Maxim Group analyst Michael Diana reiterated a Buy rating on Gladstone Land (LAND) today and set a price target of $15. The company’s shares closed yesterday at $12.51.
Diana observed:
“LAND reported 1Q19 AFFO (our core FFO) of $0.13 per share, versus its 1Q19 dividend of $0.13335 (and its new 2Q19 dividend of $0.1335).”
According to TipRanks.com, Diana is a 5-star analyst with an average return of 6.5% and a 59.2% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.
Gladstone Land has an analyst consensus of Moderate Buy, with a price target consensus of $15.
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The company has a one-year high of $13.85 and a one-year low of $11.12. Currently, Gladstone Land has an average volume of 78.71K.
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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.
