Gladstone Land (NASDAQ:LAND) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Gladstone Land Corporation (NASDAQ:LAND) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.00 and traded as low as $8.48. Gladstone Land shares last traded at $8.56, with a volume of 364,989 shares.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Lucid Cap Mkts upgraded Gladstone Land from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Wall Street Zen downgraded shares of Gladstone Land from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings lowered shares of Gladstone Land from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.00.

Gladstone Land Stock Performance

The company has a debt-to-equity ratio of 0.70, a current ratio of 0.47 and a quick ratio of 0.47. The company has a fifty day moving average price of $9.11 and a 200 day moving average price of $9.99. The stock has a market cap of $369.28 million, a P/E ratio of -14.03 and a beta of 1.06.

Gladstone Land (NASDAQ:LAND) last issued its earnings results on Monday, May 11th. The real estate investment trust reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). The firm 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%. On average, equities analysts expect that Gladstone Land Corporation will post 0.45 EPS for the current year.

Gladstone Land Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.0467 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date was Tuesday, June 23rd. Gladstone Land’s dividend payout ratio (DPR) is currently -91.80%.

Institutional Investors Weigh In On Gladstone Land

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Gladstone Land by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 3,420,619 shares of the real estate investment trust’s stock valued at $31,333,000 after purchasing an additional 25,808 shares during the last quarter. Amundi lifted its stake in Gladstone Land by 2.6% during the 3rd quarter. Amundi now owns 1,182,821 shares of the real estate investment trust’s stock valued at $10,841,000 after acquiring an additional 29,962 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Gladstone Land during the 1st quarter worth $5,165,000. Goldman Sachs Group Inc. boosted its holdings in Gladstone Land by 5.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 407,183 shares of the real estate investment trust’s stock worth $4,284,000 after acquiring an additional 22,557 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Gladstone Land by 24.7% in the 4th quarter. NewEdge Advisors LLC now owns 332,271 shares of the real estate investment trust’s stock worth $3,040,000 after acquiring an additional 65,857 shares in the last quarter. Institutional investors and hedge funds 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.