Gladstone Land Corporation (LAND) To Go Ex-Dividend on July 24th

Gladstone Land Corporation (NASDAQ:LAND) announced a monthly dividend on Tuesday, July 14th. Investors of record on Friday, July 24th will be paid a dividend of 0.0467 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date is Friday, July 24th.

Gladstone Land has decreased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 2 years. Gladstone Land has a payout ratio of -114.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Gladstone Land to earn $0.45 per share next year, which means the company may not be able to cover its $0.56 annual dividend with an expected future payout ratio of 124.4%.

Gladstone Land Stock Performance

NASDAQ LAND opened at $8.66 on Thursday. The firm’s 50-day moving average is $9.04 and its two-hundred day moving average is $9.99. Gladstone Land has a 12 month low of $8.40 and a 12 month high of $13.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $373.59 million, a P/E ratio of -14.20 and a beta of 1.06.

Gladstone Land (NASDAQ:LAND) last announced its quarterly earnings results on Monday, May 11th. The real estate investment trust reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). The company had revenue of $16.55 million for the quarter, compared to analyst estimates of $14.20 million. Gladstone Land had a negative net margin of 6.68% and a negative return on equity of 0.87%. On average, sell-side analysts anticipate that Gladstone Land will post 0.45 earnings per share for the current year.

Institutional Investors Weigh In On Gladstone Land

Hedge funds have recently added to or reduced their stakes in the business. PFG Investments LLC increased its position in shares of Gladstone Land by 611.8% during the fourth quarter. PFG Investments LLC now owns 295,533 shares of the real estate investment trust’s stock worth $2,704,000 after acquiring an additional 254,015 shares during the period. GSA Capital Partners LLP boosted its holdings in Gladstone Land by 177.6% in the fourth quarter. GSA Capital Partners LLP now owns 239,733 shares of the real estate investment trust’s stock valued at $2,194,000 after purchasing an additional 153,375 shares during the period. Harbor Capital Advisors Inc. purchased a new position in Gladstone Land in the fourth quarter valued at $97,000. Abel Hall LLC grew its stake in Gladstone Land by 7.4% during the 1st quarter. Abel Hall LLC now owns 21,704 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 1,498 shares in the last quarter. Finally, Comprehensive Money Management Services LLC increased its holdings in Gladstone Land by 28.5% during the 1st quarter. Comprehensive Money Management Services LLC now owns 30,816 shares of the real estate investment trust’s stock worth $314,000 after purchasing an additional 6,840 shares during the period. 53.60% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Land Company Profile

Gladstone Land Corporation (NASDAQ: LAND) is a publicly traded real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland in the United States. Established in 2013 and headquartered in Wayne, Pennsylvania, the company focuses on purchasing high-quality agricultural properties and leasing them to farmers under long‐term, triple‐net lease agreements. This model provides tenants with operational flexibility while generating stable, recurring rental income for investors.

The company’s portfolio spans several key agricultural regions across the country, including California, the Midwest, and parts of the Southeast.