Gladstone Land (NASDAQ:LAND) Issues Earnings Results

Gladstone Land (NASDAQ:LAND) released its earnings results on Monday. The real estate investment trust reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02), FiscalAI reports. The firm had revenue of $16.55 million during the quarter, compared to analyst estimates of $14.20 million. Gladstone Land had a return on equity of 2.01% and a net margin of 15.31%.

Gladstone Land Trading Down 3.2%

LAND stock traded down $0.32 during mid-day trading on Monday, reaching $9.42. 565,450 shares of the stock traded hands, compared to its average volume of 665,917. The stock’s fifty day moving average is $10.75 and its 200-day moving average is $10.03. The company has a market cap of $395.05 million, a P/E ratio of -78.45 and a beta of 1.07. Gladstone Land has a 52-week low of $8.47 and a 52-week high of $13.00. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71.

Gladstone Land Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of $0.0467 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 6.0%. Gladstone Land’s dividend payout ratio is currently -466.67%.

Analysts Set New Price Targets

A number of research firms have weighed in on LAND. Weiss Ratings upgraded Gladstone Land from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Zacks Research downgraded Gladstone Land from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $10.00.

Institutional Trading of Gladstone Land

Hedge funds have recently modified their holdings of the business. Parallel Advisors LLC lifted its holdings in shares of Gladstone Land by 40.1% in the third quarter. Parallel Advisors LLC now owns 4,840 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 1,386 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Gladstone Land by 164.2% in the third quarter. Russell Investments Group Ltd. now owns 6,051 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 3,761 shares in the last quarter. Strs Ohio purchased a new stake in shares of Gladstone Land in the first quarter valued at $63,000. Tower Research Capital LLC TRC lifted its holdings in shares of Gladstone Land by 348.1% in the second quarter. Tower Research Capital LLC TRC now owns 8,845 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 6,871 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Gladstone Land in the fourth quarter valued at $94,000. Hedge funds and other 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.