At Gladstone Land Corporation (NASDAQ:LAND), Share Price Got a Bit Ahead of the Fundamentals

Gladstone Land Corporation (NASDAQ:LAND) Relative Strength Index (RSI) is 73.72, with weekly volatility at 3.04% and ATR at 0.56. The LAND stock’s 52-week price range has touched low of $9.61 and a $18.15 high. Intraday shares traded counted 0.2 million, which was 31.78% higher than its 30-day average trading volume of 290.35K. Its shares traded higher over the last trading session, gaining 0.34% on 02/11/21. The shares fell to a low of $17.63 before closing at $17.93. LAND’s previous close was $17.87 while the outstanding shares total 21.99M. The firm has a beta of 0.67.

Investors have identified the REIT – Industrial company Gladstone Land Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $430.32 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Having a look at the company’s valuation, the company is expected to record 0.69 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on LAND sounds very interesting.

Is the stock of LAND attractive?

In related news, Director, ENGLISH MICHELA A sold 385 shares of the company’s stock in a transaction that recorded on Mar 17. The sale was performed at an average price of 10.84, for a total value of 4,173. As the sale deal closes, the General Counsel and Secretary, LiCalsi Michael now bought 800 shares of the company’s stock, valued at 8,064. Also, CFO, Parrish Lewis bought 500 shares of the company’s stock in a deal that was recorded on Mar 16. The shares were price at an average price of 10.13 per share, with a total market value of 5,065. Following this completion of acquisition, the Director, ADELGREN PAUL W now holds 700 shares of the company’s stock, valued at 9,975. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.80%.

6 out of 7 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Gladstone Land Corporation. 0 analysts has assigned a Sell rating on the LAND stock. The 12-month mean consensus price target for the company’s shares has been set at $17.14.


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