Gladstone Land (NASDAQ:LAND) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Gladstone Land (NASDAQ:LAND) from a strong-buy rating to a hold rating in a report released on Tuesday,Zacks.com reports.

Other analysts have also issued reports about the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gladstone Land in a research report on Monday, December 29th. Alliance Global Partners reiterated a “neutral” rating on shares of Gladstone Land in a report on Tuesday, November 11th. iA Financial set a $10.00 price target on Gladstone Land in a research report on Tuesday, November 11th. Finally, Wall Street Zen downgraded Gladstone Land from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $10.00.

Gladstone Land Stock Down 2.9%

Gladstone Land stock opened at $10.83 on Tuesday. Gladstone Land has a fifty-two week low of $8.47 and a fifty-two week high of $11.93. The firm has a market capitalization of $403.63 million, a price-to-earnings ratio of -49.23, a price-to-earnings-growth ratio of 5.47 and a beta of 1.22. The stock’s fifty day moving average is $9.65 and its two-hundred day moving average is $9.33. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.13 and a current ratio of 1.13.

Gladstone Land Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be paid a $0.0467 dividend. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Monday, March 23rd. Gladstone Land’s dividend payout ratio (DPR) is presently -254.55%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Parallel Advisors LLC grew its holdings in Gladstone Land by 40.1% in the third quarter. Parallel Advisors LLC now owns 4,840 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 1,386 shares during the period. CWM LLC boosted its holdings in shares of Gladstone Land by 116.0% in the 2nd quarter. CWM LLC now owns 4,504 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 2,419 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Gladstone Land by 164.2% during 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 during the period. Strs Ohio acquired a new stake in shares of Gladstone Land during the 1st quarter worth $63,000. Finally, Versant Capital Management Inc increased its holdings in shares of Gladstone Land by 699.6% during the 3rd quarter. Versant Capital Management Inc now owns 7,764 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 6,793 shares during the last quarter. 53.60% of the stock is currently owned by hedge funds and other 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.