Gladstone Land (NASDAQ:LAND) Rating Lowered to “Sell” at StockNews.com

Gladstone Land (NASDAQ:LAND) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

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

Gladstone Land Trading Up 0.5 %

Shares of Gladstone Land stock traded up $0.05 during trading on Monday, hitting $11.15. The stock had a trading volume of 335,451 shares, compared to its average volume of 349,030. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.99 and a quick ratio of 0.70. The stock has a market cap of $403.46 million, a PE ratio of -38.45, a PEG ratio of 3.74 and a beta of 1.05. Gladstone Land has a 12 month low of $10.27 and a 12 month high of $15.36. The firm’s fifty day simple moving average is $10.87 and its 200-day simple moving average is $12.36.

Gladstone Land (NASDAQ:LAND) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.19. The firm had revenue of $21.10 million for the quarter, compared to the consensus estimate of $20.45 million. Gladstone Land had a return on equity of 1.89% and a net margin of 15.59%. As a group, sell-side analysts expect that Gladstone Land will post 0.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Gladstone Land

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its holdings in Gladstone Land by 1.9% in the 4th quarter. Invesco Ltd. now owns 59,866 shares of the real estate investment trust’s stock worth $650,000 after buying an additional 1,094 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Gladstone Land by 1.9% in the fourth quarter. Rhumbline Advisers now owns 59,290 shares of the real estate investment trust’s stock worth $643,000 after buying an additional 1,130 shares in the last quarter. Catalyst Capital Advisors LLC boosted its position in Gladstone Land by 9.5% during the fourth quarter. Catalyst Capital Advisors LLC now owns 13,685 shares of the real estate investment trust’s stock worth $148,000 after acquiring an additional 1,192 shares during the last quarter. Millburn Ridgefield Corp grew its stake in Gladstone Land by 9.5% during the 4th quarter. Millburn Ridgefield Corp now owns 13,685 shares of the real estate investment trust’s stock valued at $148,000 after acquiring an additional 1,192 shares in the last quarter. Finally, 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. 53.60% of the stock is owned by hedge funds and other institutional investors.

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.