Gladstone Land (NASDAQ:LAND) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Saturday.
Separately, Ladenburg Thalmann reaffirmed a “buy” rating and issued a $15.00 price target (up previously from $14.00) on shares of Gladstone Land in a report on Friday, December 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Gladstone Land has a consensus rating of “Hold” and a consensus target price of $14.63.
Gladstone Land stock opened at $12.78 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 2.55. The company has a market capitalization of $194.46, a price-to-earnings ratio of 22.82 and a beta of 0.87. Gladstone Land has a 12 month low of $10.77 and a 12 month high of $14.29.
Gladstone Land (NASDAQ:LAND) last posted its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.17). The firm had revenue of $6.81 million during the quarter. Gladstone Land had a negative net margin of 0.14% and a negative return on equity of 0.03%. analysts expect that Gladstone Land will post 0.62 earnings per share for the current fiscal year.
In related news, Director Walter H. Wilkinson bought 4,700 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was acquired at an average cost of $12.58 per share, with a total value of $59,126.00. Following the acquisition, the director now owns 9,791 shares in the company, valued at approximately $123,170.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 21.87% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Monashee Investment Management LLC acquired a new position in shares of Gladstone Land in the 4th quarter worth approximately $146,000. Asset Management One Co. Ltd. raised its holdings in shares of Gladstone Land by 33,737.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 18,272 shares of the real estate investment trust’s stock worth $250,000 after buying an additional 18,218 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Gladstone Land in the 4th quarter worth approximately $260,000. Goldman Sachs Group Inc. raised its holdings in shares of Gladstone Land by 51.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 28,826 shares of the real estate investment trust’s stock worth $387,000 after buying an additional 9,782 shares in the last quarter. Finally, RMR Advisors LLC raised its holdings in shares of Gladstone Land by 89.7% in the 4th quarter. RMR Advisors LLC now owns 37,935 shares of the real estate investment trust’s stock worth $509,000 after buying an additional 17,935 shares in the last quarter. 26.39% of the stock is owned by institutional investors and hedge funds.
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Gladstone Land Company Profile
Gladstone Land is a publicly-traded real estate investment trust that invests in farmland and farm-related properties located in major agricultural markets in the U.S., which it leases to farmers, and pays monthly distributions to its stockholders. The Company reports the current fair value of its farmland on a quarterly basis; as of December 31, 2017, the estimated net asset value of the Company was $13.96 per share.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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