Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Alejandro Gustavo Elsztain Purchases 14,500 Shares of Stock

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Alejandro Gustavo Elsztain acquired 14,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock in a transaction that occurred on Monday, June 29th. The shares were bought at an average price of $3.58 per share, with a total value of $51,910.00. Following the transaction, the director directly owned 655,870 shares in the company, valued at approximately $2,348,014.60. This trade represents a 2.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Alejandro Gustavo Elsztain also recently made the following trade(s):

• On Thursday, June 25th, Alejandro Gustavo Elsztain acquired 14,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were bought at an average price of $3.52 per share, with a total value of $51,040.00.
• On Thursday, May 21st, Alejandro Gustavo Elsztain acquired 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were bought at an average price of $3.82 per share, with a total value of $51,570.00.
• On Tuesday, May 19th, Alejandro Gustavo Elsztain bought 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The stock was bought at an average cost of $3.74 per share, for a total transaction of $50,490.00.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

LND stock opened at $3.58 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.69 and a current ratio of 1.47. The stock has a market capitalization of $367.59 million, a price-to-earnings ratio of -119.29 and a beta of 0.02. Brasilagro Cia Brasileira De Propriedades Agricolas has a 1 year low of $3.46 and a 1 year high of $4.45. The stock’s fifty day moving average is $3.76 and its two-hundred day moving average is $3.88.

Wall Street Analysts Forecast Growth

LND has been the topic of a number of recent analyst reports. Weiss Ratings cut Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 23rd. Wall Street Zen lowered Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

A number of institutional investors have recently made changes to their positions in LND. Renaissance Technologies LLC raised its holdings in Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% during the first quarter. Renaissance Technologies LLC now owns 139,500 shares of the company’s stock worth $590,000 after purchasing an additional 119,700 shares in the last quarter. SmartHarvest Portfolios LLC increased its position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 14.1% during the 1st quarter. SmartHarvest Portfolios LLC now owns 21,768 shares of the company’s stock valued at $92,000 after purchasing an additional 2,691 shares during the period. Banco BTG Pactual S.A. acquired a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the 4th quarter valued at $265,000. Windmill Hill Asset Management Ltd raised its stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% in the 4th quarter. Windmill Hill Asset Management Ltd now owns 141,796 shares of the company’s stock worth $508,000 after buying an additional 70,898 shares in the last quarter. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 2nd quarter worth $37,000. 1.15% of the stock is owned by institutional investors and hedge funds.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

Brasilagro Cia Brasileira De Propriedades Agrícolas is a Brazil-based agribusiness company focused on the acquisition, development and commercialization of agricultural land in key farming regions across the country. The company’s core activities include identifying undervalued or underutilized rural properties, implementing infrastructure improvements and modern farming practices, and either operating the land directly or selling it to third parties. Brasilagro’s land bank spans several states in Brazil, with holdings in Maranhão, Bahia, Tocantins, Goiás and Mato Grosso, among others.

In its agricultural operations, Brasilagro cultivates a variety of crops such as soybeans, corn and cotton, leveraging advances in crop genetics, irrigation and soil management to enhance productivity and sustainability.