Gladstone Land (NASDAQ:LAND) Stock Crosses Below Two Hundred Day Moving Average - What's Next?

Gladstone Land Co. (NASDAQ:LAND - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.46 and traded as low as $11.25. Gladstone Land shares last traded at $11.25, with a volume of 308,407 shares traded.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners downgraded shares of Gladstone Land from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $16.00 to $14.50 in a report on Friday, November 8th.

Gladstone Land Stock Down 0.4 %

The stock has a market capitalization of $405.69 million, a P/E ratio of -43.12, a P/E/G ratio of 3.91 and a beta of 1.04. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.77. The firm's fifty day moving average is $12.69 and its 200-day moving average is $13.46.

Gladstone Land Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a $0.0467 dividend. This represents a $0.56 annualized dividend and a yield of 5.00%. The ex-dividend date is Friday, December 20th. Gladstone Land's dividend payout ratio (DPR) is presently -215.38%.

Hedge Funds Weigh In On Gladstone Land

Several hedge funds have recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its holdings in Gladstone Land by 224.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 1,334 shares during the period. Signaturefd LLC boosted its position in shares of Gladstone Land by 3,910.3% in the 2nd quarter. Signaturefd LLC now owns 3,128 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 3,050 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Gladstone Land during the third quarter worth $50,000. BNP Paribas Financial Markets increased its holdings in Gladstone Land by 45.3% in the third quarter. BNP Paribas Financial Markets now owns 11,409 shares of the real estate investment trust's stock valued at $159,000 after purchasing an additional 3,556 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Gladstone Land by 41.0% in the third quarter. SG Americas Securities LLC now owns 12,280 shares of the real estate investment trust's stock valued at $171,000 after buying an additional 3,572 shares during the period. Institutional investors own 53.60% of the company's stock.

Gladstone Land Company Profile

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.