Gladstone Land (NASDAQ:LAND) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Gladstone Land Co. (NASDAQ:LAND)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.06 and traded as low as $10.27. Gladstone Land shares last traded at $10.43, with a volume of 353,002 shares changing hands.

Analysts Set New Price Targets

Separately, Alliance Global Partners downgraded Gladstone Land from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $16.00 to $14.50 in a research report on Friday, November 8th.

Gladstone Land Stock Up 0.3 %

The stock has a fifty day moving average of $11.50 and a two-hundred day moving average of $13.06. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.77. The stock has a market cap of $377.41 million, a price-to-earnings ratio of -40.12, a PEG ratio of 3.84 and a beta of 1.05.

Institutional Trading of Gladstone Land

A number of institutional investors have recently modified their holdings of LAND. Marathon Capital Management increased its holdings in Gladstone Land by 0.5% in the 2nd quarter. Marathon Capital Management now owns 154,271 shares of the real estate investment trust’s stock valued at $2,112,000 after purchasing an additional 781 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Gladstone Land by 9.2% in the second quarter. The Manufacturers Life Insurance Company now owns 13,864 shares of the real estate investment trust’s stock worth $190,000 after buying an additional 1,172 shares during the period. Hunter Perkins Capital Management LLC grew its stake in shares of Gladstone Land by 3.6% in the third quarter. Hunter Perkins Capital Management LLC now owns 37,450 shares of the real estate investment trust’s stock valued at $521,000 after buying an additional 1,300 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Gladstone Land by 224.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 1,334 shares during the period. Finally, Centiva Capital LP lifted its position in Gladstone Land by 13.2% during the 3rd quarter. Centiva Capital LP now owns 14,487 shares of the real estate investment trust’s stock worth $201,000 after acquiring an additional 1,691 shares in the last quarter. Hedge funds and other 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.