Brokerages forecast that Gladstone Land Corp (NASDAQ:LAND) will announce earnings of $0.12 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Gladstone Land’s earnings. Gladstone Land posted earnings per share of $0.14 during the same quarter last year, which suggests a negative year over year growth rate of 14.3%. The business is expected to report its next quarterly earnings report on Tuesday, May 14th.

According to Zacks, analysts expect that Gladstone Land will report full year earnings of $0.51 per share for the current financial year, with EPS estimates ranging from $0.50 to $0.51. For the next year, analysts expect that the company will post earnings of $0.56 per share, with EPS estimates ranging from $0.53 to $0.58. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Gladstone Land.

A number of research firms recently weighed in on LAND. ValuEngine lowered shares of Gladstone Land from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Zacks Investment Research upgraded shares of Gladstone Land from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Thursday, January 24th. JMP Securities lowered shares of Gladstone Land from a “market perform” rating to an “underperform” rating in a research report on Monday, January 14th. Finally, Maxim Group reiterated a “buy” rating and issued a $15.00 price objective on shares of Gladstone Land in a research report on Thursday, February 28th.

NASDAQ:LAND traded up $0.05 during midday trading on Thursday, reaching $12.55. The stock had a trading volume of 53,715 shares, compared to its average volume of 80,830. Gladstone Land has a 12-month low of $11.12 and a 12-month high of $13.85. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market cap of $226.56 million, a price-to-earnings ratio of 24.60 and a beta of 0.98.

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 28th. Investors of record on Wednesday, February 20th were given a $0.0445 dividend. The ex-dividend date of this dividend was Tuesday, February 19th. This represents a $0.53 dividend on an annualized basis and a yield of 4.25%. Gladstone Land’s dividend payout ratio (DPR) is 103.92%.

In other news, CEO David Gladstone acquired 100,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average cost of $12.00 per share, for a total transaction of $1,200,000.00. Following the transaction, the chief executive officer now directly owns 2,015,300 shares in the company, valued at approximately $24,183,600. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 16.08% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in shares of Gladstone Land by 10.3% during the 4th quarter. BlackRock Inc. now owns 743,160 shares of the real estate investment trust’s stock worth $8,530,000 after purchasing an additional 69,532 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Gladstone Land by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 600,729 shares of the real estate investment trust’s stock worth $7,413,000 after purchasing an additional 5,735 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Gladstone Land by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 600,729 shares of the real estate investment trust’s stock worth $7,413,000 after purchasing an additional 5,735 shares in the last quarter. Foster & Motley Inc. boosted its position in shares of Gladstone Land by 2.5% during the 4th quarter. Foster & Motley Inc. now owns 478,387 shares of the real estate investment trust’s stock worth $5,492,000 after purchasing an additional 11,680 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Gladstone Land by 3.9% during the 3rd quarter. Morgan Stanley now owns 247,517 shares of the real estate investment trust’s stock worth $3,054,000 after purchasing an additional 9,358 shares in the last quarter. Hedge funds and other institutional investors own 31.13% of the company’s stock.

Gladstone Land Company Profile

Gladstone Land is a publicly-traded real estate investment trust that invests in farmland and farm-related properties located in major agricultural markets in the U.S., which it leases to unrelated third-party farmers. The Company reports the current fair value of its farmland on a quarterly basis; as of September 30, 2018, the estimated net asset value of the Company was $13.79 per share.

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