Gladstone Land (NASDAQ:LAND) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of Gladstone Land Corporation (NASDAQ:LAND) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.29 and traded as high as $10.44. Gladstone Land shares last traded at $10.44, with a volume of 2,100,399 shares changing hands.

Analysts Set New Price Targets

LAND has been the subject of several research reports. Wall Street Zen lowered shares of Gladstone Land from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Industrial Alliance Securities set a $10.00 target price on shares of Gladstone Land in a report on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gladstone Land in a research report on Monday, December 29th. Zacks Research raised shares of Gladstone Land from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Alliance Global Partners restated a “neutral” rating on shares of Gladstone Land in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Gladstone Land presently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Gladstone Land Stock Performance

The company has a market cap of $389.10 million, a PE ratio of -47.45, a PEG ratio of 4.39 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $9.30 and its two-hundred day moving average is $9.29.

Gladstone Land (NASDAQ:LAND) last posted its quarterly 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 business had revenue of $17.79 million for the quarter, compared to analysts’ expectations of $15.08 million. Gladstone Land had a return on equity of 1.46% and a net margin of 14.50%. On average, equities research analysts anticipate that Gladstone Land Corporation will post 0.52 EPS for the current year.

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) annualized dividend and a yield of 5.4%. The ex-dividend date is Monday, March 23rd. Gladstone Land’s dividend payout ratio is presently -254.55%.

Hedge Funds Weigh In On Gladstone Land

Several hedge funds have recently modified their holdings of LAND. CWM LLC grew its stake in Gladstone Land by 116.0% during the second quarter. CWM LLC now owns 4,504 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 2,419 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of 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 purchasing an additional 1,386 shares during the last quarter. Strs Ohio purchased a new position in shares of Gladstone Land during the first quarter valued at about $63,000. Russell Investments Group Ltd. increased its holdings in shares of Gladstone Land by 164.2% in the third quarter. Russell Investments Group Ltd. now owns 6,051 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 3,761 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of 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 worth $71,000 after buying an additional 6,793 shares in the last quarter. 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.