Gladstone Land (LAND) Set to Announce Quarterly Earnings on Tuesday

Gladstone Land (NASDAQ:LANDGet Rating) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 10th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Gladstone Land (NASDAQ:LANDGet Rating) last announced its quarterly earnings data on Monday, February 21st. The real estate investment trust reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). Gladstone Land had a net margin of 4.65% and a return on equity of 0.70%. During the same quarter in the prior year, the business posted $0.15 earnings per share. On average, analysts expect Gladstone Land to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of LAND stock opened at $35.95 on Tuesday. The company has a market cap of $1.24 billion, a price-to-earnings ratio of -123.96, a price-to-earnings-growth ratio of 7.63 and a beta of 0.64. Gladstone Land has a 52 week low of $19.95 and a 52 week high of $42.10. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.13. The firm has a 50 day moving average of $36.09 and a 200-day moving average of $31.58.

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 22nd will be given a $0.0454 dividend. This represents a $0.54 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, June 21st. Gladstone Land’s payout ratio is currently -186.20%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. raised its stake in shares of Gladstone Land by 289.9% during the 4th quarter. Sei Investments Co. now owns 37,438 shares of the real estate investment trust’s stock worth $1,264,000 after purchasing an additional 27,836 shares during the period. NewEdge Advisors LLC bought a new stake in Gladstone Land in the 4th quarter valued at about $761,000. LPL Financial LLC raised its stake in Gladstone Land by 35.2% in the 3rd quarter. LPL Financial LLC now owns 28,886 shares of the real estate investment trust’s stock valued at $658,000 after acquiring an additional 7,518 shares during the period. Cubist Systematic Strategies LLC raised its stake in Gladstone Land by 61.8% in the 4th quarter. Cubist Systematic Strategies LLC now owns 19,249 shares of the real estate investment trust’s stock valued at $650,000 after acquiring an additional 7,349 shares during the period. Finally, Invesco Ltd. raised its stake in Gladstone Land by 14.8% in the 3rd quarter. Invesco Ltd. now owns 26,567 shares of the real estate investment trust’s stock valued at $605,000 after acquiring an additional 3,431 shares during the period. Institutional investors own 52.62% of the company’s stock.

Several analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Gladstone Land from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. StockNews.com cut Gladstone Land from a “hold” rating to a “sell” rating in a research note on Saturday, March 26th. Finally, B. Riley raised their price objective on Gladstone Land from $31.00 to $32.00 in a research note on Thursday, February 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.50.

Gladstone Land Company Profile (Get Rating)

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 127 farms, comprised of approximately 94,000 acres in 13 different states, valued at approximately $1.0 billion.

See Also

Earnings History for Gladstone Land (NASDAQ:LAND)

Receive News & Ratings for Gladstone Land Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Land and related companies with MarketBeat.com's FREE daily email newsletter.