Gladstone Land (NASDAQ:LAND) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Gladstone Land Corporation (NASDAQ:LAND) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.70 and traded as high as $12.01. Gladstone Land shares last traded at $11.84, with a volume of 510,938 shares changing hands.

Analyst Ratings Changes

LAND has been the topic of a number of recent analyst reports. Zacks Research cut shares of Gladstone Land from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Wall Street Zen cut shares of Gladstone Land from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Finally, Weiss Ratings upgraded Gladstone Land from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.00.

Gladstone Land Stock Down 0.9%

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 stock has a market capitalization of $490.65 million, a price-to-earnings ratio of -98.66, a P/E/G ratio of 4.63 and a beta of 1.18. The firm’s fifty day simple moving average is $10.76 and its 200 day simple moving average is $9.70.

Gladstone Land (NASDAQ:LAND) last released its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported ($0.05) earnings per share 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 company had revenue of $41.45 million during the quarter, compared to analyst estimates of $32.07 million. On average, sell-side analysts forecast that Gladstone Land Corporation will post 0.52 earnings per share for the current year.

Gladstone Land Announces Dividend

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

Hedge Funds Weigh In On Gladstone Land

A number of large investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its holdings in shares of Gladstone Land by 16.5% in the third quarter. ProShare Advisors LLC now owns 698,201 shares of the real estate investment trust’s stock valued at $6,396,000 after purchasing an additional 98,781 shares in the last quarter. AlphaQuest LLC grew its holdings in shares of Gladstone Land by 648.7% during the third quarter. AlphaQuest LLC now owns 60,931 shares of the real estate investment trust’s stock worth $558,000 after buying an additional 52,793 shares in the last quarter. Accordant Advisory Group Inc raised its position in Gladstone Land by 4.4% in the 2nd quarter. Accordant Advisory Group Inc now owns 259,580 shares of the real estate investment trust’s stock valued at $2,640,000 after buying an additional 10,897 shares during the last quarter. Farther Finance Advisors LLC raised its position in Gladstone Land by 58,781.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 98,332 shares of the real estate investment trust’s stock valued at $901,000 after buying an additional 98,165 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in Gladstone Land by 37.5% in the 3rd quarter. Ballentine Partners LLC now owns 54,827 shares of the real estate investment trust’s stock valued at $502,000 after acquiring an additional 14,962 shares in the last quarter. Institutional investors own 53.60% of the company’s stock.

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.