Gladstone Land (NASDAQ:LAND) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Gladstone Land Corporation (NASDAQ:LAND) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.00 and traded as low as $8.48. Gladstone Land shares last traded at $8.56, with a volume of 364,989 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently commented on LAND. Weiss Ratings cut Gladstone Land from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered Gladstone Land from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, Lucid Cap Mkts upgraded shares of Gladstone Land from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. One investment 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $10.00.

Gladstone Land Stock Performance

The company has a 50 day simple moving average of $9.13 and a 200-day simple moving average of $10.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market cap of $369.28 million, a P/E ratio of -14.03 and a beta of 1.06.

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

Gladstone Land Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.0467 per share. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date was Tuesday, June 23rd. Gladstone Land’s dividend payout ratio (DPR) is presently -91.80%.

Institutional Investors Weigh In On Gladstone Land

A number of hedge funds have recently made changes to their positions in LAND. AQR Capital Management LLC boosted its stake in shares of Gladstone Land by 12.1% in the 1st 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 in the last quarter. Goldman Sachs Group Inc. raised its position in Gladstone Land by 5.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 407,183 shares of the real estate investment trust’s stock worth $4,284,000 after purchasing an additional 22,557 shares during the period. Jane Street Group LLC lifted its stake in Gladstone Land by 141.1% in the first quarter. Jane Street Group LLC now owns 108,843 shares of the real estate investment trust’s stock worth $1,145,000 after purchasing an additional 63,702 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Gladstone Land in the first quarter worth $273,000. Finally, Strs Ohio purchased a new stake in Gladstone Land during the first quarter valued at about $63,000. 53.60% of the stock is currently 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.