Gladstone Land Corporation (LAND) Downgraded to Neutral at Hilliard Lyons

Gladstone Land Corporation (NASDAQ:LAND) was downgraded by Hilliard Lyons from a “buy” rating to a “neutral” rating in a research report issued on Wednesday.

A number of other equities research analysts have also recently commented on LAND. Zacks Investment Research cut shares of Gladstone Land Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and set a $14.00 price objective (up previously from $13.00) on shares of Gladstone Land Corporation in a research note on Monday, September 18th. They noted that the move was a valuation call.

Shares of Gladstone Land Corporation (LAND) traded down $0.05 during midday trading on Wednesday, hitting $13.71. 31,100 shares of the stock were exchanged, compared to its average volume of 63,878. The firm has a market cap of $186.98, a PE ratio of 24.70 and a beta of 0.98. Gladstone Land Corporation has a twelve month low of $10.33 and a twelve month high of $14.29. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 2.48.

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A number of institutional investors have recently added to or reduced their stakes in LAND. Bank of New York Mellon Corp grew its stake in Gladstone Land Corporation by 13.8% in the 1st quarter. Bank of New York Mellon Corp now owns 47,587 shares of the real estate investment trust’s stock valued at $528,000 after acquiring an additional 5,786 shares during the period. JPMorgan Chase & Co. grew its stake in Gladstone Land Corporation by 10.4% in the 1st quarter. JPMorgan Chase & Co. now owns 9,890 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 929 shares during the period. Renaissance Technologies LLC grew its stake in Gladstone Land Corporation by 18.3% in the 1st quarter. Renaissance Technologies LLC now owns 445,700 shares of the real estate investment trust’s stock valued at $4,947,000 after acquiring an additional 68,800 shares during the period. Bank of America Corp DE grew its stake in Gladstone Land Corporation by 1.2% in the 1st quarter. Bank of America Corp DE now owns 9,618 shares of the real estate investment trust’s stock valued at $107,000 after acquiring an additional 118 shares during the period. Finally, Strs Ohio grew its stake in Gladstone Land Corporation by 8.9% in the 2nd quarter. Strs Ohio now owns 11,595 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 943 shares during the period. 20.18% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Land Corporation Company Profile

Gladstone Land Corporation is an agricultural real estate investment trust (REIT). The Company is engaged in the business of owning and leasing farmland. The Company also owns various farm-related facilities, such as cooling facilities, buildings utilized for the storage and assembly of boxes for shipping produce (box barns), packinghouses, processing facilities and various storage facilities.

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