Gladstone Land (NASDAQ:LAND) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Gladstone Land Corporation (NASDAQ:LAND) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.01 and traded as low as $8.41. Gladstone Land shares last traded at $8.53, with a volume of 745,907 shares.

Analyst Ratings Changes

LAND has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Gladstone Land from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Lucid Cap Mkts upgraded Gladstone Land from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings lowered Gladstone Land from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Gladstone Land currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Gladstone Land Trading Up 0.2%

The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.70. The stock’s 50 day moving average is $9.27 and its 200-day moving average is $10.00. The company has a market cap of $373.16 million, a PE ratio of -14.18 and a beta of 1.06.

Gladstone Land (NASDAQ:LAND) last posted its earnings results on Monday, May 11th. The real estate investment trust reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). Gladstone Land had a negative return on equity of 0.87% and a negative net margin of 6.68%.The business had revenue of $16.55 million during the quarter, compared to the consensus estimate of $14.20 million. As a group, sell-side analysts anticipate that Gladstone Land Corporation will post 0.45 EPS for the current year.

Gladstone Land Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.0467 per share. The ex-dividend date was Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 6.5%. Gladstone Land’s dividend payout ratio is -91.80%.

Hedge Funds Weigh In On Gladstone Land

A number of institutional investors and hedge funds have recently modified their holdings of the stock. PFG Investments LLC lifted its position in Gladstone Land by 611.8% in the fourth quarter. PFG Investments LLC now owns 295,533 shares of the real estate investment trust’s stock worth $2,704,000 after buying an additional 254,015 shares during the last quarter. GSA Capital Partners LLP increased its position in Gladstone Land by 177.6% during the fourth quarter. GSA Capital Partners LLP now owns 239,733 shares of the real estate investment trust’s stock valued at $2,194,000 after acquiring an additional 153,375 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Gladstone Land in the fourth quarter valued at $97,000. Abel Hall LLC lifted its holdings in shares of Gladstone Land by 7.4% in the 1st quarter. Abel Hall LLC now owns 21,704 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 1,498 shares during the last quarter. Finally, Comprehensive Money Management Services LLC lifted its holdings in shares of Gladstone Land by 28.5% in the 1st quarter. Comprehensive Money Management Services LLC now owns 30,816 shares of the real estate investment trust’s stock worth $314,000 after acquiring an additional 6,840 shares during the last quarter. Hedge funds and other institutional investors own 53.60% of the company’s stock.

About Gladstone Land

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.