Gladstone Land (NASDAQ:LAND – Get Free Report) is set to post its quarterly earnings results after the market closes on Tuesday, February 20th. Analysts expect Gladstone Land to post earnings of $0.18 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Gladstone Land Stock Performance
Shares of LAND stock opened at $13.81 on Tuesday. Gladstone Land has a one year low of $13.32 and a one year high of $19.08. The company’s 50-day moving average is $14.13 and its 200 day moving average is $14.62. The company has a market capitalization of $494.95 million, a price-to-earnings ratio of -47.62, a price-to-earnings-growth ratio of 3.57 and a beta of 1.03. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.58 and a current ratio of 2.58.
Gladstone Land Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, March 21st will be given a dividend of $0.0465 per share. This represents a $0.56 annualized dividend and a yield of 4.04%. The ex-dividend date is Wednesday, March 20th. Gladstone Land’s dividend payout ratio (DPR) is -193.10%.
Hedge Funds Weigh In On Gladstone Land
Wall Street Analyst Weigh In
LAND has been the topic of several research analyst reports. B. Riley restated a “neutral” rating on shares of Gladstone Land in a research note on Tuesday, December 12th. TheStreet cut shares of Gladstone Land from a “c-” rating to a “d+” rating in a research note on Friday, November 17th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.67.
About Gladstone Land
Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion.
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