Gladstone Land (LAND) Is At $13.77 Formed Wedge; Blackrock Resources & Commodities Strategy Trust (BCX) Has 1.37 Sentiment

November 15, 2017 - By Nellie Frank

Gladstone Land Corp (LAND) formed wedge up with $14.32 target or 4.00% above today’s $13.77 share price. Gladstone Land Corp (LAND) has $181.34M valuation. The stock increased 0.36% or $0.05 on November 14, reaching $13.77. About shares traded. Gladstone Land Corp (NASDAQ:LAND) has risen 10.50% since November 15, 2016 and is uptrending. It has underperformed by 6.20% the S&P500.

BlackRock Resources & Commodities Strategy Trust is a non-diversified, closed-end management investment company. The company has market cap of $879.32 million. The Trust’s primary investment objective is to seek high current income and current gains, with a secondary objective of capital appreciation. It currently has negative earnings. It will seek to achieve its investment objectives, under normal market conditions, by investing at least 80% of its total assets in equity securities issued by commodity or natural resources companies, derivatives with exposure to commodity or natural resources companies or investments in securities and derivatives linked to the underlying price movement of commodities or natural resources.

Since June 14, 2017, it had 1 insider purchase, and 0 selling transactions for $227,640 activity. Another trade for 20,000 shares valued at $227,640 was bought by GLADSTONE DAVID.

Analysts await Gladstone Land Corp (NASDAQ:LAND) to report earnings on February, 20. They expect $0.15 earnings per share, up 7.14% or $0.01 from last year’s $0.14 per share. LAND’s profit will be $1.98M for 22.95 P/E if the $0.15 EPS becomes a reality. After $0.14 actual earnings per share reported by Gladstone Land Corp for the previous quarter, Wall Street now forecasts 7.14% EPS growth.

Investors sentiment increased to 1.82 in 2017 Q2. Its up 0.15, from 1.67 in 2017Q1. It is positive, as 2 investors sold Gladstone Land Corp shares while 9 reduced holdings. 5 funds opened positions while 15 raised stakes. 2.74 million shares or 4.73% more from 2.62 million shares in 2017Q1 were reported. 21,073 were reported by Jpmorgan Chase & Com. Horizon Kinetics stated it has 0.03% of its portfolio in Gladstone Land Corp (NASDAQ:LAND). State Of New Jersey Common Pension Fund D accumulated 344,000 shares. Janney Montgomery Scott Llc invested 0% in Gladstone Land Corp (NASDAQ:LAND). Geode Cap Ltd Llc holds 0% of its portfolio in Gladstone Land Corp (NASDAQ:LAND) for 80,282 shares. Bard Assoc Incorporated has invested 0.71% of its portfolio in Gladstone Land Corp (NASDAQ:LAND). Moreover, Asset One Com Ltd has 0% invested in Gladstone Land Corp (NASDAQ:LAND) for 54 shares. Credit Agricole S A holds 0% of its portfolio in Gladstone Land Corp (NASDAQ:LAND) for 72,095 shares. Price T Rowe Associate Md has 0% invested in Gladstone Land Corp (NASDAQ:LAND). Deutsche National Bank & Trust Ag accumulated 83,368 shares or 0% of the stock. Strs Ohio accumulated 0% or 11,595 shares. Shufro Rose & Limited Liability invested in 48,000 shares. Marathon Cap Management invested in 1% or 181,190 shares. 12,752 are held by Morgan Stanley. Wells Fargo & Com Mn owns 277,703 shares.

Among 5 analysts covering Gladstone Land (NASDAQ:LAND), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Gladstone Land had 8 analyst reports since August 10, 2015 according to SRatingsIntel. Maxim Group maintained the shares of LAND in report on Wednesday, August 9 with “Buy” rating. The firm has “Buy” rating by Maxim Group given on Wednesday, November 8. The stock of Gladstone Land Corp (NASDAQ:LAND) earned “Neutral” rating by Hilliard Lyons on Wednesday, November 8. As per Thursday, December 3, the company rating was initiated by Janney Capital. The firm has “Buy” rating by Maxim Group given on Friday, November 10. On Wednesday, June 28 the stock rating was maintained by Ladenburg with “Buy”. On Monday, August 15 the stock rating was downgraded by JMP Securities to “Market Perform”. The firm has “Buy” rating by Maxim Group given on Monday, August 10.

Penn Mutual Life Insurance Co holds 4.33% of its portfolio in BlackRock Resources and Commodities for 616,000 shares. 1607 Capital Partners Llc owns 6.02 million shares or 2.88% of their US portfolio. Moreover, Cornerstone Advisors Inc has 2.09% invested in the company for 1.42 million shares. The California-based Knightsbridge Asset Management Llc has invested 1.33% in the stock. Oxbow Advisors Llc, a Texas-based fund reported 463,194 shares.

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