Maxim Group Sticks to Its Buy Rating for Gladstone Land (LAND)


Maxim Group analyst Michael Diana reiterated a Buy rating on Gladstone Land (NASDAQ: LAND) today and set a price target of $15. The company’s shares opened today at $12.82.

Diana commented:

“LAND reported 2Q18 core FFO of $0.11, versus its 2Q18 dividend of $0.1329 (and its new 3Q18 dividend of $0.1331).”

According to TipRanks.com, Diana is a 5-star analyst with an average return of 7.4% and a 63.0% 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 $14.29 and a one-year low of $11.36. Currently, Gladstone Land has an average volume of 124.4K.

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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.

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