Maxim Group analyst Michael Diana has maintained their neutral stance on LAND stock, giving a Hold rating on November 6.
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Michael Diana has given his Hold rating due to a combination of factors affecting Gladstone Land’s financial outlook. Despite reporting better-than-expected core funds from operations (CFFO) in the third quarter of 2025, the company still faces challenges with ten underperforming farms that generate minimal revenue and incur higher expenses. Although management anticipates receiving significant participation rent in the fourth quarter of 2025, the estimated core FFO for 2025 and 2026 is unlikely to cover the current dividend rate.
Furthermore, the impact of tariffs on permanent crops like pistachios and almonds, which constitute a significant portion of Gladstone Land’s production, poses additional risks. While the company has sufficient cash and liquidity to maintain its dividend, the lack of acquisitions and the cautious approach in the current high-interest-rate environment contribute to the Hold rating. The potential for a rebound in crop prices and a return to fixed-base-rent leases in 2027 offers some optimism, but the current uncertainties and financial estimates justify maintaining a Hold position.
Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Horizon Technology, and Nicolet Bankshares. According to TipRanks, Diana has an average return of -0.6% and a 49.40% success rate on recommended stocks.
In another report released on November 6, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $10.00 price target.