BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) Short Interest Update

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LNDGet Rating) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 67,300 shares, an increase of 79.0% from the April 30th total of 37,600 shares. Based on an average trading volume of 110,200 shares, the days-to-cover ratio is presently 0.6 days.

Shares of LND opened at $6.68 on Friday. The stock has a 50-day moving average of $6.87 and a two-hundred day moving average of $5.87. BrasilAgro – Companhia Brasileira de Propriedades Agrícolas has a one year low of $4.26 and a one year high of $9.82. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.03 and a current ratio of 4.91. The stock has a market cap of $414.85 million, a P/E ratio of 6.02 and a beta of 0.85.

The business also recently disclosed a Semi-Annual dividend, which was paid on Monday, May 9th. Shareholders of record on Monday, April 18th were paid a dividend of $0.404 per share. The ex-dividend date of this dividend was Thursday, April 14th. BrasilAgro – Companhia Brasileira de Propriedades Agrícolas’s payout ratio is currently 70.27%.

Separately, StockNews.com cut BrasilAgro – Companhia Brasileira de Propriedades Agrícolas from a “buy” rating to a “hold” rating in a research report on Saturday.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas during the 1st quarter valued at about $46,000. Commonwealth Equity Services LLC raised its stake in shares of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas by 49.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 39,678 shares of the company’s stock valued at $214,000 after buying an additional 13,208 shares during the last quarter. Sigma Planning Corp purchased a new position in shares of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas during the 1st quarter valued at about $110,000. FCA Corp TX purchased a new position in shares of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas in the 4th quarter valued at about $94,000. Finally, Spire Wealth Management increased its stake in shares of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas by 22.9% in the 4th quarter. Spire Wealth Management now owns 101,475 shares of the company’s stock valued at $548,000 after purchasing an additional 18,930 shares in the last quarter. Institutional investors and hedge funds own 0.67% of the company’s stock.

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas Company Profile (Get Rating)

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas engages in the acquisition, development, exploration, and sale of rural properties suitable for agricultural activities in Brazil. The company operates through six segments: Real Estate, Grains, Sugarcane, Cattle Raising, Cotton, and Other. It is involved in the cultivation of soybean, corn, sorghum, and cotton, as well as sugarcane; and production and sale of beef calves after weaning.

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