Gladstone Land (LAND) Receives a Buy from Maxim Group

By Carrie Williams

In a report released yesterday, Michael Diana from Maxim Group reiterated a Buy rating on Gladstone Land (LANDResearch Report), with a price target of $15.00. The company’s shares closed last Monday at $12.05.

According to TipRanks.com, Diana is a 5-star analyst with an average return of 5.4% and a 61.9% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Arlington Asset Investment, and Westamerica Bancorporation.

Gladstone Land has an analyst consensus of Moderate Buy, with a price target consensus of $14.25.

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Based on Gladstone Land’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $517K. In comparison, last year the company had a net profit of $5.68 million.

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Gladstone Land Corp. is an agricultural real estate investment trust, which engages in the business of owning and leasing farmland. It also includes farm-related facilities, such as cooling facilities, packinghouses, processing facilities, and various storage facilities.