Gladstone Land (NASDAQ:LAND) Rating Lowered to Hold at Zacks Research

Gladstone Land (NASDAQ:LAND) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

LAND has been the topic of several other reports. Wall Street Zen downgraded shares of Gladstone Land from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Alliance Global Partners reiterated a “neutral” rating on shares of Gladstone Land in a report on Tuesday, November 11th. iA Financial set a $10.00 target price on shares of Gladstone Land in a research note on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Gladstone Land in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.00.

Gladstone Land Stock Up 1.8%

NASDAQ LAND opened at $11.15 on Tuesday. The business has a fifty day moving average price of $9.62 and a 200 day moving average price of $9.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $415.56 million, a P/E ratio of -50.68, a P/E/G ratio of 5.37 and a beta of 1.22. Gladstone Land has a one year low of $8.47 and a one year high of $11.93.

Hedge Funds Weigh In On Gladstone Land

A number of hedge funds have recently modified their holdings of LAND. Parallel Advisors LLC raised its holdings in Gladstone Land by 40.1% in the 3rd quarter. Parallel Advisors LLC now owns 4,840 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 1,386 shares during the period. CWM LLC increased its position in shares of Gladstone Land by 116.0% during the second quarter. CWM LLC now owns 4,504 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 2,419 shares during the last quarter. Russell Investments Group Ltd. increased its position 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 acquiring an additional 3,761 shares during the last quarter. Strs Ohio purchased a new stake in shares of Gladstone Land in the 1st quarter valued at approximately $63,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Gladstone Land by 699.6% in the 3rd quarter. Versant Capital Management Inc now owns 7,764 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 6,793 shares during the last quarter. 53.60% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Land Company Profile

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.