Gladstone Land (NASDAQ:LAND) Given Sell (D) Rating at Weiss Ratings

Key Points

• Gladstone Land (NASDAQ:LAND) has been given a "sell (d)" rating by Weiss Ratings, maintaining a negative outlook on its stock performance.
• Despite a mixed analyst outlook with one “Buy,” one “Hold,” and two “Sell” ratings, the stock has an average target price of $14.50, suggesting some potential for recovery.
• Institutional investors hold a significant stake, owning 53.60% of the company's shares, indicating confidence from larger financial entities despite the bearish ratings.

Gladstone Land (NASDAQ:LAND - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Zacks Research raised shares of Gladstone Land to a "strong sell" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $14.50.

Gladstone Land Trading Up 0.3%

Shares of LAND opened at $9.15 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.74. Gladstone Land has a 12-month low of $8.47 and a 12-month high of $13.85. The firm has a 50-day moving average price of $9.06 and a 200 day moving average price of $9.65. The firm has a market capitalization of $331.14 million, a P/E ratio of -20.80, a P/E/G ratio of 6.76 and a beta of 1.15.

Institutional Trading of Gladstone Land

Several hedge funds have recently made changes to their positions in LAND. ProShare Advisors LLC acquired a new stake in Gladstone Land during the second quarter worth approximately $6,096,000. Nuveen LLC acquired a new stake in Gladstone Land during the first quarter worth approximately $850,000. Accordant Advisory Group Inc raised its holdings in Gladstone Land by 38.7% during the first quarter. Accordant Advisory Group Inc now owns 248,683 shares of the real estate investment trust's stock worth $2,616,000 after purchasing an additional 69,328 shares in the last quarter. Jane Street Group LLC raised its holdings in Gladstone Land by 141.1% during the first quarter. Jane Street Group LLC now owns 108,843 shares of the real estate investment trust's stock worth $1,145,000 after purchasing an additional 63,702 shares in the last quarter. Finally, Invenomic Capital Management LP acquired a new stake in Gladstone Land during the first quarter worth approximately $638,000. Institutional investors and hedge funds own 53.60% of the company's stock.

About Gladstone Land

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.

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