Gladstone Land (NASDAQ:LAND) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Gladstone Land Co. (NASDAQ:LAND)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.66 and traded as high as $13.73. Gladstone Land shares last traded at $13.38, with a volume of 327,968 shares traded.

Analyst Upgrades and Downgrades

Separately, Maxim Group downgraded Gladstone Land from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.00.

Gladstone Land Price Performance

The firm has a market cap of $479.54 million, a P/E ratio of -74.33, a price-to-earnings-growth ratio of 4.28 and a beta of 1.08. The stock’s 50-day moving average is $13.69 and its 200-day moving average is $13.66. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.78.

Gladstone Land Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be issued a dividend of $0.0467 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.56 annualized dividend and a dividend yield of 4.19%. Gladstone Land’s payout ratio is -311.09%.

Institutional Investors Weigh In On Gladstone Land

Several hedge funds have recently made changes to their positions in LAND. Janney Montgomery Scott LLC raised its holdings in Gladstone Land by 3.8% in 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 in the last quarter. Marathon Capital Management grew its holdings in shares of Gladstone Land by 0.5% during the 2nd quarter. Marathon Capital Management now owns 154,271 shares of the real estate investment trust’s stock worth $2,112,000 after purchasing an additional 781 shares in the last quarter. Moors & Cabot Inc. raised its stake in shares of Gladstone Land by 6.3% in the second quarter. Moors & Cabot Inc. now owns 97,650 shares of the real estate investment trust’s stock valued at $1,337,000 after purchasing an additional 5,750 shares in the last quarter. GSA Capital Partners LLP lifted its position in Gladstone Land by 19.0% in the third quarter. GSA Capital Partners LLP now owns 82,479 shares of the real estate investment trust’s stock worth $1,146,000 after purchasing an additional 13,159 shares during the period. Finally, Rhumbline Advisers boosted its stake in Gladstone Land by 5.1% during the second quarter. Rhumbline Advisers now owns 62,105 shares of the real estate investment trust’s stock worth $850,000 after buying an additional 3,006 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.