Gladstone Land Corporation (NASDAQ:LAND) Receives Average Recommendation of “Hold” from Analysts

Gladstone Land Corporation (NASDAQ:LANDGet Free Report) has been given an average rating of “Hold” by the five research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $10.00.

LAND has been the topic of a number of research analyst reports. Zacks Research lowered Gladstone Land from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Weiss Ratings lowered Gladstone Land from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Finally, Lucid Cap Mkts upgraded Gladstone Land from a “hold” rating to a “strong-buy” rating in a research note on Thursday.

View Our Latest Analysis on LAND

Gladstone Land Trading Down 0.9%

NASDAQ:LAND opened at $9.44 on Friday. Gladstone Land has a 52 week low of $8.47 and a 52 week high of $13.00. The firm has a 50 day moving average of $10.48 and a 200 day moving average of $10.05. The company has a quick ratio of 1.24, a current ratio of 0.47 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $407.24 million, a price-to-earnings ratio of -15.48 and a beta of 1.07.

Gladstone Land (NASDAQ:LANDGet Free Report) last posted its earnings results on Monday, May 11th. The real estate investment trust reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). Gladstone Land had a negative net margin of 6.68% and a negative return on equity of 0.87%. The firm had revenue of $16.55 million for the quarter, compared to analysts’ expectations of $14.20 million. As a group, sell-side analysts anticipate that Gladstone Land will post 0.43 earnings per share for the current fiscal year.

Gladstone Land Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of $0.0467 per share. The ex-dividend date is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. Gladstone Land’s payout ratio is presently -91.80%.

Hedge Funds Weigh In On Gladstone Land

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC raised its stake in Gladstone Land by 16.5% in the 3rd quarter. ProShare Advisors LLC now owns 698,201 shares of the real estate investment trust’s stock worth $6,396,000 after acquiring an additional 98,781 shares during the last quarter. AlphaQuest LLC raised its stake in Gladstone Land by 648.7% in the 3rd quarter. AlphaQuest LLC now owns 60,931 shares of the real estate investment trust’s stock worth $558,000 after acquiring an additional 52,793 shares during the last quarter. PFG Investments LLC raised its stake in Gladstone Land by 611.8% in the 4th quarter. PFG Investments LLC now owns 295,533 shares of the real estate investment trust’s stock worth $2,704,000 after acquiring an additional 254,015 shares during the last quarter. Resona Asset Management Co. Ltd. raised its stake in Gladstone Land by 14.3% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 15,378 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 1,927 shares during the last quarter. Finally, Corient Private Wealth LLC purchased a new position in Gladstone Land in the 4th quarter worth $114,000. Hedge funds and other institutional investors own 53.60% of the company’s stock.

Gladstone Land Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Gladstone Land (NASDAQ:LAND)

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