Gladstone Land (NASDAQ:LAND) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Gladstone Land Corporation (NASDAQ:LAND)’s share price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $9.21 and traded as low as $8.55. Gladstone Land shares last traded at $8.58, with a volume of 581,666 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Gladstone Land from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Gladstone Land has an average rating of “Hold” and an average target price of $10.00.

Gladstone Land Trading Up 0.8%

The company has a fifty day moving average of $9.28 and a 200-day moving average of $9.20. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $382.65 million, a price-to-earnings ratio of -16.13 and a beta of 1.10.

Gladstone Land (NASDAQ:LAND) last announced its earnings results on Tuesday, August 11th. The real estate investment trust reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.06). The firm had revenue of $12.69 million for the quarter, compared to analyst estimates of $12.28 million. Gladstone Land had a negative net margin of 7.31% and a negative return on equity of 0.96%. As a group, equities research analysts anticipate that Gladstone Land Corporation will post 0.48 earnings per share for the current fiscal year.

Gladstone Land Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, December 21st will be paid a $0.0467 dividend. This represents a $0.56 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Monday, December 21st. Gladstone Land’s dividend payout ratio is currently -101.82%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new stake in Gladstone Land during the 1st quarter worth $25,000. Optiver Holding B.V. raised its position in shares of Gladstone Land by 345.2% in the first quarter. Optiver Holding B.V. now owns 2,493 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 1,933 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Gladstone Land in the second quarter worth about $33,000. GAMMA Investing LLC lifted its stake in shares of Gladstone Land by 494.1% in the third quarter. GAMMA Investing LLC now owns 3,511 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 2,920 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of Gladstone Land in the second quarter worth about $34,000. Hedge funds and other institutional investors own 53.60% of the company’s stock.

About Gladstone Land

Gladstone Land Corporation is a real estate investment trust (REIT) that owns and leases farmland. The company focuses primarily on high-quality agricultural properties that produce specialty crops, such as fruits, vegetables, nuts and vineyards, as well as annual row crops.

Gladstone Land generally leases its properties to experienced farmers and agricultural operators under long-term, often triple-net lease agreements. These arrangements typically make tenants responsible for property operating expenses, while the company seeks to generate rental income from a diversified portfolio of farmland.

Founded in 1997 and publicly listed in 2013, Gladstone Land invests in agricultural real estate across multiple U.S.