Gladstone Land (NASDAQ:LAND) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Gladstone Land Corporation (NASDAQ:LAND) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.58 and traded as high as $12.20. Gladstone Land shares last traded at $12.03, with a volume of 608,632 shares trading hands.

Analyst Ratings Changes

LAND has been the subject of several recent research reports. iA Financial set a $10.00 price objective on Gladstone Land in a research report on Tuesday, November 11th. Zacks Research lowered shares of Gladstone Land from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Wall Street Zen lowered shares of Gladstone Land from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Alliance Global Partners reaffirmed a “neutral” rating on shares of Gladstone Land in a research note on Tuesday, November 11th. Finally, Weiss Ratings upgraded shares of Gladstone Land from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.00.

Gladstone Land Stock Up 0.1%

The stock has a market cap of $498.52 million, a PE ratio of -100.24, a PEG ratio of 5.89 and a beta of 1.18. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The company has a 50 day moving average price of $10.41 and a two-hundred day moving average price of $9.58.

Gladstone Land (NASDAQ:LAND) last released its quarterly earnings data 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). Gladstone Land had a net margin of 15.31% and a return on equity of 2.01%. The business had revenue of $41.45 million for the quarter, compared to analysts’ expectations of $32.07 million. Analysts expect that Gladstone Land Corporation will post 0.52 EPS for the current year.

Gladstone Land Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be paid a $0.0467 dividend. The ex-dividend date is Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. Gladstone Land’s payout ratio is currently -466.67%.

Institutional Investors Weigh In On Gladstone Land

Several institutional investors and hedge funds have recently added to or reduced their stakes in LAND. Parallel Advisors LLC raised its stake in Gladstone Land by 40.1% during 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 during the last quarter. CWM LLC grew its holdings in shares of Gladstone Land by 116.0% in the second quarter. CWM LLC now owns 4,504 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 2,419 shares during the period. Russell Investments Group Ltd. increased its position in Gladstone Land by 164.2% during the third quarter. Russell Investments Group Ltd. now owns 6,051 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 3,761 shares during the last quarter. Strs Ohio purchased a new stake in Gladstone Land during the first quarter valued at $63,000. Finally, Versant Capital Management Inc lifted its holdings in Gladstone Land by 699.6% in the third quarter. Versant Capital Management Inc now owns 7,764 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 6,793 shares during the period. Hedge funds and other institutional investors own 53.60% of the company’s stock.

Gladstone Land Company Profile

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.