Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Posts Quarterly Earnings Results

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) posted its earnings results on Thursday. The company reported ($0.03) earnings per share for the quarter, Zacks reports. The business had revenue of $50.63 million during the quarter. Brasilagro Cia Brasileira De Propriedades Agricolas had a negative net margin of 1.81% and a negative return on equity of 0.84%.

Brasilagro Cia Brasileira De Propriedades Agricolas Price Performance

Brasilagro Cia Brasileira De Propriedades Agricolas stock opened at $3.79 on Friday. The stock has a market cap of $389.16 million, a price-to-earnings ratio of -126.29 and a beta of 0.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.47 and a quick ratio of 0.69. Brasilagro Cia Brasileira De Propriedades Agricolas has a 1 year low of $3.46 and a 1 year high of $4.45. The firm has a 50-day moving average of $3.67 and a two-hundred day moving average of $3.84.

Insider Buying and Selling

In related news, Director Alejandro Gustavo Elsztain purchased 14,500 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was purchased at an average price of $3.58 per share, with a total value of $51,910.00. Following the completion of the purchase, the director owned 655,870 shares of the company’s stock, valued at approximately $2,348,014.60. The trade was a 2.26% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.73% of the stock is owned by corporate insiders.

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

A hedge fund recently bought a new position in Brasilagro Cia Brasileira De Propriedades Agricolas stock. EverSource Wealth Advisors LLC bought a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 9,580 shares of the company’s stock, valued at approximately $37,000. Institutional investors and hedge funds own 1.15% of the company’s stock.

Analyst Ratings Changes

LND has been the topic of several recent research reports. Weiss Ratings lowered Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 23rd. Wall Street Zen lowered Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

About Brasilagro Cia Brasileira De Propriedades Agricolas

Brasilagro Cia Brasileira De Propriedades Agrícolas is a Brazil-based agribusiness company focused on the acquisition, development and commercialization of agricultural land in key farming regions across the country. The company’s core activities include identifying undervalued or underutilized rural properties, implementing infrastructure improvements and modern farming practices, and either operating the land directly or selling it to third parties. Brasilagro’s land bank spans several states in Brazil, with holdings in Maranhão, Bahia, Tocantins, Goiás and Mato Grosso, among others.

In its agricultural operations, Brasilagro cultivates a variety of crops such as soybeans, corn and cotton, leveraging advances in crop genetics, irrigation and soil management to enhance productivity and sustainability.