Gladstone Land (NASDAQ:LAND) Stock Rating Upgraded by Zacks Research

Gladstone Land (NASDAQ:LAND) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Several other research analysts have also issued reports on LAND. Industrial Alliance Securities set a $10.00 target price on Gladstone Land in a research report on Tuesday, November 11th. Alliance Global Partners reissued a “neutral” rating on shares of Gladstone Land in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Gladstone Land in a report on Monday, December 29th. Finally, Wall Street Zen lowered Gladstone Land from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Gladstone Land has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

Gladstone Land Price Performance

NASDAQ:LAND opened at $9.67 on Monday. The firm has a market capitalization of $360.37 million, a price-to-earnings ratio of -43.95, a PEG ratio of 4.32 and a beta of 1.19. Gladstone Land has a 1 year low of $8.47 and a 1 year high of $11.93. The business has a 50 day simple moving average of $9.20 and a 200-day simple moving average of $9.32. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.13 and a quick ratio of 1.13.

Gladstone Land (NASDAQ:LAND) last released its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.07. Gladstone Land had a return on equity of 1.46% and a net margin of 14.50%.The company had revenue of $17.79 million for the quarter, compared to analyst estimates of $15.08 million. Equities analysts forecast that Gladstone Land will post 0.52 EPS for the current year.

Hedge Funds Weigh In On Gladstone Land

Institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in Gladstone Land by 12.1% during the first quarter. AQR Capital Management LLC now owns 35,991 shares of the real estate investment trust’s stock worth $379,000 after buying an additional 3,889 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Gladstone Land by 5.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 407,183 shares of the real estate investment trust’s stock worth $4,284,000 after acquiring an additional 22,557 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Gladstone Land by 141.1% during the 1st quarter. Jane Street Group LLC now owns 108,843 shares of the real estate investment trust’s stock worth $1,145,000 after purchasing an additional 63,702 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Gladstone Land during the first quarter valued at about $273,000. Finally, Strs Ohio purchased a new position in Gladstone Land in the first quarter valued at about $63,000. 53.60% of the stock is owned by hedge funds and other institutional investors.

Gladstone Land Company Profile

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.