Gladstone Land (NASDAQ:LAND) Announces Quarterly Earnings Results, Misses Expectations By $0.35 EPS

Gladstone Land (NASDAQ:LAND) posted its quarterly earnings results on Tuesday. The real estate investment trust reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.35), FiscalAI reports. Gladstone Land had a return on equity of 2.01% and a net margin of 15.31%.The business had revenue of $41.45 million for the quarter, compared to the consensus estimate of $32.07 million.

Gladstone Land Stock Up 8.6%

LAND stock opened at $12.50 on Thursday. Gladstone Land has a 52 week low of $8.47 and a 52 week high of $13.00. The business has a 50-day simple moving average of $10.08 and a 200 day simple moving average of $9.46. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.73. The company has a market cap of $465.88 million, a PE ratio of -104.16, a price-to-earnings-growth ratio of 5.64 and a beta of 1.22.

Gladstone Land Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be paid a $0.0467 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, March 23rd. Gladstone Land’s payout ratio is -254.55%.

Hedge Funds Weigh In On Gladstone Land

Several hedge funds and other institutional investors have recently made changes to their positions in LAND. AQR Capital Management LLC lifted its holdings in shares of Gladstone Land by 12.1% during the 1st quarter. AQR Capital Management LLC now owns 35,991 shares of the real estate investment trust’s stock worth $379,000 after acquiring an additional 3,889 shares during the period. Goldman Sachs Group Inc. raised its position in Gladstone Land by 5.9% during the first quarter. Goldman Sachs Group Inc. now owns 407,183 shares of the real estate investment trust’s stock valued at $4,284,000 after purchasing an additional 22,557 shares in the last quarter. Jane Street Group LLC lifted its stake in Gladstone Land by 141.1% during the first quarter. Jane Street Group LLC now owns 108,843 shares of the real estate investment trust’s stock worth $1,145,000 after purchasing an additional 63,702 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Gladstone Land during the first quarter worth $273,000. Finally, Strs Ohio acquired a new stake in shares of Gladstone Land in the 1st quarter valued at $63,000. 53.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LAND. Alliance Global Partners restated a “neutral” rating on shares of Gladstone Land in a research report on Tuesday, November 11th. iA Financial set a $10.00 target price on Gladstone Land in a research note on Tuesday, November 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of Gladstone Land in a report on Monday, December 29th. Zacks Research lowered Gladstone Land from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Wall Street Zen downgraded Gladstone Land from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. One equities research 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 currently has a consensus rating of “Hold” and a consensus target price of $10.00.

About Gladstone Land

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.