Ladenburg Sticks to Its Buy Rating for Gladstone Land

By Carrie Williams

Ladenburg analyst Daniel Donlan reiterated a Buy rating on Gladstone Land (NASDAQ: LAND) today. The company’s shares closed yesterday at $11.41.

According to TipRanks.com, Donlan is a 1-star analyst with an average return of -0.6% and a 61.5% success rate. Donlan covers the Financial sector, focusing on stocks such as Innovative Industrial Properties Inc, NexPoint Residential Trust Inc, and Four Corners Property Trust.

Gladstone Land has an analyst consensus of Moderate Buy, with a price target consensus of $14.50.

Gladstone Land’s market cap is currently $135.2M and has a P/E ratio of 343.67. The company has a book value ratio of 1.4323.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LAND in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Gladstone Land Corp. is a real estate investment trust. It engages in purchasing farms and farm-related properties and leasing them to farmers. The company acquires farmland, which it rents to corporate and independent farmers on a triple-net lease basis, an arrangement under which the farmer maintains the property while paying rent.