Wall Street Zen Downgrades Gladstone Land (NASDAQ:LAND) to Strong Sell

Gladstone Land (NASDAQ:LAND) was downgraded by equities researchers at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.

A number of other research analysts have also weighed in on LAND. Weiss Ratings lowered Gladstone Land from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Zacks Research lowered Gladstone Land from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Lucid Cap Mkts raised Gladstone Land from a “hold” rating to a “strong-buy” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Gladstone Land presently has an average rating of “Hold” and an average target price of $10.00.

Gladstone Land Price Performance

Gladstone Land stock opened at $9.40 on Friday. Gladstone Land has a 12 month low of $8.47 and a 12 month high of $13.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.47 and a quick ratio of 0.47. The business has a 50 day simple moving average of $10.42 and a 200-day simple moving average of $10.05. The stock has a market capitalization of $405.52 million, a PE ratio of -15.41 and a beta of 1.07.

Gladstone Land (NASDAQ:LAND) last released its quarterly earnings results on Monday, May 11th. The real estate investment trust reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.02). Gladstone Land had a negative return on equity of 0.87% and a negative net margin of 6.68%.The company had revenue of $16.55 million for the quarter, compared to analysts’ expectations of $14.20 million. Equities analysts predict that Gladstone Land will post 0.43 earnings per share for the current year.

Institutional Trading of Gladstone Land

Several large investors have recently bought and sold shares of LAND. Renaissance Technologies LLC acquired a new stake in Gladstone Land in the first quarter valued at $5,165,000. Marshall Wace LLP acquired a new stake in Gladstone Land in the fourth quarter valued at $2,476,000. PFG Investments LLC grew its holdings in Gladstone Land by 611.8% in the fourth quarter. PFG Investments LLC now owns 295,533 shares of the real estate investment trust’s stock valued at $2,704,000 after purchasing an additional 254,015 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Gladstone Land by 1,521.9% in the third quarter. NewEdge Advisors LLC now owns 266,414 shares of the real estate investment trust’s stock valued at $2,440,000 after purchasing an additional 249,988 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Gladstone Land by 570.2% in the third quarter. Millennium Management LLC now owns 283,538 shares of the real estate investment trust’s stock valued at $2,597,000 after acquiring an additional 241,231 shares in the last quarter. Institutional investors and hedge funds 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.