Gladstone Land Corp. (NASDAQ:LAND) hit a new 52-week high on Friday . The company traded as high as $11.50 and last traded at $11.48, with a volume of 42,283 shares changing hands. The stock had previously closed at $11.21.

Separately, Zacks Investment Research lowered shares of Gladstone Land Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Gladstone Land Corp. presently has an average rating of “Buy” and a consensus price target of $12.63.

The stock has a market capitalization of $114.71 million and a PE ratio of 135.06. The stock’s 50-day moving average price is $10.92 and its 200-day moving average price is $9.71.

Gladstone Land Corp. (NASDAQ:LAND) last posted its quarterly earnings data on Monday, May 2nd. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.01. On average, equities research analysts predict that Gladstone Land Corp. will post $0.15 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Wednesday, August 31st. Investors of record on Monday, August 22nd will be paid a dividend of $0.0413 per share. This represents a $0.50 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Thursday, August 18th.

An institutional investor recently raised its position in Gladstone Land Corp. stock. State of New Jersey Common Pension Fund D increased its stake in shares of Gladstone Land Corp. (NASDAQ:LAND) by 19.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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 approximately 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.