Gladstone Land (NASDAQ:LAND) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Gladstone Land Corporation (NASDAQ:LAND) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.06 and traded as low as $8.97. Gladstone Land shares last traded at $9.00, with a volume of 679,665 shares traded.

Analysts Set New Price Targets

LAND has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Gladstone Land from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Weiss Ratings downgraded shares of Gladstone Land from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Finally, Lucid Cap Mkts raised shares of Gladstone Land from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. 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.com, the company has an average rating of “Hold” and a consensus price target of $10.00.

Gladstone Land Price Performance

The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market cap of $388.26 million, a P/E ratio of -14.75 and a beta of 1.06. The firm has a 50 day moving average price of $9.78 and a two-hundred day moving average price of $10.06.

Gladstone Land (NASDAQ:LAND) last issued its earnings results on Monday, May 11th. The real estate investment trust reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). The business 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 predict that Gladstone Land Corporation will post 0.45 EPS for the current fiscal year.

Gladstone Land Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be issued a $0.0467 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 6.2%. Gladstone Land’s dividend payout ratio (DPR) is -91.80%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. ProShare Advisors LLC boosted its holdings in Gladstone Land by 16.5% in the 3rd quarter. ProShare Advisors LLC now owns 698,201 shares of the real estate investment trust’s stock worth $6,396,000 after buying an additional 98,781 shares during the period. PFG Investments LLC boosted its holdings in 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 buying an additional 254,015 shares during the period. GSA Capital Partners LLP boosted its holdings in Gladstone Land by 177.6% in the 4th quarter. GSA Capital Partners LLP now owns 239,733 shares of the real estate investment trust’s stock worth $2,194,000 after buying an additional 153,375 shares during the period. Comprehensive Money Management Services LLC boosted its holdings in Gladstone Land by 28.5% in the 1st quarter. Comprehensive Money Management Services LLC now owns 30,816 shares of the real estate investment trust’s stock worth $314,000 after buying an additional 6,840 shares during the period. Finally, Fund Advisors of America Inc FL bought a new position in Gladstone Land in the 4th quarter worth approximately $274,000. 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.