Gladstone Land (NASDAQ:LAND) Shares Pass Above 200-Day Moving Average – Should You Sell?

Shares of Gladstone Land Corporation (NASDAQ:LAND) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.29 and traded as high as $10.44. Gladstone Land shares last traded at $10.44, with a volume of 2,100,399 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LAND. Wall Street Zen cut shares of Gladstone Land from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. Industrial Alliance Securities set a $10.00 price objective on shares of Gladstone Land in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Gladstone Land in a research note on Monday, December 29th. Zacks Research upgraded shares of Gladstone Land from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Finally, Alliance Global Partners reissued a “neutral” rating on shares of Gladstone Land in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Gladstone Land currently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Gladstone Land Trading Up 7.1%

The stock has a fifty day simple moving average of $9.30 and a 200 day simple moving average of $9.29. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $389.10 million, a P/E ratio of -47.45, a price-to-earnings-growth ratio of 4.39 and a beta of 1.19.

Gladstone Land (NASDAQ:LAND) last announced its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. Gladstone Land had a return on equity of 1.46% and a net margin of 14.50%.The firm had revenue of $17.79 million for the quarter, compared to the consensus estimate of $15.08 million. On average, research analysts expect that Gladstone Land Corporation will post 0.52 earnings per share for the current fiscal year.

Gladstone Land Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be issued a dividend of $0.0467 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Monday, March 23rd. Gladstone Land’s dividend payout ratio (DPR) is presently -254.55%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Gladstone Land by 0.8% in the third quarter. Vanguard Group Inc. now owns 3,420,619 shares of the real estate investment trust’s stock worth $31,333,000 after purchasing an additional 25,808 shares during the last quarter. Amundi lifted its holdings in shares of 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 buying an additional 29,962 shares during the period. Geode Capital Management LLC boosted its stake in shares of Gladstone Land by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 943,298 shares of the real estate investment trust’s stock worth $9,595,000 after buying an additional 12,251 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Gladstone Land by 16.5% in the 3rd quarter. ProShare Advisors LLC now owns 698,201 shares of the real estate investment trust’s stock worth $6,396,000 after buying an additional 98,781 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Gladstone Land by 5.9% in the first 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 period. 53.60% of the stock is owned by hedge funds and other institutional investors.

Gladstone Land Company Profile

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.