Gladstone Land Corporation (NASDAQ:LAND) Short Interest Down 18.4% in March

Gladstone Land Corporation (NASDAQ:LAND) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 1,536,017 shares, a drop of 18.4% from the February 26th total of 1,881,632 shares. Based on an average trading volume of 564,685 shares, the short-interest ratio is currently 2.7 days. Approximately 4.0% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings raised shares of Gladstone Land from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Zacks Research cut Gladstone Land from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $10.00.

Gladstone Land Stock Up 0.6%

Shares of LAND stock traded up $0.06 during trading on Tuesday, reaching $10.20. The company’s stock had a trading volume of 452,555 shares, compared to its average volume of 545,562. Gladstone Land has a 1-year low of $8.47 and a 1-year high of $13.00. The stock’s 50-day moving average price is $11.05 and its 200 day moving average price is $9.86. The company has a market capitalization of $425.34 million, a price-to-earnings ratio of -84.99 and a beta of 1.18. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24.

Gladstone Land (NASDAQ:LAND) last released its earnings results on Tuesday, February 24th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.35). The business had revenue of $41.45 million for the quarter, compared to analyst estimates of $32.07 million. Gladstone Land had a return on equity of 2.01% and a net margin of 15.31%. On average, research analysts anticipate that Gladstone Land will post 0.52 EPS for the current year.

Gladstone Land Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be issued a $0.0467 dividend. The ex-dividend date is Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 5.5%. Gladstone Land’s dividend payout ratio (DPR) is -466.67%.

Institutional Investors Weigh In On Gladstone Land

Several large investors have recently bought and sold shares of LAND. Parallel Advisors LLC raised its position in Gladstone Land by 40.1% in the 3rd 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 in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Gladstone Land by 164.2% during the third quarter. Russell Investments Group Ltd. now owns 6,051 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 3,761 shares during the period. Strs Ohio purchased a new stake in shares of Gladstone Land during the first quarter worth approximately $63,000. Versant Capital Management Inc raised its holdings in Gladstone Land by 699.6% in the third quarter. Versant Capital Management Inc now owns 7,764 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 6,793 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Gladstone Land by 348.1% in the second quarter. Tower Research Capital LLC TRC now owns 8,845 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 6,871 shares during the last quarter. Hedge funds and other institutional investors own 53.60% of the company’s stock.

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.