November 17, 2016 - By Darrin Black · 0 Comments
Gladstone Land Corp (NASDAQ:LAND) institutional sentiment increased to 2.13 in Q2 2016. Its up 0.25, from 1.88 in 2016Q1. The ratio improved, as 17 hedge funds opened new and increased holdings, while 8 sold and decreased their stock positions in Gladstone Land Corp. The hedge funds in our partner’s database now possess: 2.10 million shares, up from 2.06 million shares in 2016Q1. Also, the number of hedge funds holding Gladstone Land Corp in their top 10 holdings decreased from 1 to 0 for a decrease of 1. Sold All: 2 Reduced: 6 Increased: 15 New Position: 2.
Gladstone Land Corporation is an externally-managed, agricultural real estate investment trust . The company has a market cap of $115.28 million. The Firm is engaged in the business of owning and leasing farmland. It has a 141.63 P/E ratio. The Company’s segment is farmland and farm-related properties.
About 3,288 shares traded hands. Gladstone Land Corp (NASDAQ:LAND) has risen 8.97% since April 15, 2016 and is uptrending. It has outperformed by 4.35% the S&P500.
According to Zacks Investment Research, “Gladstone Land Corporation is a real estate investment trust. The company acquires and leases farmland to corporate and independent farmers. Its properties are situated in California and Florida. Gladstone Land Corporation is based in McLean, Virginia.”
Marathon Capital Management holds 1.15% of its portfolio in Gladstone Land Corp for 202,115 shares. Diligent Investors Llc owns 102,652 shares or 1.08% of their US portfolio. Moreover, Bard Associates Inc has 0.83% invested in the company for 140,950 shares. The New York-based Loeb Partners Corp has invested 0.05% in the stock. Shufro Rose & Co Llc, a New York-based fund reported 23,200 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 3 insider purchases, and 0 sales for $58,649 net activity.
Ratings analysis reveals 67% of Gladstone Land’s analysts are positive. Out of 3 Wall Street analysts rating Gladstone Land, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $10.50 while the high is $14.0. The stock’s average target of $12.25 is 12.28% above today’s ($10.91) share price. LAND was included in 3 notes of analysts from August 10, 2015. On Monday, August 10 the stock rating was maintained by Maxim Group with “Buy”. Janney Capital initiated Gladstone Land Corp (NASDAQ:LAND) on Thursday, December 3 with “Buy” rating. JMP Securities downgraded Gladstone Land Corp (NASDAQ:LAND) on Monday, August 15 to “Market Perform” rating.
Gladstone Land Corporation, incorporated on March 24, 2011, is an externally-managed, agricultural real estate investment trust (REIT). The Firm is engaged in the business of owning and leasing farmland. The Company’s segment is farmland and farm-related properties. The Firm is engaged in leasing its farms to independent farming activities and corporate farming operations. The Firm owns approximately 43 farms consisting of over 16,810 total acres across six states in the United States (Arizona, California, Florida, Michigan, Nebraska and Oregon). The Firm also owns approximately three cooling facilities and one facility utilized for the storage and assembly of boxes for shipping produce (a box barn). These properties are leased to approximately 33 different, unrelated tenants that are either independent or corporate farming operations. The Firm also leases a small parcel on one of its properties to an oil company.
More notable recent Gladstone Land Corp (NASDAQ:LAND) news were published by: Globenewswire.com which released: “Gladstone Land Corporation Announces Preferred Stock Offering” on August 10, 2016, also Globenewswire.com with their article: “Gladstone Land Corporation Earnings Call and Webcast Information” published on November 10, 2016, Globenewswire.com published: “Gladstone Land Corporation Announces Initial Cash Distribution for 6.375 …” on September 12, 2016. More interesting news about Gladstone Land Corp (NASDAQ:LAND) were released by: Nasdaq.com and their article: “Gladstone Land Acquires Almond Orchard in California” published on October 17, 2016 as well as Globenewswire.com‘s news article titled: “Gladstone Land Announces Acquisition of $3.2 Million Organic Farm in Florida” with publication date: March 10, 2015.
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By Darrin Black