Gladstone Land (NASDAQ:LAND) Shares Pass Above 200 Day Moving Average – What’s Next?

Gladstone Land Corporation (NASDAQ:LAND) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.29 and traded as high as $10.44. Gladstone Land shares last traded at $10.44, with a volume of 2,100,399 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LAND. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gladstone Land in a research note on Monday, December 29th. Wall Street Zen downgraded Gladstone Land from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Industrial Alliance Securities set a $10.00 price target on shares of Gladstone Land in a research report on Tuesday, November 11th. Alliance Global Partners reiterated a “neutral” rating on shares of Gladstone Land in a research report on Tuesday, November 11th. Finally, Zacks Research raised shares of Gladstone Land from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

Gladstone Land Trading Up 6.8%

The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.13 and a current ratio of 1.13. The business’s 50-day moving average is $9.33 and its two-hundred day moving average is $9.29. The stock has a market capitalization of $415.56 million, a PE ratio of -50.68, a price-to-earnings-growth ratio of 4.70 and a beta of 1.19.

Gladstone Land (NASDAQ:LAND) last posted its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.07. The company had revenue of $17.79 million for the quarter, compared to analyst estimates of $15.08 million. Gladstone Land had a return on equity of 1.46% and a net margin of 14.50%. As a group, equities research analysts anticipate that Gladstone Land Corporation will post 0.52 earnings per share for the current year.

Gladstone Land Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be issued a $0.0467 dividend. The ex-dividend date is Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 5.0%. Gladstone Land’s dividend payout ratio (DPR) is presently -254.55%.

Institutional Trading of Gladstone Land

Several large investors have recently bought and sold shares of the company. AQR Capital Management LLC grew its stake 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 acquiring an additional 3,889 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings 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 buying an additional 22,557 shares in the last quarter. Jane Street Group LLC raised its position in shares of 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 worth $1,145,000 after buying an additional 63,702 shares in the last quarter. Acadian Asset Management LLC bought a new position in Gladstone Land during the first quarter valued at about $273,000. Finally, Strs Ohio acquired a new stake in shares of Gladstone Land during the 1st quarter valued at $63,000. Institutional investors and hedge funds own 53.60% of the company’s stock.

About Gladstone Land

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.