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

Gladstone Land Corporation (NASDAQ:LAND) shares passed 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.

Analyst Upgrades and Downgrades

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

Gladstone Land Price Performance

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

Gladstone Land (NASDAQ:LAND) last posted its quarterly earnings data on Monday, May 11th. The real estate investment trust reported ($0.24) earnings per share for the quarter, missing the consensus estimate 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. Equities research analysts forecast that Gladstone Land Corporation will post 0.45 EPS for the current fiscal year.

Gladstone Land Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be given a $0.0467 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 5.9%. Gladstone Land’s dividend payout ratio (DPR) is -91.80%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LAND. Renaissance Technologies LLC bought a new position in shares of Gladstone Land in the 1st quarter worth about $5,165,000. Marshall Wace LLP bought a new position in shares of Gladstone Land in the 4th quarter worth about $2,476,000. PFG Investments LLC raised its position in shares of Gladstone Land by 611.8% in the 4th quarter. PFG Investments LLC now owns 295,533 shares of the real estate investment trust’s stock worth $2,704,000 after acquiring an additional 254,015 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Gladstone Land by 1,521.9% in the 3rd quarter. NewEdge Advisors LLC now owns 266,414 shares of the real estate investment trust’s stock worth $2,440,000 after acquiring an additional 249,988 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Gladstone Land by 570.2% in the 3rd quarter. Millennium Management LLC now owns 283,538 shares of the real estate investment trust’s stock worth $2,597,000 after acquiring an additional 241,231 shares in the last quarter. 53.60% of the stock is owned by institutional investors.

Gladstone Land Company Profile

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.