Today, the Treasurer of Gladstone Land (NASDAQ: LAND), Jay Beckhorn, bought shares of LAND for $1,767.
Following this transaction Jay Beckhorn’s holding in the company was increased by 30.67% to a total of $7,426. Following Jay Beckhorn’s last LAND Buy transaction on March 16, 2017, the stock climbed by 1.8%.
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Based on Gladstone Land’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $9.25 million and GAAP net loss of $297K. In comparison, last year the company earned revenue of $5.74 million and had a net profit of $152K. Currently, Gladstone Land has an average volume of 2,764.
Starting in May 2017, LAND received 8 Buy ratings in a row. Five different firms, including Compass Point and Janney Montgomery, currently also have a Buy rating on the stock.
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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.
