Alejandro Gustavo Elsztain Buys 14,500 Shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Stock

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Alejandro Gustavo Elsztain acquired 14,500 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was purchased at an average price of $3.58 per share, with a total value of $51,910.00. Following the completion of the acquisition, the director directly owned 655,870 shares in the company, valued at approximately $2,348,014.60. This represents a 2.26% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Alejandro Gustavo Elsztain also recently made the following trade(s):

• On Thursday, June 25th, Alejandro Gustavo Elsztain acquired 14,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were purchased at an average cost of $3.52 per share, for a total transaction of $51,040.00.
• On Thursday, May 21st, Alejandro Gustavo Elsztain bought 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The stock was purchased at an average price of $3.82 per share, with a total value of $51,570.00.
• On Tuesday, May 19th, Alejandro Gustavo Elsztain bought 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The stock was purchased at an average price of $3.74 per share, with a total value of $50,490.00.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Up 0.6%

Shares of LND opened at $3.59 on Thursday. Brasilagro Cia Brasileira De Propriedades Agricolas has a 1 year low of $3.46 and a 1 year high of $4.45. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.47 and a quick ratio of 0.69. The stock has a 50 day simple moving average of $3.76 and a two-hundred day simple moving average of $3.88. The firm has a market cap of $368.62 million, a P/E ratio of -119.63 and a beta of 0.03.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LND shares. Weiss Ratings cut Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 23rd. Wall Street Zen downgraded Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Brasilagro Cia Brasileira De Propriedades Agricolas has an average rating of “Reduce”.

Institutional Investors Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

A number of large investors have recently added to or reduced their stakes in LND. EverSource Wealth Advisors LLC bought a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the second quarter valued at about $37,000. SmartHarvest Portfolios LLC bought a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter worth about $68,000. Banco BTG Pactual S.A. purchased a new position in Brasilagro Cia Brasileira De Propriedades Agricolas during the 4th quarter valued at about $265,000. Windmill Hill Asset Management Ltd raised its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% during the 4th quarter. Windmill Hill Asset Management Ltd now owns 141,796 shares of the company’s stock valued at $508,000 after purchasing an additional 70,898 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% during the 1st quarter. Renaissance Technologies LLC now owns 139,500 shares of the company’s stock valued at $590,000 after purchasing an additional 119,700 shares during the last quarter. Institutional investors own 1.15% of the company’s stock.

About Brasilagro Cia Brasileira De Propriedades Agricolas

Brasilagro Cia Brasileira De Propriedades Agrícolas is a Brazil-based agribusiness company focused on the acquisition, development and commercialization of agricultural land in key farming regions across the country. The company’s core activities include identifying undervalued or underutilized rural properties, implementing infrastructure improvements and modern farming practices, and either operating the land directly or selling it to third parties. Brasilagro’s land bank spans several states in Brazil, with holdings in Maranhão, Bahia, Tocantins, Goiás and Mato Grosso, among others.

In its agricultural operations, Brasilagro cultivates a variety of crops such as soybeans, corn and cotton, leveraging advances in crop genetics, irrigation and soil management to enhance productivity and sustainability.