Gladstone Land (NASDAQ:LAND) Issues Earnings Results

Gladstone Land (NASDAQ:LAND) released its quarterly earnings data on Tuesday. The real estate investment trust reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.06), FiscalAI reports. Gladstone Land had a negative net margin of 7.31% and a negative return on equity of 0.96%. The company had revenue of $12.69 million during the quarter, compared to the consensus estimate of $12.28 million.

Gladstone Land Stock Down 0.2%

NASDAQ:LAND opened at $8.19 on Thursday. The stock’s fifty day simple moving average is $8.62 and its 200-day simple moving average is $9.84. The firm has a market capitalization of $353.29 million, a P/E ratio of -14.89 and a beta of 1.07. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.70. Gladstone Land has a 12-month low of $7.92 and a 12-month high of $13.00.

Gladstone Land Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a $0.0467 dividend. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Monday, September 21st. Gladstone Land’s dividend payout ratio (DPR) is currently -101.82%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gladstone Land in a research report on Friday, August 7th. Lucid Cap Mkts upgraded shares of Gladstone Land from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Wall Street Zen cut shares of Gladstone Land from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LAND. Corient Private Wealth LLC acquired a new stake in shares of Gladstone Land during the fourth quarter worth about $114,000. Jump Financial LLC acquired a new stake in Gladstone Land during the 4th quarter worth approximately $138,000. Public Employees Retirement System of Ohio bought a new position in Gladstone Land in the fourth quarter valued at approximately $109,000. Virtu Financial LLC acquired a new position in shares of Gladstone Land in the third quarter valued at approximately $129,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of Gladstone Land by 26.5% during the third quarter. Quadrant Capital Group LLC now owns 15,978 shares of the real estate investment trust’s stock worth $146,000 after acquiring an additional 3,343 shares during the period. Institutional investors and hedge funds own 53.60% of the company’s stock.

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.