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Gladstone Land Corp (NASDAQ:LAND)’s share price reached a new 52-week low during trading on Monday , American Banking reports. The stock traded as low as $11.07 and last traded at $11.31, with a volume of 13,562 shares trading hands. The stock had previously closed at $11.34.

A number of research firms have recently commented on LAND. Analysts at JMP Securities reiterated a “market outperform” rating on shares of Gladstone Land Corp in a research note on Wednesday, May 7th. They now have a $14.50 price target on the stock, down previously from $15.50. Separately, 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. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $16.08.

The stock’s 50-day moving average is $12.64 and its 200-day moving average is $14.29. The company’s market cap is $74.2 million.

Gladstone Land Corp (NASDAQ:LAND) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Gladstone Land Corp will post $0.09 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which is scheduled for Friday, May 30th. Stockholders 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 3.17%. The ex-dividend date of this dividend is Friday, May 16th.

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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