Gladstone Land (NASDAQ:LAND) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Gladstone Land Corporation (NASDAQ:LAND) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.01 and traded as low as $8.41. Gladstone Land shares last traded at $8.53, with a volume of 745,907 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LAND shares. Wall Street Zen downgraded 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 report on Thursday, May 14th. Finally, Weiss Ratings downgraded Gladstone Land from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.00.

Gladstone Land Stock Down 0.9%

The company’s 50 day moving average price is $9.33 and its two-hundred day moving average price is $10.01. The firm has a market cap of $367.96 million, a PE ratio of -13.98 and a beta of 1.06. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.70.

Gladstone Land (NASDAQ:LAND) last issued its quarterly earnings data on Monday, May 11th. The real estate investment trust reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $16.55 million for the quarter, compared to the consensus estimate of $14.20 million. On average, equities research analysts expect that Gladstone Land Corporation will post 0.45 EPS for the current fiscal year.

Gladstone Land Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.0467 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 6.6%. Gladstone Land’s dividend payout ratio (DPR) is -91.80%.

Institutional Investors Weigh In On Gladstone Land

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Optiver Holding B.V. boosted its position in shares of Gladstone Land by 345.2% in the first quarter. Optiver Holding B.V. now owns 2,493 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,933 shares during the period. Western Wealth Management LLC bought a new stake in Gladstone Land in the 1st quarter valued at $25,000. Parallel Advisors LLC lifted its stake in Gladstone Land by 40.1% in the 3rd quarter. Parallel Advisors LLC now owns 4,840 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 1,386 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Gladstone Land by 164.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,051 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 3,761 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Gladstone Land during the 1st quarter valued at about $63,000. 53.60% of the stock is owned by hedge funds and other 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.