Gladstone Land Corporation (LAND): A brief note on last quarter

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Gladstone Land Corporation (NASDAQ:LAND) changes shares on Tuesday trading session, with a change of 2.37% or $0.37 shares. The trading starts at $15.98 and closed at $15.61 throughout the day. The trading session low price was $15.5375 and day high was $16.16 on Tuesday, June 16. After the session, the Real Estate sector daily volume shifted to 0.16 million while its average volume is 190.72K. In other hand, the LAND market cap reached to $321.36M. While, its current target price is $15.98 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 2.30% and up 22.92% for month. Its quarterly performance was 46.47% above, while its half year performance is up 24.26%. LAND yearly performance stood at positive 30.88% and rise 23.21% for year-to-date. Current recommendation for Gladstone Land Corporation is 2.10.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. LAND EPS (TTM) for 12-month is -0.06. EPS for this year is -187.80%, while for the next year its value is -0.23. Its EPS Q/Q reached 259.70%. It has an EPS of -47.50% down for past five years and for the next five years will be up 10.00%.

Let’s take a look on the analyst recommendations on LAND for the current month and previous month. For the current month, 5 of 6 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $14.00-$17.50. Average target price for LAND was reached at $15.75.

Vanguard Group, Inc. (The), Blackrock Inc. and State Street Corporation are the top three holders in Gladstone Land Corporation (LAND) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 1.73 million shares which valued 20.51 million. On Mar 30, 2020, Blackrock Inc. owned 1.27 million shares which valued at 15.04 million. On Mar 30, 2020, State Street Corporation has a total of 0.36 million shares which valued at 4.29 million. In the end, State Street Corporation have 1.70% shares outstanding of Gladstone Land Corporation (LAND) on Mar 30, 2020. The insider ownership moved to 0.10% and institutional holding shifted to 39.10%.

The company posted an EPS (TTM) of -0.06. According to the most recent quarter report on (Jun 2020), 4 analysts estimated an average EPS of -0.07, while -0.04 EPS posted a year ago period. Analyst Estimated EPS for LAND published in the report was -0.1–0.05 during the same period. Comparing with last year, the average estimated EPS was -0.04 which is lower than 0.04 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for LAND rise 24.97% for period of 200 days. SMA for 50 days was 16.16% which is showing green signal, while SMA-20 was 7.16%. The moving average value for Gladstone Land Corporation (LAND) is 13.21 and 14.42 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in LAND stock. On Mar 17, ENGLISH MICHELA A, Director, sold 385 trading shares at the cost of $10.84, which valued at 4173.0. On Mar 16, LiCalsi Michael, General Counsel and Secretary, bought 800 shares at the cost of $10.08, with total shares of 1,485. On Mar 16, Parrish Lewis, CFO, bought 500 shares at the cost of 10.13. After this transaction, Parrish Lewis total shares reached to 3,500 which valued at 5065.0.