Gladstone Land (NASDAQ:LAND) Has Been Downgraded Today by JMP Securities to a Mkt Underperform

Gladstone Land Corporation (NASDAQ:LAND) Logo

Investors sentiment decreased to 1.71 in Q3 2018. Its down 0.73, from 2.44 in 2018Q2. It fall, as 5 investors sold Gladstone Land Corporation shares while 16 reduced holdings. 10 funds opened positions while 26 raised stakes. 5.22 million shares or 5.79% less from 5.55 million shares in 2018Q2 were reported.

Punch And Assocs Mgmt invested 0.33% in Gladstone Land Corporation (NASDAQ:LAND). Tower Ltd Com (Trc) invested in 682 shares. New York State Common Retirement Fund invested in 0% or 14,400 shares. Metropolitan Life Ins Company holds 0% or 767 shares. Goldman Sachs Group Incorporated reported 16,298 shares. Rhumbline Advisers reported 14,419 shares. 52,692 were accumulated by Jpmorgan Chase &. Vanguard reported 600,729 shares stake. Royal National Bank Of Canada accumulated 81,299 shares. Horizon Kinetics Limited Com invested in 89,432 shares. State Of New Jersey Common Pension Fund D invested in 0.01% or 290,000 shares. Amer Gru stated it has 8,670 shares or 0% of all its holdings. Blackrock Incorporated stated it has 673,628 shares or 0% of all its holdings. Shufro Rose Co Lc owns 49,200 shares for 0.06% of their portfolio. California State Teachers Retirement Sys invested in 19,998 shares or 0% of the stock.

Gladstone Land (NASDAQ:LAND) Receives a Downgrade

JMP Securities decreased the rating for shares of Gladstone Land (NASDAQ:LAND) to aMkt Underperform from a Mkt Perform. The rating change was revealed to clients and investors in a report earlier today.

The stock decreased 8.73% or $1.1 during the last trading session, reaching $11.5. About 255,778 shares traded or 124.67% up from the average. Gladstone Land Corporation (NASDAQ:LAND) has risen 0.75% since January 14, 2018 and is uptrending. It has outperformed by 0.75% the S&P500.

Analysts await Gladstone Land Corporation (NASDAQ:LAND) to report earnings on February, 19. They expect $0.13 earnings per share, down 7.14 % or $0.01 from last year’s $0.14 per share. LAND’s profit will be $2.40 million for 22.12 P/E if the $0.13 EPS becomes a reality. After $0.15 actual earnings per share reported by Gladstone Land Corporation for the previous quarter, Wall Street now forecasts -13.33 % negative EPS growth.

Gladstone Land is a publicly-traded real estate investment trust that invests in farmland and farm-related properties located in major agricultural markets in the U.S., which it leases to farmers, and pays monthly distributions to its stockholders. The company has market cap of $212.32 million. The Firm reports the current fair value of its farmland on a quarterly basis; as of September 30, 2017, the estimated net asset value of the Company was $14.15 per share. It has a 50.66 P/E ratio. Gladstone Land currently owns 73 farms, comprised of 63,074 acres in 9 different states across the U.S., valued at approximately $533 million.

More notable recent Gladstone Land Corporation (NASDAQ:LAND) news were published by: Nasdaq.com which released: “Holiday Island Holdings in Talks With Tiny Home Builder – Nasdaq” on December 20, 2018, also Nasdaq.com with their article: “KB Home’s (KBH) Shares Jump More Than 3% on Q4 Earnings Beat – Nasdaq” published on January 10, 2019, Nasdaq.com published: “Indonesian jets force Ethiopian cargo plane to land over airspace breach – Nasdaq” on January 14, 2019. More interesting news about Gladstone Land Corporation (NASDAQ:LAND) were released by: Nasdaq.com and their article: “Holiday Island Holdings Makes Agreement With a Private Investment Firm to Raise $5 – $20 Million Starting in 2019 – Nasdaq” published on January 03, 2019 as well as Nasdaq.com‘s news article titled: “UK Stocks-Factors to watch on Jan 3 – Nasdaq” with publication date: January 03, 2019.

Gladstone Land Corporation (NASDAQ:LAND) Institutional Positions Chart

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