Gladstone Land Corporation (NASDAQ:LAND - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.99 and traded as low as $9.88. Gladstone Land shares last traded at $9.93, with a volume of 656,023 shares.
Analyst Ratings Changes
A number of research firms have recently weighed in on LAND. Zacks Research downgraded Gladstone Land from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 10th. Weiss Ratings raised Gladstone Land from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Gladstone Land presently has an average rating of "Hold" and an average target price of $10.00.
Read Our Latest Stock Analysis on LAND
Gladstone Land Price Performance
The company has a 50-day moving average of $10.95 and a 200 day moving average of $9.99. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $416.66 million, a P/E ratio of -82.74 and a beta of 1.23.
Gladstone Land (NASDAQ:LAND - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.35). The company had revenue of $41.45 million during the quarter, compared to analyst estimates of $32.07 million. Gladstone Land had a net margin of 15.31% and a return on equity of 2.01%. On average, sell-side analysts anticipate that Gladstone Land Corporation will post 0.43 EPS for the current year.
Gladstone Land Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a $0.0467 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 5.6%. Gladstone Land's payout ratio is currently -466.67%.
Institutional Trading of Gladstone Land
Several institutional investors have recently bought and sold shares of LAND. Parallel Advisors LLC boosted its stake in Gladstone Land by 40.1% in the 3rd quarter. Parallel Advisors LLC now owns 4,840 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 1,386 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Gladstone Land by 164.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 6,051 shares of the real estate investment trust's stock valued at $55,000 after buying an additional 3,761 shares in the last quarter. Strs Ohio acquired a new stake in Gladstone Land in the 1st quarter valued at $63,000. Versant Capital Management Inc boosted its stake in Gladstone Land by 699.6% in the 3rd quarter. Versant Capital Management Inc now owns 7,764 shares of the real estate investment trust's stock valued at $71,000 after buying an additional 6,793 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Gladstone Land by 348.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,845 shares of the real estate investment trust's stock valued at $90,000 after buying an additional 6,871 shares in the last quarter. Institutional investors and hedge funds own 53.60% of the company's stock.
About Gladstone Land
(
Get Free Report)
Gladstone Land Corporation NASDAQ: LAND is a publicly traded real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland in the United States. Established in 2013 and headquartered in Wayne, Pennsylvania, the company focuses on purchasing high-quality agricultural properties and leasing them to farmers under long‐term, triple‐net lease agreements. This model provides tenants with operational flexibility while generating stable, recurring rental income for investors.
The company's portfolio spans several key agricultural regions across the country, including California, the Midwest, and parts of the Southeast.
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