Gladstone Land (NASDAQ:LAND) Stock Price 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 Wednesday . The stock has a 200-day moving average of $10.06 and traded as low as $9.18. Gladstone Land shares last traded at $9.19, with a volume of 578,125 shares traded.

Analysts Set New Price Targets

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

Gladstone Land Price Performance

The company has a 50 day simple moving average of $9.90 and a 200-day simple moving average of $10.06. The stock has a market cap of $396.46 million, a price-to-earnings ratio of -15.07 and a beta of 1.06. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.70.

Gladstone Land (NASDAQ:LAND) last announced its quarterly earnings data on Monday, May 11th. The real estate investment trust reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.02). Gladstone Land had a negative net margin of 6.68% and a negative return on equity of 0.87%. The firm had revenue of $16.55 million for the quarter, compared to analyst estimates of $14.20 million. As a group, research analysts anticipate that Gladstone Land Corporation will post 0.45 EPS for the current fiscal year.

Gladstone Land Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a dividend of $0.0467 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 6.1%. Gladstone Land’s dividend payout ratio is -91.80%.

Hedge Funds Weigh In On Gladstone Land

Several institutional investors have recently made changes to their positions in LAND. AQR Capital Management LLC grew its holdings in shares of Gladstone Land by 12.1% during the first quarter. AQR Capital Management LLC now owns 35,991 shares of the real estate investment trust’s stock valued at $379,000 after purchasing an additional 3,889 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Gladstone Land by 5.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 407,183 shares of the real estate investment trust’s stock valued at $4,284,000 after purchasing an additional 22,557 shares in the last quarter. Jane Street Group LLC boosted its stake in Gladstone Land by 141.1% during the 1st quarter. Jane Street Group LLC now owns 108,843 shares of the real estate investment trust’s stock valued at $1,145,000 after purchasing an additional 63,702 shares in the last quarter. Acadian Asset Management LLC bought a new position in Gladstone Land during the 1st quarter valued at $273,000. Finally, Strs Ohio bought a new position in Gladstone Land during the 1st quarter valued at $63,000. 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.