Gladstone Land Corporation is an agricultural real estate investment trust, rooted with a solid foundation to keep the business standing tall and yielding positive results. One of their many investors, Kovack Advisors Inc., recently purchased its newest stake in Gladstone shares during the fourth quarter, according to the company’s most recent disclosure with the SEC. The SEC states that Kovack Advisors purchased 11,836 shares of Gladstone Land’s stock valued at approximately $217,000.
Founded by David Gladstone on June 14th in 1997, Gladstone specializes in owning and leasing farmland and farm-related facilities such as cooling facilities, packinghouses, processing facilities, and storage facilities. With headquarters situated in McLean, VA – this business has brought profits year after year for its stakeholders.
Investors rejoice because another monthly dividend was recently announced by Gladstone. On June 30th (Friday), holders of record on June 21st will receive a dividend payout worth $0.046 per share held. This represents an annualized dividend yield of 3.20% equating to $0.55 per annum for shareholders to enjoy.
Mark your calendars because the ex-dividend date for this payout is illustrated to be on Tuesday, June 20th – meaning anyone who buys shares from this date onwards will not be considered eligible for this specific round of dividends at hand.
The situation here takes an interesting turn when we examine the payout ratio which stands out given it is -117.02%, however let us assure you that there isn’t cause for panic or concern regarding those figures; businesses can in fact give out more dividends than they make if they have reserves from previous years’ earnings saved up.
In conclusion: Although investing comes with inherent risks like any other business venture, Gladstone Land Corporation continues to produce positive outcomes for its investors time and time again without disappointment – making them a trustworthy entity for individuals seeking scope within the business ecosystem.
Gladstone Land Corporation
LAND
Buy
Updated on: 19/06/2023
Social Sentiments
2:00 PM (UTC)
Date:18 June, 2023
0
Twitter Sentiment
0.5
Stocktwits Sentiment
Show more
Analyst Ratings
There are no analysts data to display
Institutional Investors Increase Stakes in Gladstone Land Corporation, Specializing in Farmland REITs
Gladstone Land Corporation, the real estate investment trust (REIT) specializing in owning and managing farmland across the United States — saw institutional investors boost their stakes in the company as of Q4 2023. The likes of Lazard Asset Management LLC, MinichMacGregor Wealth Management LLC, Belpointe Asset Management LLC, Heritage Wealth Management LLC and Money Concepts Capital Corp all increased their shares in Gladstone Land during this period.
Institutional investors now own around 45.31% of Gladstone Land’s stock. This figure comes following a series of adjustments to ownership in Q4 2023 — most notably with Heritage Wealth Management LLC upping its stake by 100% to become one of Gladstone’s larger stakeholders.
Shares opened at $17.24 on Friday; the company currently has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.82. The stock has a market capitalization value of $615.71m which provides Gladstone Land with an enticing foundation from which they can expand their portfolio.
Analysts have offered their opinions regarding Gladstone Land’s recent changes too; numerous financial groups have commented on LAND shares citing notable rises and falls over the course of last quarter. Notably, EF Hutton Acquisition Co., Oppenheimer and B Riley voiced various opinions on how potential trajectories could shape up for future investments in the corporation.
Despite facing criticism over flippant prices during May – partly due to disappointing agricultural reports – it remains likely that investors’ accelerated interest in falling marijuana stocks may result in those funds being protected by investments elsewhere, such as commodities like farmland.
Growth projections highlight promising opportunities for Gladstone Land although some caution will be necessary until overall market fluctuations become clearer.