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

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

Gladstone Land has decreased its dividend 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% indicating that 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

NASDAQ LAND opened at $8.66 on Wednesday. The company’s 50 day simple moving average is $9.07 and its two-hundred day simple moving average is $9.99. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.47 and a quick ratio of 0.47. Gladstone Land has a 1 year low of $8.40 and a 1 year high of $13.00. The stock has a market capitalization of $373.59 million, a PE ratio of -14.20 and a beta of 1.06.

Gladstone Land (NASDAQ:LAND) last released 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). The firm had revenue of $16.55 million for the quarter, compared to analysts’ expectations of $14.20 million. Gladstone Land had a negative net margin of 6.68% and a negative return on equity of 0.87%. Analysts predict that Gladstone Land will post 0.45 earnings per share for the current fiscal year.

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.