Gladstone Land (NASDAQ:LAND) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Gladstone Land Corporation (NASDAQ:LAND) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.50 and traded as high as $9.58. Gladstone Land shares last traded at $9.43, with a volume of 744,283 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Gladstone Land in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.00.

Gladstone Land Trading Down 1.3%

The company has a debt-to-equity ratio of 0.72, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $406.81 million, a PE ratio of -17.15 and a beta of 1.09. The company’s 50 day moving average price is $8.82 and its 200 day moving average price is $9.50.

Gladstone Land (NASDAQ:LAND) last announced its earnings results on Tuesday, August 11th. The real estate investment trust reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.06). The business had revenue of $12.69 million for the quarter, compared to analysts’ expectations of $12.28 million. Gladstone Land had a negative return on equity of 0.96% and a negative net margin of 7.31%. As a group, analysts forecast that Gladstone Land Corporation will post 0.48 EPS for the current fiscal year.

Gladstone Land Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.0467 dividend. The ex-dividend date is Monday, September 21st. This represents a c) dividend on an annualized basis and a yield of 5.9%. Gladstone Land’s dividend payout ratio (DPR) is -101.82%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Compass Financial Management LLC acquired a new stake in Gladstone Land in the 2nd quarter valued at about $5,499,000. Bank of New York Mellon Corp purchased a new stake in shares of Gladstone Land during the second quarter worth approximately $1,037,000. Renaissance Technologies LLC purchased a new stake in shares of Gladstone Land during the first quarter worth approximately $5,165,000. BlackRock Inc. acquired a new stake in Gladstone Land in the second quarter valued at approximately $29,231,000. Finally, Deutsche Bank AG acquired a new stake in Gladstone Land in the second quarter valued at approximately $622,000. 53.60% of the stock is owned by institutional investors and hedge funds.

Gladstone Land Company Profile

Gladstone Land Corporation is a real estate investment trust that owns and manages farmland in the United States. The company primarily acquires agricultural properties and leases them to farming operators under long-term agreements, generally structured to provide the company with rental income while tenants manage day-to-day agricultural operations.

Its portfolio includes farms used to grow a variety of specialty crops, such as fruits, vegetables, and nuts, as well as row crops and other agricultural products.