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

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 $9.70 and traded as high as $12.01. Gladstone Land shares last traded at $11.84, with a volume of 510,938 shares traded.

Analyst Ratings Changes

A number of research analysts have recently commented on LAND shares. Weiss Ratings raised Gladstone Land from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Zacks Research cut Gladstone Land from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Wall Street Zen downgraded Gladstone Land from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.00.

Gladstone Land Trading Down 4.1%

The stock’s 50-day moving average price is $10.80 and its 200 day moving average price is $9.71. 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 firm has a market capitalization of $470.74 million, a PE ratio of -94.66, a price-to-earnings-growth ratio of 4.59 and a beta of 1.18.

Gladstone Land (NASDAQ:LAND) last announced its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.35). The firm had revenue of $41.45 million during the quarter, compared to analysts’ expectations of $32.07 million. Gladstone Land had a net margin of 15.31% and a return on equity of 2.01%. On average, sell-side analysts expect that Gladstone Land Corporation will post 0.52 EPS for the current fiscal year.

Gladstone Land Announces Dividend

The company 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 dividend of $0.0467 per share. The ex-dividend date is Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 4.9%. Gladstone Land’s dividend payout ratio (DPR) is currently -466.67%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its position 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 purchasing an additional 1,386 shares during the period. Strs Ohio bought a new position in shares of Gladstone Land during the first quarter valued at approximately $63,000. Russell Investments Group Ltd. boosted its stake in shares of 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 purchasing an additional 3,761 shares in the last quarter. Versant Capital Management Inc increased its holdings in Gladstone Land by 699.6% during 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 buying an additional 6,793 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in Gladstone Land by 348.1% during the second quarter. Tower Research Capital LLC TRC now owns 8,845 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 6,871 shares during the period. 53.60% of the stock is currently 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.