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Research analysts at JMP Securities lowered their price target on shares of Gladstone Land Corp (NASDAQ:LAND) from $19.00 to $15.50 in a report released on Wednesday, American Banking News reports. JMP Securities’ price objective suggests a potential upside of 27.36% from the company’s current price.

Gladstone Land Corp (NASDAQ:LAND) traded up 1.23% on Wednesday, hitting $12.3199. 1,417 shares of the company’s stock traded hands. Gladstone Land Corp has a 52 week low of $11.75 and a 52 week high of $18.739. The stock’s 50-day moving average is $13.92 and its 200-day moving average is $15.7. The company has a market cap of $80.4 million and a price-to-earnings ratio of 196.29.

Gladstone Land Corp (NASDAQ:LAND) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $1.18 million for the quarter, compared to the consensus estimate of $1.09 million. Analysts expect that Gladstone Land Corp will post $0.21 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Maxim Group cut their price target on shares of Gladstone Land Corp from $19.00 to $17.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of Gladstone Land Corp from a “sell” rating to a “hold” rating in a research note on Monday. Finally, analysts at Zacks upgraded shares of Gladstone Land Corp from an “underperform” rating to a “neutral” rating in a research note on Friday, November 29th. They now have a $16.80 price target on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $16.46.

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