Gladstone Land (LAND) Downgraded by JMP Securities

Gladstone Land (NASDAQ:LAND) was downgraded by stock analysts at JMP Securities from a “market perform” rating to an “underperform” rating in a research note issued to investors on Monday, Marketbeat reports.

A number of other equities research analysts also recently issued reports on LAND. Zacks Investment Research upgraded shares of Gladstone Land from a “sell” rating to a “hold” rating in a research report on Saturday, September 22nd. ValuEngine upgraded shares of Gladstone Land from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st.

LAND stock opened at $11.33 on Monday. Gladstone Land has a 12-month low of $11.12 and a 12-month high of $13.85. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market capitalization of $186.78 million, a price-to-earnings ratio of 20.23 and a beta of 1.05.

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Gladstone Land by 1,121.7% in the 2nd quarter. BlackRock Inc. now owns 649,563 shares of the real estate investment trust’s stock worth $8,229,000 after buying an additional 596,396 shares in the last quarter. Northern Trust Corp lifted its position in Gladstone Land by 175.6% in the 2nd quarter. Northern Trust Corp now owns 170,666 shares of the real estate investment trust’s stock worth $2,162,000 after buying an additional 108,748 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Gladstone Land by 70.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 80,239 shares of the real estate investment trust’s stock worth $1,017,000 after buying an additional 33,119 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Gladstone Land by 54.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 30,881 shares of the real estate investment trust’s stock worth $381,000 after buying an additional 10,901 shares in the last quarter. Finally, Brookfield Asset Management Inc. lifted its position in Gladstone Land by 8.0% in the 3rd quarter. Brookfield Asset Management Inc. now owns 107,700 shares of the real estate investment trust’s stock worth $1,329,000 after buying an additional 8,000 shares in the last quarter. Institutional investors own 32.61% of the company’s stock.

About Gladstone Land

Gladstone Land is a publicly-traded real estate investment trust that invests in farmland and farm-related properties located in major agricultural markets in the U.S., which it leases to unrelated third-party farmers. The Company reports the current fair value of its farmland on a quarterly basis; as of September 30, 2018, the estimated net asset value of the Company was $13.79 per share.

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