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Gladstone Land (LAND) Gets a Buy Rating from Maxim Group


In a report released today, Michael Diana from Maxim Group reiterated a Buy rating on Gladstone Land (LAND), with a price target of $15. The company’s shares opened today at $13.35.

Diana commented:

“LAND reported 3Q18 core FFO of $0.15, versus its 3Q18 dividend of $0.1331 (and its new 4Q18 dividend of $0.1332).”

According to TipRanks.com, Diana is a 4-star analyst with an average return of 4.4% and a 56.5% success rate. Diana covers the Financial sector, focusing on stocks such as Manhattan Bridge Capital Inc, Arlington Asset Investment, and Westamerica Bancorporation.

Gladstone Land has an analyst consensus of Moderate Buy, with a price target consensus of $14.75.

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Based on Gladstone Land’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $1.74 million. In comparison, last year the company had a GAAP net loss of $221K.

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Gladstone Land Corp. is a real estate investment trust, which owns, invests, and leases farmland. It also owns farm-related properties such as buildings utilized for the storage and assembly of boxes for shipping products, packinghouses, and cooling, processing, and various storage facilities.