Zacks Research Downgrades Gladstone Land (NASDAQ:LAND) to Hold

Gladstone Land (NASDAQ:LAND) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other research firms have also weighed in on LAND. Alliance Global Partners reiterated a “neutral” rating on shares of Gladstone Land in a research note on Tuesday, November 11th. Wall Street Zen downgraded shares of Gladstone Land from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gladstone Land in a report on Monday, December 29th. Finally, iA Financial set a $10.00 price objective on shares of Gladstone Land in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.00.

Gladstone Land Stock Up 1.8%

Shares of NASDAQ:LAND opened at $11.15 on Tuesday. Gladstone Land has a 1 year low of $8.47 and a 1 year high of $11.93. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.13 and a quick ratio of 1.13. The business’s 50-day moving average is $9.62 and its 200-day moving average is $9.32. The company has a market capitalization of $415.56 million, a price-to-earnings ratio of -50.68, a P/E/G ratio of 5.37 and a beta of 1.22.

Institutional Trading of Gladstone Land

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its position in shares of Gladstone Land by 5.2% in the third quarter. Ameriprise Financial Inc. now owns 21,381 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 1,066 shares in the last quarter. Sigma Planning Corp boosted its position in shares of Gladstone Land by 7.0% during the 4th quarter. Sigma Planning Corp now owns 17,826 shares of the real estate investment trust’s stock valued at $163,000 after acquiring an additional 1,161 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Gladstone Land by 9.4% in the second quarter. The Manufacturers Life Insurance Company now owns 13,763 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 1,183 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in Gladstone Land by 2.7% in the second quarter. Asset Management One Co. Ltd. now owns 47,826 shares of the real estate investment trust’s stock valued at $486,000 after purchasing an additional 1,258 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in Gladstone Land by 40.1% during the third quarter. Parallel Advisors LLC now owns 4,840 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 1,386 shares during the last quarter. 53.60% of the stock is owned by institutional investors.

About Gladstone Land

Gladstone Land Corporation (NASDAQ: LAND) is a publicly traded real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland in the United States. Established in 2013 and headquartered in Wayne, Pennsylvania, the company focuses on purchasing high-quality agricultural properties and leasing them to farmers under long‐term, triple‐net lease agreements. This model provides tenants with operational flexibility while generating stable, recurring rental income for investors.

The company’s portfolio spans several key agricultural regions across the country, including California, the Midwest, and parts of the Southeast.