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Gladstone Land Corp (NASDAQ:LAND)‘s stock had its “market outperform” rating reiterated by analysts at JMP Securities in a research report issued to clients and investors on Wednesday, StockRatingsNetwork reports. They currently have a $14.50 target price on the stock, down from their previous target price of $15.50. JMP Securities’ price target indicates a potential upside of 22.26% from the company’s current price.

Gladstone Land Corp (NASDAQ:LAND) traded down 1.66% on Wednesday, hitting $11.86. The stock had a trading volume of 65,223 shares. Gladstone Land Corp has a 1-year low of $11.75 and a 1-year high of $18.156. The stock’s 50-day moving average is $13.1 and its 200-day moving average is $14.55. The company’s market cap is $77.4 million.

Gladstone Land Corp (NASDAQ:LAND) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.02. The company had revenue of $1.50 million for the quarter, compared to the consensus estimate of $1.49 million. Analysts expect that Gladstone Land Corp will post $0.17 EPS for the current fiscal year.

The company also recently declared a monthly dividend, which is scheduled for Friday, May 30th. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Friday, May 16th.

A number of other firms have also recently commented on LAND. Analysts at Ladenburg Thalmann cut their price target on shares of Gladstone Land Corp from $18.00 to $16.00 in a research note on Thursday, February 27th. 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, February 26th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $16.08.

Gladstone Land Corporation is an externally-managed real estate company formed to invest in farmland located in agricultural markets throughout the United States.

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