Gladstone Land (NASDAQ:LAND) Lowered to "Sell" Rating by StockNews.com

Gladstone Land (NASDAQ:LAND - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Wednesday.

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

Gladstone Land Trading Down 1.1 %

Shares of NASDAQ:LAND traded down $0.13 during midday trading on Wednesday, hitting $11.56. 292,643 shares of the stock were exchanged, compared to its average volume of 382,278. The business's 50-day moving average price is $11.02 and its 200 day moving average price is $12.23. Gladstone Land has a 12 month low of $10.27 and a 12 month high of $15.36. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.70 and a current ratio of 0.99. The stock has a market capitalization of $418.30 million, a price-to-earnings ratio of -39.86, a P/E/G ratio of 3.74 and a beta of 1.11.

Gladstone Land (NASDAQ:LAND - Get Free Report) last posted its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates 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%. Analysts predict that Gladstone Land will post 0.52 earnings per share for the current year.

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Institutional Trading of Gladstone Land

A number of institutional investors have recently bought and sold shares of LAND. Geode Capital Management LLC increased its holdings in Gladstone Land by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 905,578 shares of the real estate investment trust's stock worth $9,828,000 after purchasing an additional 4,946 shares in the last quarter. State Street Corp increased its stake in shares of Gladstone Land by 2.1% in the 3rd quarter. State Street Corp now owns 795,775 shares of the real estate investment trust's stock valued at $11,061,000 after acquiring an additional 16,079 shares in the last quarter. Northern Trust Corp increased its stake in shares of Gladstone Land by 7.1% in the 4th quarter. Northern Trust Corp now owns 458,975 shares of the real estate investment trust's stock valued at $4,980,000 after acquiring an additional 30,322 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Gladstone Land by 3.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 251,838 shares of the real estate investment trust's stock valued at $3,501,000 after acquiring an additional 9,143 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Gladstone Land by 87.5% during the fourth quarter. Renaissance Technologies LLC now owns 245,600 shares of the real estate investment trust's stock worth $2,665,000 after acquiring an additional 114,600 shares in the last quarter. 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.