov 15, 2016 will be eligible to receive the payout. Based on Gladstone Land Corporation’s current price of $10.37, the dividend is 0.41%. This dividend’s record date is Nov 17, 2016 and the announcement date is Oct 12, 2016. The stock increased 0.19% or $0.02 on November 11, hitting $10.37. Gladstone Land Corp (NASDAQ:LAND) has risen 3.39% since April 12, 2016 and is uptrending. It has underperformed by 1.59% the S&P500.
Gladstone Land Corporation is an externally-managed, agricultural real estate investment trust . The company has a market cap of $104.16 million. The Firm is engaged in the business of owning and leasing farmland. It has a 107.32 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.
Shufro Rose & Ltd Limited Liability Company has 0.03% invested in the company for 23,200 shares. Horizon Kinetics Ltd holds 0.02% or 80,647 shares in its portfolio. Price T Rowe Md holds 0% or 12,900 shares in its portfolio. Jpmorgan Chase & owns 19,842 shares or 0% of their US portfolio. Loeb Prtnrs Corp accumulated 0.05% or 15,000 shares. Diligent Limited Liability Corp owns 102,652 shares or 1.08% of their US portfolio. Royal Bank & Trust Of Canada holds 0% of its portfolio in Gladstone Land Corp (NASDAQ:LAND) for 3,450 shares. Bard Associates, a Illinois-based fund reported 140,950 shares. Tower Research Capital Limited Company (Trc) has 270 shares for 0% of their US portfolio. Wedge Capital L L P Nc has invested 0% of its portfolio in Gladstone Land Corp (NASDAQ:LAND). Natl Bank Of America De reported 500 shares or 0% of all its holdings. Renaissance Techs Lc holds 0.01% of its portfolio in Gladstone Land Corp (NASDAQ:LAND) for 286,600 shares. State Of New Jersey Common Pension Fund D holds 344,000 shares or 0.02% of its portfolio. Wells Fargo & Mn last reported 0% of its portfolio in the stock. Morgan Stanley last reported 0% of its portfolio in the stock.
Insider Transactions: Since May 19, 2016, the stock had 4 insider buys, and 0 insider sales for $60,149 net activity. ADELGREN PAUL W had bought 500 shares worth $5,860. Merrick Caren D bought $50,039 worth of stock. The insider Parrish Lewis bought 150 shares worth $1,500.
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 the shares of LAND in a report on Thursday, December 3 with “Buy” rating. Maxim Group maintained it with “Buy” rating and $14.0 target price in Monday, August 10 report. The stock of Gladstone Land Corp (NASDAQ:LAND) has “Market Perform” rating given on Monday, August 15 by JMP Securities.
More notable recent Gladstone Land Corp (NASDAQ:LAND) news were published by: Globenewswire.com which released: “Gladstone Land Corporation Earnings Call and Webcast Information” on November 10, 2016, also Globenewswire.com with their article: “Gladstone Land Corporation Announces Preferred Stock Offering” published on August 10, 2016, Globenewswire.com published: “Gladstone Land Corporation Announces Initial Cash Distribution for 6.375 …” on September 12, 2016. More interesting news about Gladstone Land Corp (NASDAQ:LAND) were released by: Globenewswire.com and their article: “Gladstone Land Announces Acquisition of $3.2 Million Organic Farm in Florida” published on March 10, 2015 as well as Thestreet.com‘s news article titled: “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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