Gladstone Land (NASDAQ:LAND) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Gladstone Land (NASDAQ:LAND - Free Report) from a hold rating to a sell rating in a report published on Monday morning.

Separately, Alliance Global Partners lowered Gladstone Land from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $16.00 to $14.50 in a research report on Friday, November 8th.

Gladstone Land Trading Down 1.2 %

Gladstone Land stock traded down $0.14 during mid-day trading on Monday, hitting $11.46. The company's stock had a trading volume of 1,263,639 shares, compared to its average volume of 374,060. The stock's fifty day moving average is $10.92 and its two-hundred day moving average is $12.30. The company has a current ratio of 0.99, a quick ratio of 0.70 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $414.68 million, a PE ratio of -39.52, a price-to-earnings-growth ratio of 3.74 and a beta of 1.05. Gladstone Land has a 1 year low of $10.27 and a 1 year high of $15.36.

Gladstone Land (NASDAQ:LAND - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.19. The firm had revenue of $21.10 million for the quarter, compared to analyst estimates of $20.45 million. Gladstone Land had a net margin of 15.59% and a return on equity of 1.89%. On average, analysts anticipate that Gladstone Land will post 0.52 EPS for the current year.

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Gladstone Land Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were given a $0.0467 dividend. The ex-dividend date was Friday, January 24th. This represents a dividend yield of 5.33%. This is a boost from Gladstone Land's previous dividend of $0.04. Gladstone Land's dividend payout ratio (DPR) is currently -193.10%.

Institutional Investors Weigh In On Gladstone Land

A number of large investors have recently added to or reduced their stakes in LAND. Larson Financial Group LLC raised its holdings in Gladstone Land by 224.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 1,334 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in Gladstone Land in the fourth quarter valued at $27,000. Harbor Capital Advisors Inc. purchased a new position in Gladstone Land during the third quarter worth about $50,000. KLP Kapitalforvaltning AS acquired a new stake in Gladstone Land in the 4th quarter worth about $62,000. Finally, AlphaQuest LLC grew its holdings in Gladstone Land by 63.2% in the 4th quarter. AlphaQuest LLC now owns 5,841 shares of the real estate investment trust's stock valued at $63,000 after buying an additional 2,261 shares during the period. 53.60% of the stock is owned by institutional investors and hedge funds.

About Gladstone Land

Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion.