Gladstone Land (NASDAQ:LAND) Releases Earnings Results, Misses Estimates By $0.06 EPS

Gladstone Land (NASDAQ:LAND) issued its earnings results on Tuesday. The real estate investment trust reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.06), FiscalAI reports. Gladstone Land had a negative return on equity of 0.87% and a negative net margin of 6.68%.The company had revenue of $12.69 million for the quarter, compared to analysts’ expectations of $12.28 million.

Gladstone Land Stock Up 1.0%

Shares of LAND traded up $0.08 during mid-day trading on Tuesday, hitting $8.21. The company’s stock had a trading volume of 541,292 shares, compared to its average volume of 659,561. The company’s 50-day moving average is $8.66 and its 200-day moving average is $9.86. Gladstone Land has a 52-week low of $7.92 and a 52-week high of $13.00. The firm has a market capitalization of $354.18 million, a price-to-earnings ratio of -13.46 and a beta of 1.07. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.70.

Gladstone Land Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a $0.0467 dividend. The ex-dividend date is Monday, September 21st. This represents a c) annualized dividend and a dividend yield of 6.8%. Gladstone Land’s payout ratio is currently -91.80%.

Analysts Set New Price Targets

A number of analysts recently issued reports on LAND shares. Wall Street Zen lowered Gladstone Land from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Lucid Cap Mkts raised Gladstone Land from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings cut Gladstone Land from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Gladstone Land currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Hedge Funds Weigh In On Gladstone Land

Large investors have recently bought and sold shares of the business. MetLife Investment Management LLC boosted its position in Gladstone Land by 16.1% during the 4th quarter. MetLife Investment Management LLC now owns 16,024 shares of the real estate investment trust’s stock valued at $147,000 after acquiring an additional 2,222 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Gladstone Land by 9.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,763 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 1,183 shares during the period. Jump Financial LLC bought a new position in shares of Gladstone Land in the 4th quarter worth $138,000. Virtu Financial LLC purchased a new stake in shares of Gladstone Land during the 3rd quarter worth $129,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Gladstone Land during the 4th quarter worth $127,000. Institutional investors 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.