ValuEngine upgraded shares of Gladstone Land (NASDAQ:LAND) from a hold rating to a buy rating in a research note issued to investors on Wednesday.
A number of other equities research analysts have also recently commented on LAND. Hilliard Lyons cut shares of Gladstone Land from a buy rating to a neutral rating in a research report on Wednesday, November 8th. Zacks Investment Research cut shares of Gladstone Land from a buy rating to a hold rating in a research report on Friday, November 10th. Finally, Ladenburg Thalmann Financial Services reissued a buy rating and set a $15.00 target price (up previously from $14.00) on shares of Gladstone Land in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $14.63.
Gladstone Land (LAND) traded down $0.12 during trading hours on Wednesday, reaching $13.02. 131,390 shares of the company were exchanged, compared to its average volume of 67,675. Gladstone Land has a 12 month low of $10.77 and a 12 month high of $14.29. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $180.93, a PE ratio of 23.38 and a beta of 0.87.
In other news, Director Walter H. Wilkinson bought 4,700 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average price of $12.58 per share, with a total value of $59,126.00. Following the completion of the transaction, the director now directly owns 9,791 shares of the company’s stock, valued at approximately $123,170.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 21.87% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of Gladstone Land by 488.4% in the third quarter. JPMorgan Chase & Co. now owns 123,985 shares of the real estate investment trust’s stock worth $1,697,000 after buying an additional 102,912 shares during the last quarter. RMR Advisors LLC raised its holdings in shares of Gladstone Land by 89.7% in the fourth quarter. RMR Advisors LLC now owns 37,935 shares of the real estate investment trust’s stock worth $509,000 after buying an additional 17,935 shares during the last quarter. Monashee Investment Management LLC purchased a new position in shares of Gladstone Land in the fourth quarter worth $146,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Gladstone Land by 26.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 20,223 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 4,227 shares during the last quarter. Finally, Stelac Advisory Services LLC raised its holdings in shares of Gladstone Land by 48.3% in the third quarter. Stelac Advisory Services LLC now owns 17,568 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 5,719 shares during the last quarter. 26.39% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: This piece was published by Markets Daily and is owned by of Markets Daily. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.themarketsdaily.com/2018/03/11/gladstone-land-land-lifted-to-buy-at-valuengine.html.
Gladstone Land 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Gladstone Land Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Land and related companies with MarketBeat.com's FREE daily email newsletter.