Gladstone Land (NASDAQ:LAND) Stock Rating Upgraded by Lucid Cap Mkts

Gladstone Land (NASDAQ:LAND) was upgraded by equities researchers at Lucid Cap Mkts from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Zacks Research cut shares of Gladstone Land from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Weiss Ratings lowered Gladstone Land from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $10.00.

Gladstone Land Trading Down 0.9%

NASDAQ:LAND opened at $9.44 on Thursday. Gladstone Land has a 52 week low of $8.47 and a 52 week high of $13.00. The firm has a 50 day moving average of $10.48 and a 200 day moving average of $10.05. The company has a quick ratio of 1.24, a current ratio of 0.47 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $407.24 million, a price-to-earnings ratio of -15.48 and a beta of 1.07.

Gladstone Land (NASDAQ:LAND) last posted its earnings results on Monday, May 11th. The real estate investment trust reported ($0.24) EPS 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 firm had revenue of $16.55 million for the quarter, compared to analysts’ expectations of $14.20 million. As a group, sell-side analysts anticipate that Gladstone Land will post 0.43 earnings per share for the current fiscal year.

Institutional Trading of Gladstone Land

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC grew its holdings in Gladstone Land by 40.1% during the third quarter. Parallel Advisors LLC now owns 4,840 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 1,386 shares during the period. Russell Investments Group Ltd. grew its holdings in Gladstone Land by 164.2% during the third quarter. Russell Investments Group Ltd. now owns 6,051 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 3,761 shares during the period. Strs Ohio acquired a new stake in Gladstone Land during the first quarter worth about $63,000. Versant Capital Management Inc lifted its stake in shares of Gladstone Land by 699.6% in the 3rd quarter. Versant Capital Management Inc now owns 7,764 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 6,793 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in Gladstone Land by 348.1% during the second quarter. Tower Research Capital LLC TRC now owns 8,845 shares of the real estate investment trust’s stock worth $90,000 after buying an additional 6,871 shares in the last quarter. 53.60% of the stock is owned by institutional investors and hedge funds.

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.