Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Alejandro Gustavo Elsztain Acquires 14,500 Shares

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Alejandro Gustavo Elsztain purchased 14,500 shares of the business’s stock in a transaction on Monday, June 29th. The shares were bought at an average cost of $3.58 per share, with a total value of $51,910.00. Following the acquisition, the director directly owned 655,870 shares of the company’s stock, valued at $2,348,014.60. This trade represents a 2.26% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Alejandro Gustavo Elsztain also recently made the following trade(s):

• On Thursday, June 25th, Alejandro Gustavo Elsztain purchased 14,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The stock was bought at an average price of $3.52 per share, with a total value of $51,040.00.
• On Thursday, May 21st, Alejandro Gustavo Elsztain acquired 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The stock was bought at an average cost of $3.82 per share, for a total transaction of $51,570.00.
• On Tuesday, May 19th, Alejandro Gustavo Elsztain acquired 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were bought at an average cost of $3.74 per share, for a total transaction of $50,490.00.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

Shares of NYSE:LND traded down $0.02 during mid-day trading on Tuesday, reaching $3.58. 76,540 shares of the company traded hands, compared to its average volume of 82,731. The company’s 50 day moving average price is $3.77 and its 200-day moving average price is $3.88. The firm has a market cap of $367.59 million, a PE ratio of -119.29 and a beta of 0.02. 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 52 week low of $3.46 and a 52 week high of $4.45.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wall Street Zen cut shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings cut shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

Several institutional investors and hedge funds have recently added to or reduced their stakes in LND. EverSource Wealth Advisors LLC purchased a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the 2nd quarter worth approximately $37,000. Windmill Hill Asset Management Ltd boosted its stake in Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% in the 4th quarter. Windmill Hill Asset Management Ltd now owns 141,796 shares of the company’s stock worth $508,000 after purchasing an additional 70,898 shares during the period. SmartHarvest Portfolios LLC purchased a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas during the 4th quarter valued at approximately $68,000. Banco BTG Pactual S.A. bought a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the fourth quarter valued at approximately $265,000. Finally, Renaissance Technologies LLC raised its position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% during the first quarter. Renaissance Technologies LLC now owns 139,500 shares of the company’s stock valued at $590,000 after buying an additional 119,700 shares during the last quarter. Institutional investors own 1.15% of the company’s stock.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

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.