Gladstone Land Corp. (NASDAQ:LAND)’s share price was down 1.5% during mid-day trading on Monday . The company traded as low as $10.89 and last traded at $11.10, with a volume of 55,682 shares. The stock had previously closed at $11.27.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Gladstone Land Corp. from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Thursday, July 7th. TheStreet upgraded shares of Gladstone Land Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, March 29th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $12.63.

The firm’s 50-day moving average is $10.58 and its 200 day moving average is $9.46. The firm has a market cap of $110.91 million and a price-to-earnings ratio of 130.59.

Gladstone Land Corp. (NASDAQ:LAND) last announced its quarterly earnings results on Monday, May 2nd. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.01. Equities research analysts predict that Gladstone Land Corp. will post $0.15 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which was paid on Thursday, June 30th. Shareholders of record on Friday, June 17th were paid a dividend of $0.0413 per share. The ex-dividend date of this dividend was Wednesday, June 15th. This represents a $0.50 dividend on an annualized basis and a yield of 4.46%.

An institutional investor recently raised its position in Gladstone Land Corp. stock. State of New Jersey Common Pension Fund D raised its position in shares of Gladstone Land Corp. (NASDAQ:LAND) by 19.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 344,000 shares of the company’s stock after buying an additional 55,000 shares during the period. State of New Jersey Common Pension Fund D owned about 3.80% of Gladstone Land Corp. worth $2,976,000 as of its most recent filing with the SEC.

Gladstone Land Corporation is an externally-managed, agricultural real estate investment trust (REIT). The Company is engaged in the business of owning and leasing farmland. The Company’s segment is farmland and farm-related properties. The Company is engaged in leasing its farms to independent farming operations and corporate farming operations.

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