Gladstone Land (NASDAQ:LAND) Stock Rating Upgraded by Lucid Cap Mkts

Gladstone Land (NASDAQ:LAND) was upgraded by equities researchers at Lucid Cap Mkts from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Zacks Research lowered Gladstone Land from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Weiss Ratings lowered Gladstone Land from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Gladstone Land has an average rating of “Hold” and an average price target of $10.00.

Gladstone Land Stock Down 0.9%

Shares of NASDAQ LAND opened at $9.44 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.47 and a quick ratio of 1.24. The company has a market cap of $407.24 million, a P/E ratio of -15.48 and a beta of 1.07. Gladstone Land has a 1 year low of $8.47 and a 1 year high of $13.00. The firm has a 50-day simple moving average of $10.48 and a two-hundred day simple moving average of $10.05.

Gladstone Land (NASDAQ:LAND) last announced its earnings results on Monday, May 11th. The real estate investment trust reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $14.20 million. Research analysts anticipate that Gladstone Land will post 0.43 earnings per share for the current year.

Institutional Investors Weigh In On Gladstone Land

Several hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. lifted its position in shares of Gladstone Land by 5.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 21,381 shares of the real estate investment trust’s stock worth $196,000 after purchasing an additional 1,066 shares during the period. Sigma Planning Corp lifted its position in shares of Gladstone Land by 7.0% in the 4th quarter. Sigma Planning Corp now owns 17,826 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 1,161 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Gladstone Land by 9.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,763 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 1,183 shares during the period. Parallel Advisors LLC lifted its position in shares of 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 during the period. Finally, Abel Hall LLC lifted its position in shares of Gladstone Land by 7.4% in the 1st quarter. Abel Hall LLC now owns 21,704 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 1,498 shares during the period. Hedge funds and other institutional investors 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.