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

Gladstone Land Co. (NASDAQ:LAND) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Maxim Group downgraded 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 target price for the company from $16.00 to $14.50 in a research note on Friday. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Gladstone Land presently has an average rating of “Hold” and an average 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 P/E/G ratio of 4.41 and a beta of 1.08. The company has a debt-to-equity ratio of 0.78, a current ratio of 4.43 and a quick ratio of 4.43. The stock’s 50 day simple moving average is $13.68 and its two-hundred day simple moving average is $13.66.

Gladstone Land Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a dividend of $0.0467 per share. 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 presently -215.38%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LAND. Signaturefd LLC increased its holdings in shares of Gladstone Land by 3,910.3% in the second quarter. Signaturefd LLC now owns 3,128 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 3,050 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Gladstone Land during the third quarter valued at $50,000. M&G Plc acquired a new position in shares of Gladstone Land during the first quarter valued at $138,000. LRI Investments LLC acquired a new stake in Gladstone Land in the first quarter worth about $149,000. Finally, SG Americas Securities LLC raised its holdings in 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 worth $171,000 after purchasing an additional 3,572 shares during the last quarter. Institutional investors own 53.60% of the company’s stock.

About Gladstone Land

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.