Gladstone Land (NASDAQ:LAND) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Gladstone Land Co. (NASDAQ:LAND)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.66 and traded as high as $13.73. Gladstone Land shares last traded at $13.38, with a volume of 327,968 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LAND. Maxim Group cut shares of Gladstone Land from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. Alliance Global Partners cut shares of Gladstone Land from a “buy” rating to a “neutral” rating and reduced their price target for the company from $16.00 to $14.50 in a report on Friday. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $15.50.

Gladstone Land Price Performance

The stock has a market cap of $462.69 million, a price-to-earnings ratio of -49.65, a price-to-earnings-growth ratio of 4.41 and a beta of 1.08. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.43 and a current ratio of 4.43. The company has a 50-day simple moving average of $13.68 and a two-hundred day simple moving average of $13.66.

Gladstone Land Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a $0.0467 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.34%. Gladstone Land’s payout ratio is -215.38%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC bought a new position in shares of Gladstone Land during the first quarter worth approximately $652,000. Price T Rowe Associates Inc. MD raised its holdings in Gladstone Land by 17.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,922 shares of the real estate investment trust’s stock valued at $306,000 after acquiring an additional 3,421 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Gladstone Land by 41.0% during the 3rd quarter. SG Americas Securities LLC now owns 12,280 shares of the real estate investment trust’s stock valued at $171,000 after acquiring an additional 3,572 shares during the period. Creative Planning grew its holdings in shares of Gladstone Land by 52.6% during the 2nd quarter. Creative Planning now owns 20,321 shares of the real estate investment trust’s stock worth $278,000 after purchasing an additional 7,003 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Gladstone Land by 8.7% in the second quarter. Sei Investments Co. now owns 22,512 shares of the real estate investment trust’s stock worth $308,000 after purchasing an additional 1,804 shares during the period. 53.60% of the stock is owned by institutional investors and hedge funds.

Gladstone Land Company Profile

Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion.