Gladstone Land (NASDAQ:LAND) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Gladstone Land Corporation (NASDAQ:LAND)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.06 and traded as low as $8.97. Gladstone Land shares last traded at $9.00, with a volume of 679,665 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LAND. Lucid Cap Mkts raised Gladstone Land from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Wall Street Zen lowered Gladstone Land from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings lowered Gladstone Land from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.00.

Gladstone Land Price Performance

The firm has a market capitalization of $386.53 million, a PE ratio of -14.69 and a beta of 1.06. 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 firm has a 50-day simple moving average of $9.75 and a 200-day simple moving average of $10.05.

Gladstone Land (NASDAQ:LAND) last posted its quarterly earnings data on Monday, May 11th. The real estate investment trust reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). Gladstone Land had a negative net margin of 6.68% and a negative return on equity of 0.87%. The company had revenue of $16.55 million for the quarter, compared to analysts’ expectations of $14.20 million. As a group, equities analysts forecast that Gladstone Land Corporation will post 0.45 earnings per share for the current year.

Gladstone Land Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $0.0467 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Tuesday, June 23rd. Gladstone Land’s payout ratio is presently -91.80%.

Institutional Trading of Gladstone Land

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Optiver Holding B.V. raised its stake in Gladstone Land by 345.2% during the 1st quarter. Optiver Holding B.V. now owns 2,493 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,933 shares during the period. Western Wealth Management LLC bought a new stake in Gladstone Land during the 1st quarter valued at approximately $25,000. Bank of America Corp DE raised its stake in Gladstone Land by 14.9% during the 1st quarter. Bank of America Corp DE now owns 55,907 shares of the real estate investment trust’s stock valued at $570,000 after purchasing an additional 7,239 shares during the period. Royal Bank of Canada raised its stake in Gladstone Land by 13.8% during the 1st quarter. Royal Bank of Canada now owns 62,608 shares of the real estate investment trust’s stock valued at $639,000 after purchasing an additional 7,588 shares during the period. Finally, Quantinno Capital Management LP raised its stake in Gladstone Land by 43.7% during the 1st quarter. Quantinno Capital Management LP now owns 193,519 shares of the real estate investment trust’s stock valued at $1,974,000 after purchasing an additional 58,869 shares during the period. Institutional investors 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.