Gladstone Land Corporation (NASDAQ:LAND) Announces Monthly Dividend of $0.05

Gladstone Land Corporation (NASDAQ:LAND) declared a monthly dividend on Tuesday, July 14th. Stockholders of record on Tuesday, August 18th will be given a dividend of 0.0467 per share by the real estate investment trust on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Tuesday, August 18th.

Gladstone Land has decreased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 2 consecutive 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 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

Shares of LAND stock opened at $8.66 on Wednesday. The stock has a 50 day moving average price of $9.07 and a two-hundred day moving average price of $9.99. Gladstone Land has a fifty-two week low of $8.40 and a fifty-two week high of $13.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.47 and a current ratio of 0.47. The company 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). Gladstone Land had a negative return on equity of 0.87% and a negative net margin of 6.68%.The business had revenue of $16.55 million during the quarter, compared to analysts’ expectations of $14.20 million. Analysts expect that Gladstone Land will post 0.45 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on LAND. Weiss Ratings downgraded shares of Gladstone Land from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Wall Street Zen downgraded Gladstone Land from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Finally, Lucid Cap Mkts raised Gladstone Land from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.00.

About Gladstone Land

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.