Gladstone Land (NASDAQ:LAND) Posts Earnings Results, Misses Estimates By $0.37 EPS

Gladstone Land (NASDAQ:LAND) issued its quarterly earnings data on Tuesday. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.37), FiscalAI reports. The firm had revenue of $41.45 million during the quarter, compared to analyst estimates of $32.07 million. Gladstone Land had a net margin of 14.50% and a return on equity of 1.46%.

Gladstone Land Price Performance

LAND stock traded up $0.20 during trading on Tuesday, reaching $11.51. 598,564 shares of the company were exchanged, compared to its average volume of 792,112. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s 50 day moving average price is $9.95 and its 200 day moving average price is $9.42. Gladstone Land has a 52-week low of $8.47 and a 52-week high of $11.85. The company has a market cap of $428.98 million, a P/E ratio of -52.32, a PEG ratio of 5.35 and a beta of 1.22.

Gladstone Land Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be issued a $0.0467 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 4.9%. Gladstone Land’s dividend payout ratio (DPR) is -254.55%.

Wall Street Analyst Weigh In

LAND has been the subject of several recent research reports. iA Financial set a $10.00 price target on shares of Gladstone Land in a research report on Tuesday, November 11th. Zacks Research cut Gladstone Land from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Wall Street Zen downgraded Gladstone Land from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. Alliance Global Partners restated a “neutral” rating on shares of Gladstone Land in a report on Tuesday, November 11th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Gladstone Land in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LAND. Parallel Advisors LLC raised its stake in shares of Gladstone Land by 40.1% in the 3rd 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. Strs Ohio acquired a new stake in Gladstone Land during the first quarter valued at approximately $63,000. Russell Investments Group Ltd. raised its holdings in shares of Gladstone Land by 164.2% during the third quarter. Russell Investments Group Ltd. now owns 6,051 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 3,761 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Gladstone Land by 348.1% during 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 during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Gladstone Land in the fourth quarter worth $94,000. 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.