Abel Hall LLC Takes Position in Gladstone Land Corporation $LAND

Abel Hall LLC purchased a new stake in Gladstone Land Corporation (NASDAQ:LAND) during the second quarter, HoldingsChannel reports. The institutional investor purchased 10,151 shares of the real estate investment trust’s stock, valued at approximately $103,000.

A number of other institutional investors also recently modified their holdings of LAND. Parallel Advisors LLC lifted its holdings in shares of Gladstone Land by 1,146.9% in the second quarter. Parallel Advisors LLC now owns 3,454 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 3,177 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Gladstone Land by 73.5% in the first quarter. Signaturefd LLC now owns 4,924 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 2,086 shares in the last quarter. Strs Ohio bought a new stake in shares of Gladstone Land in the first quarter valued at about $63,000. Trifecta Capital Advisors LLC bought a new stake in shares of Gladstone Land in the first quarter valued at about $69,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Gladstone Land by 1,565.5% in the first quarter. GAMMA Investing LLC now owns 8,311 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 7,812 shares in the last quarter. 53.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LAND. Zacks Research upgraded Gladstone Land to a “strong sell” rating in a report on Friday, August 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Gladstone Land in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Gladstone Land currently has an average rating of “Reduce” and an average target price of $14.50.

Gladstone Land Price Performance

NASDAQ:LAND opened at $9.15 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.21 and a current ratio of 2.21. The stock’s 50-day simple moving average is $9.06 and its 200 day simple moving average is $9.65. The company has a market cap of $331.09 million, a P/E ratio of -20.80, a P/E/G ratio of 6.76 and a beta of 1.15. Gladstone Land Corporation has a 52-week low of $8.47 and a 52-week high of $13.85.

About Gladstone Land

Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion.