Western Wealth Management LLC Sells 8,610 Shares of Gladstone Land Co. (NASDAQ:LAND)

Western Wealth Management LLC increased its position in shares of Gladstone Land Co. (NASDAQ:LAND – Get Rating ) decreased by 20.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,276 shares of the real estate investment trust’s stock after selling 8,610 shares during the quarter. Western Wealth Management LLC owned about 0.10% of Gladstone Land worth $599,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in LAND. Ellevest Inc. raised its stake in shares of Gladstone Land by 3,214.7% during the second quarter. Ellevest Inc. now owns 1,127 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,093 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Gladstone Land by 80.5% during the 1st 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 acquiring an additional 698 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Gladstone Land in the 1st quarter valued at $80,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Gladstone Land in the 2nd quarter valued at $52,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Gladstone Land during the second quarter valued at $57,000. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts set new price targets

Several equities analysts have weighed in on LAND shares. StockNews.com assumed coverage on Gladstone Land in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock. EF Hutton Acquisition Co. I reduced their price objective on shares of Gladstone Land from $32.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, December 5th.

Gladstone Land Price Performance

Shares of NASDAQ LAND opened at $19.42 on Monday. Gladstone Land Co. has a twelve month low of $17.28 and a twelve month high of $42.10. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.20, and a quick ratio of 3.20. The company’s fifty day moving average is $19.38 and its 200 day moving average is $21.07. Gladstone Land Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be paid a $0.0459 dividend. The ex-dividend date is Thursday 16 March. This represents a dividend of $0.55 on an annualized basis and a yield of 2.84%. Gladstone Land’s payout ratio is -166.66%.

Gladstone Soil Profile

(Get rating)

Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties in major US agricultural markets and leases its properties to unrelated third-party farmers. The company, which reports the total fair value of its farmland holdings on a quarterly basis, currently owns 127 farms, consisting of approximately 94,000 acres in 13 different states, valued at approximately $1.0 billion.