Analysts Set Gladstone Land Corporation (NASDAQ:LAND) Target Price at $10.00

Gladstone Land Corporation (NASDAQ:LAND) has been given an average recommendation of “Hold” by the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $10.00.

Several analysts have recently issued reports on LAND shares. Weiss Ratings lowered shares of Gladstone Land from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered shares of Gladstone Land from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Zacks Research lowered shares of Gladstone Land from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, Lucid Cap Mkts raised shares of Gladstone Land from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th.

Gladstone Land Stock Performance

Shares of LAND stock opened at $9.53 on Friday. The firm has a market cap of $411.12 million, a price-to-earnings ratio of -15.62 and a beta of 1.07. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.47 and a current ratio of 0.47. Gladstone Land has a 52 week low of $8.47 and a 52 week high of $13.00. The firm’s 50-day simple moving average is $10.24 and its two-hundred day simple moving average is $10.06.

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

Gladstone Land Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be given a $0.0467 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 5.9%. Gladstone Land’s payout ratio is -91.80%.

Institutional Trading of Gladstone Land

Several hedge funds and other institutional investors have recently modified their holdings of LAND. Western Wealth Management LLC bought a new stake in shares of Gladstone Land in the first quarter valued at approximately $25,000. Parallel Advisors LLC raised its position in shares of Gladstone Land by 40.1% in the third quarter. Parallel Advisors LLC now owns 4,840 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 1,386 shares during the period. Russell Investments Group Ltd. grew its stake 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 valued at $55,000 after acquiring an additional 3,761 shares in the last quarter. Strs Ohio purchased a new position in Gladstone Land during the first quarter valued at approximately $63,000. Finally, Versant Capital Management Inc grew its stake in Gladstone Land by 699.6% during the third quarter. Versant Capital Management Inc now owns 7,764 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 6,793 shares in the last quarter. 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.