Gladstone Land Corp (NASDAQ:LAND) has been upgraded to Hold in a report by Zacks Investment Research today.
- Updated: January 11, 2017
Having a price of $11.44, Gladstone Land Corp (NASDAQ:LAND) traded 2.51% higher on the day. With the last close up 4.31% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.05% over the date range. Gladstone Land Corp has recorded a 50-day average of $10.97 and a two hundred day average of $10.96. Volume of trade was down over the average, with 0 shares of LAND changing hands under the typical 22,898
Zacks Investment Research has upgraded Gladstone Land Corp (NASDAQ:LAND) to Hold in a statement released on Thursday January 12, 2017.
With a total market value of $0, Gladstone Land Corp has price-earnings ratio of 150.39 with a one year low of $6.72 and a one year high of $12.00 .
General Information About Gladstone Land Corp (NASDAQ:LAND)
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. The Company owns approximately 43 farms consisting of over 16,810 total acres across six states in the United States (Arizona, California, Florida, Michigan, Nebraska and Oregon). The Company also owns approximately three cooling facilities and one facility utilized for the storage and assembly of boxes for shipping produce (a box barn). These properties are leased to approximately 33 different, unrelated tenants that are either independent or corporate farming operations. It also leases a small parcel on one of its properties to an oil company. Its properties include San Andreas, West Gonzales, West Beach, Dalton Lane and Keysville Road.
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