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

Gladstone Land Co. (NASDAQ:LAND) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.58 and traded as high as $13.88. Gladstone Land shares last traded at $13.80, with a volume of 183,470 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on LAND shares. Alliance Global Partners started coverage on shares of Gladstone Land in a report on Tuesday, June 11th. They set a “buy” rating and a $16.00 price target for the company. Maxim Group downgraded shares of Gladstone Land from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $16.00.

Gladstone Land Price Performance

The company has a market cap of $494.56 million, a PE ratio of 230.00, a price-to-earnings-growth ratio of 4.52 and a beta of 1.07. The business has a 50 day moving average of $13.92 and a 200 day moving average of $13.58. The company has a debt-to-equity ratio of 0.78, a current ratio of 4.43 and a quick ratio of 4.43.

Gladstone Land Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were paid a dividend of $0.0467 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend was Friday, September 20th. Gladstone Land’s payout ratio is 933.33%.

Institutional Trading of Gladstone Land

Several institutional investors and hedge funds have recently bought and sold shares of LAND. Tidal Investments LLC purchased a new position in shares of Gladstone Land during the 1st quarter worth approximately $652,000. Price T Rowe Associates Inc. MD raised its holdings in Gladstone Land by 17.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,922 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 3,421 shares in the last quarter. Gilman Hill Asset Management LLC raised its holdings in Gladstone Land by 44.8% in the first quarter. Gilman Hill Asset Management LLC now owns 21,000 shares of the real estate investment trust’s stock worth $280,000 after purchasing an additional 6,500 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Gladstone Land by 17.3% during the first quarter. BNP Paribas Financial Markets now owns 16,402 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 2,420 shares during the period. Finally, GSA Capital Partners LLP boosted its holdings in shares of Gladstone Land by 216.8% during the 1st quarter. GSA Capital Partners LLP now owns 70,383 shares of the real estate investment trust’s stock valued at $939,000 after buying an additional 48,167 shares in the last quarter. 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.