Gladstone Land Corp. (NASDAQ:LAND) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “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. “

Separately, JMP Securities downgraded shares of Gladstone Land Corp. from an “outperform” rating to a “market perform” rating in a report on Monday, August 15th.

Shares of Gladstone Land Corp. (NASDAQ:LAND) traded up 1.37% during midday trading on Tuesday, reaching $11.08. The firm has a 50 day moving average price of $10.45 and a 200 day moving average price of $10.84. Gladstone Land Corp. has a one year low of $6.72 and a one year high of $12.00.

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 30th. Stockholders of record on Tuesday, December 20th will be given a dividend of $0.0425 per share. This represents a $0.51 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Friday, December 16th. Gladstone Land Corp.’s payout ratio is currently 728.57%.

In related news, Director Caren D. Merrick acquired 4,432 shares of Gladstone Land Corp. stock in a transaction dated Friday, August 26th. The shares were purchased at an average price of $11.29 per share, for a total transaction of $50,037.28. Following the completion of the transaction, the director now directly owns 4,432 shares in the company, valued at approximately $50,037.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 21.67% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Kleinwort Benson Investors Dublin Ltd bought a new stake in Gladstone Land Corp. during the second quarter valued at about $1,104,000. Bellwether Investment Group LLC acquired a new stake in shares of Gladstone Land Corp. during the second quarter valued at $333,000. JPMorgan Chase & Co. acquired a new stake in shares of Gladstone Land Corp. during the second quarter valued at $219,000. Janney Montgomery Scott LLC boosted its stake in shares of Gladstone Land Corp. by 116.4% in the second quarter. Janney Montgomery Scott LLC now owns 36,246 shares of the company’s stock valued at $351,000 after buying an additional 19,496 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Gladstone Land Corp. by 8.2% in the second quarter. Vanguard Group Inc. now owns 227,884 shares of the company’s stock valued at $2,521,000 after buying an additional 17,218 shares in the last quarter. Hedge funds and other institutional investors own 25.33% of the company’s stock.

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Gladstone Land Corp. Company Profile

Gladstone Land Corporation is an externally-managed, agricultural real estate investment trust (REIT). The Company is engaged in the business of owning and leasing farmland. The Company’s segment is farmland and farm-related properties. The Company is engaged in leasing its farms to independent farming operations and corporate farming operations.

5 Day Chart for NASDAQ:LAND

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