Gladstone Land (NASDAQ:LAND) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Gladstone Land Corporation (NASDAQ:LAND) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.35 and traded as low as $9.26. Gladstone Land shares last traded at $9.44, with a volume of 594,127 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LAND shares. Zacks Research cut Gladstone Land from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Alliance Global Partners reissued a “neutral” rating on shares of Gladstone Land in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Gladstone Land in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Gladstone Land from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Finally, Industrial Alliance Securities set a $10.00 price objective on shares of Gladstone Land in a report on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.00.

Gladstone Land Stock Performance

The company has a 50 day moving average of $9.16 and a two-hundred day moving average of $9.35. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $351.83 million, a PE ratio of -42.91, a PEG ratio of 4.19 and a beta of 1.19.

Gladstone Land (NASDAQ:LAND) last announced its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. The firm had revenue of $17.79 million for the quarter, compared to analysts’ expectations of $15.08 million. Gladstone Land had a net margin of 14.50% and a return on equity of 1.46%. As a group, equities research analysts predict that Gladstone Land Corporation will post 0.52 earnings per share for the current year.

Gladstone Land Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a dividend of $0.0467 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. Gladstone Land’s dividend payout ratio (DPR) is currently -254.55%.

Institutional Trading of Gladstone Land

A number of hedge funds have recently made changes to their positions in LAND. Vanguard Group Inc. increased its position in Gladstone Land by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 3,420,619 shares of the real estate investment trust’s stock valued at $31,333,000 after buying an additional 25,808 shares in the last quarter. Amundi grew its stake in shares of Gladstone Land by 2.6% in the third quarter. Amundi now owns 1,182,821 shares of the real estate investment trust’s stock worth $10,841,000 after acquiring an additional 29,962 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Gladstone Land by 1.3% during the second quarter. Geode Capital Management LLC now owns 943,298 shares of the real estate investment trust’s stock valued at $9,595,000 after acquiring an additional 12,251 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Gladstone Land by 16.5% in the 3rd quarter. ProShare Advisors LLC now owns 698,201 shares of the real estate investment trust’s stock worth $6,396,000 after purchasing an additional 98,781 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Gladstone Land by 5.9% in the first quarter. Goldman Sachs Group Inc. now owns 407,183 shares of the real estate investment trust’s stock worth $4,284,000 after buying an additional 22,557 shares during the last quarter. 53.60% of the stock is owned by institutional investors.

About Gladstone Land

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.