Schwarz Dygos Wheeler Investment Advisors LLC Trims Holdings in Gladstone Land Co. (NASDAQ:LAND)

Schwarz Dygos Wheeler Investment Advisors LLC trimmed its position in Gladstone Land Co. (NASDAQ:LAND) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 169,349 shares of the real estate investment trust’s stock after selling 3,316 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Gladstone Land were worth $2,447,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. OneAscent Financial Services LLC acquired a new stake in Gladstone Land during the fourth quarter worth about $170,000. Millburn Ridgefield Corp acquired a new stake in Gladstone Land during the third quarter worth about $172,000. Catalyst Capital Advisors LLC grew its holdings in Gladstone Land by 28.6% during the third quarter. Catalyst Capital Advisors LLC now owns 12,064 shares of the real estate investment trust’s stock worth $172,000 after acquiring an additional 2,685 shares during the period. Atria Wealth Solutions Inc. grew its holdings in Gladstone Land by 34.5% during the third quarter. Atria Wealth Solutions Inc. now owns 14,675 shares of the real estate investment trust’s stock worth $209,000 after acquiring an additional 3,765 shares during the period. Finally, Mutual Advisors LLC acquired a new stake in Gladstone Land during the fourth quarter worth about $211,000. 53.60% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Land Price Performance

LAND traded up $0.04 during trading on Friday, hitting $12.68. The company’s stock had a trading volume of 108,262 shares, compared to its average volume of 176,392. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.80. Gladstone Land Co. has a twelve month low of $12.31 and a twelve month high of $17.48. The business’s fifty day simple moving average is $12.99 and its 200 day simple moving average is $13.73.

Gladstone Land Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be issued a $0.0466 dividend. This represents a $0.56 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend is Tuesday, June 18th. Gladstone Land’s payout ratio is currently -207.41%.

Gladstone Land Profile

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.