Separately, Zacks Investment Research downgraded shares of Gladstone Land Corp from a "hold" rating to a "sell" rating in a research report on Tuesday, November 22nd.
02/20/2014 - Gladstone Commercial Corporation was downgraded to "neutral" by analysts at Ladenburg Thalmann. The company acquires and leases farmland to corporate and independent farmers. (NASDAQ:GAIN) traded up 1.45% on Friday, reaching $9.12. It has a 52-week low of 6.65 and a 52-week high of 9.36. The company has a market capitalization of $111.77 million, a PE ratio of 247.78 and a beta of 0.98. The last stock price is up 3.04% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period.
This marks the 96th quarter that GLAD has paid the same dividend. Shareholders of record on Thursday, February 16th were given a dividend of $0.0625 per share. This represents a $0.52 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Monday, March 20th. Gladstone Land Corp's payout ratio is now 742.86%.
The share price of Gladstone Capital Corporation (NASDAQ:GLAD) was up +1.44% during the last trading session, with a day high of 9.21. The stock was bought at an average cost of $8.65 per share, for a total transaction of $77,850.00. Following the acquisition, the chief executive officer now owns 621,973 shares in the company, valued at $5,411,165.10. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Following the acquisition, the president now directly owns 75,316 shares in the company, valued at $651,483.40. Institutional investors own 19.39% of the company's stock. Acrospire Investment Management LLC acquired a new stake in Gladstone Investment during the third quarter valued at approximately $110,000. LLC now owns 31,700 shares of the company's stock worth $336,000 after buying an additional 8,500 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Gladstone Land Corp by 1.9% in the fourth quarter. Advisors Asset Management Inc. now owns 658,627 shares of the investment management company's stock valued at $5,855,000 after buying an additional 120,703 shares during the last quarter. Royal Bank of Canada raised its stake in Gladstone Investment by 2.0% in the second quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Gladstone Land Corp by 2.1% in the third quarter. Royal Bank of Canada now owns 17,796 shares of the investment management company's stock valued at $127,000 after buying an additional 345 shares in the last quarter.
Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company is engaged in the business of owning and leasing farmland.
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