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

Gladstone Land (NASDAQ:LANDGet Rating) will be posting its quarterly earnings results after the market closes on Tuesday, May 10th. 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 (NASDAQ:LANDGet Rating) last posted its earnings results on Monday, February 21st. The real estate investment trust reported ($0.04) earnings per share for the quarter, meeting the Thomson Reuters’ 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 last year, the business posted $0.15 EPS. On average, analysts expect Gladstone Land to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ:LAND opened at $35.95 on Tuesday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -123.96, a PEG ratio of 7.63 and a beta of 0.64. The firm’s fifty day simple moving average is $36.09 and its 200 day simple moving average is $31.58. Gladstone Land has a twelve month low of $19.95 and a twelve month high of $42.10.

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

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in shares of Gladstone Land by 17.8% during the 4th quarter. BlackRock Inc. now owns 2,262,226 shares of the real estate investment trust’s stock valued at $76,371,000 after buying an additional 341,884 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Gladstone Land by 19.5% during the 4th quarter. Geode Capital Management LLC now owns 642,967 shares of the real estate investment trust’s stock valued at $21,706,000 after buying an additional 104,705 shares during the last quarter. State Street Corp grew its position in shares of Gladstone Land by 21.1% during the 4th quarter. State Street Corp now owns 625,220 shares of the real estate investment trust’s stock valued at $21,107,000 after buying an additional 108,736 shares during the last quarter. Morgan Stanley boosted its stake in Gladstone Land by 51.0% during the 3rd quarter. Morgan Stanley now owns 412,687 shares of the real estate investment trust’s stock valued at $9,396,000 after purchasing an additional 139,311 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Gladstone Land by 9.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 220,037 shares of the real estate investment trust’s stock worth $7,429,000 after purchasing an additional 19,640 shares during the last quarter. 52.62% of the stock is owned by institutional investors and hedge funds.

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

About Gladstone Land (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.

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Earnings History for Gladstone Land (NASDAQ:LAND)

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