Gladstone Land (NASDAQ:LAND) Stock Rating Lowered by StockNews.com

Gladstone Land (NASDAQ:LAND) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Separately, Alliance Global Partners cut shares of Gladstone Land from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $16.00 to $14.50 in a research report on Friday, November 8th.

Gladstone Land Trading Up 3.2 %

Shares of LAND stock opened at $11.70 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.99 and a quick ratio of 0.70. The firm has a market cap of $423.36 million, a PE ratio of -40.34, a price-to-earnings-growth ratio of 3.74 and a beta of 1.05. The company has a 50-day moving average of $10.96 and a two-hundred day moving average of $12.25. Gladstone Land has a 1-year low of $10.27 and a 1-year high of $15.36.

Gladstone Land (NASDAQ:LAND) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.19. The company had revenue of $21.10 million during the quarter, compared to analyst estimates of $20.45 million. Gladstone Land had a net margin of 15.59% and a return on equity of 1.89%. On average, analysts predict that Gladstone Land will post 0.52 EPS for the current year.

Institutional Trading of Gladstone Land

Large investors have recently made changes to their positions in the company. Larson Financial Group LLC increased its stake in shares of Gladstone Land by 224.2% during the third quarter. Larson Financial Group LLC now owns 1,929 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 1,334 shares during the period. Hager Investment Management Services LLC purchased a new stake in shares of Gladstone Land during the fourth quarter worth approximately $27,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Gladstone Land during the third quarter worth approximately $50,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Gladstone Land during the fourth quarter worth approximately $62,000. Finally, AlphaQuest LLC increased its stake in shares of Gladstone Land by 63.2% during the fourth quarter. AlphaQuest LLC now owns 5,841 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 2,261 shares during the period. 53.60% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Land Company Profile

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.