StockNews.com initiated coverage on shares of Gladstone Land (NASDAQ:LAND – Get Rating) in a research note issued to investors on Thursday. The firm issued a sell rating on the real estate investment trust’s stock.
LAND has been the subject of a number of other reports. B. Riley lowered their target price on shares of Gladstone Land from $27.00 to $24.00 and set a buy rating for the company in a research note on Thursday, February 23rd. EF Hutton Acquisition Co. I reduced their price target on shares of Gladstone Land from $25.00 to $22.00 and set a buy rating for the company in a research report on Thursday, February 23rd. Finally, Oppenheimer raised shares of Gladstone Land from a market perform rating to an outperform rating and reduced their price target for the stock from $25.00 to $22.00 in a research report on Wednesday, February 22nd.
Gladstone Land Stock Performance
LAND stock traded down $0.48 during trading on Thursday, reaching $15.64. The company had a trading volume of 516,901 shares, compared to its average volume of 250,431. The firm has a 50-day simple moving average of $18.50 and a 200-day simple moving average of $19.39. The company has a market cap of $558.50 million, a price-to-earnings ratio of -36.37, a price-to-earnings-growth ratio of 3.57 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.76 and a current ratio of 3.76. Gladstone Land has a twelve month low of $15.36 and a twelve month high of $42.10.
Gladstone Land Dividend Announcement
Hedge Funds Weigh In On Gladstone Land
A number of institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC purchased a new position in shares of Gladstone Land during the 4th quarter valued at approximately $27,000. MinichMacGregor Wealth Management LLC purchased a new position in shares of Gladstone Land during the 4th quarter valued at approximately $29,000. Belpointe Asset Management LLC purchased a new position in shares of Gladstone Land during the 4th quarter valued at approximately $30,000. Heritage Wealth Management LLC increased its holdings in shares of Gladstone Land by 100.0% during the 4th quarter. Heritage Wealth Management LLC now owns 1,710 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 855 shares in the last quarter. Finally, Money Concepts Capital Corp purchased a new position in shares of Gladstone Land during the 4th quarter valued at approximately $33,000. 45.31% of the stock is owned by hedge funds and other institutional investors.
Gladstone Land Company Profile
Gladstone Land Corp. is an agricultural real estate investment trust, which engages in the business of owning and leasing farmland. It also includes farm-related facilities, such as cooling facilities, packinghouses, processing facilities, and various storage facilities. The company was founded by David Gladstone on June 14, 1997 and is headquartered in McLean, VA.
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