Gladstone Land (NASDAQ:LAND) Stock Passes Below 200 Day Moving Average – Should You Sell?

Shares of Gladstone Land Corporation (NASDAQ:LAND) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.07 and traded as low as $9.44. Gladstone Land shares last traded at $9.48, with a volume of 565,089 shares traded.

Wall Street Analyst Weigh In

LAND has been the subject of a number of research analyst reports. Weiss Ratings lowered Gladstone Land from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered Gladstone Land from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Zacks Research lowered Gladstone Land from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, Lucid Cap Mkts raised Gladstone Land from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.00.

Gladstone Land Price Performance

The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.70. The business has a fifty day simple moving average of $10.11 and a 200 day simple moving average of $10.07. The stock has a market capitalization of $408.97 million, a P/E ratio of -15.54 and a beta of 1.07.

Gladstone Land (NASDAQ:LAND) last issued its quarterly earnings data 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). The company had revenue of $16.55 million for the quarter, compared to the consensus estimate of $14.20 million. Gladstone Land had a negative return on equity of 0.87% and a negative net margin of 6.68%. On average, analysts expect that Gladstone Land Corporation will post 0.45 earnings per share for the current year.

Gladstone Land Dividend Announcement

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

Institutional Trading of Gladstone Land

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LAND. Renaissance Technologies LLC bought a new stake in Gladstone Land during the 1st quarter worth approximately $5,165,000. Marshall Wace LLP bought a new stake in Gladstone Land during the 4th quarter worth approximately $2,476,000. PFG Investments LLC increased its holdings in Gladstone Land by 611.8% during the 4th quarter. PFG Investments LLC now owns 295,533 shares of the real estate investment trust’s stock worth $2,704,000 after purchasing an additional 254,015 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Gladstone Land by 1,521.9% during the 3rd quarter. NewEdge Advisors LLC now owns 266,414 shares of the real estate investment trust’s stock worth $2,440,000 after purchasing an additional 249,988 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Gladstone Land by 570.2% during the 3rd quarter. Millennium Management LLC now owns 283,538 shares of the real estate investment trust’s stock worth $2,597,000 after purchasing an additional 241,231 shares in the last quarter. 53.60% of the stock is owned by institutional investors.

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.