Gladstone Land (NASDAQ:LAND) Announces Earnings Results

Gladstone Land (NASDAQ:LAND) announced its earnings results on Tuesday. The real estate investment trust reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.06), FiscalAI reports. Gladstone Land had a negative net margin of 6.68% and a negative return on equity of 0.87%. The company had revenue of $12.69 million for the quarter, compared to the consensus estimate of $12.28 million.

Gladstone Land Stock Performance

Gladstone Land stock traded up $0.08 on Tuesday, hitting $8.21. The company’s stock had a trading volume of 540,017 shares, compared to its average volume of 658,521. Gladstone Land has a one year low of $7.92 and a one year high of $13.00. The firm has a market cap of $354.18 million, a P/E ratio of -13.46 and a beta of 1.07. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.70. The company has a fifty day moving average price of $8.66 and a 200-day moving average price of $9.86.

Gladstone Land Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a $0.0467 dividend. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Monday, September 21st. Gladstone Land’s payout ratio is -91.80%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LAND. Wall Street Zen downgraded shares of Gladstone Land from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Lucid Cap Mkts raised shares of Gladstone Land from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings lowered shares of Gladstone Land from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.00.

Institutional Investors Weigh In On Gladstone Land

Several large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. boosted its stake in Gladstone Land by 5.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 21,381 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 1,066 shares during the period. The Manufacturers Life Insurance Company lifted its position in Gladstone Land by 9.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,763 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 1,183 shares in the last quarter. Parallel Advisors LLC boosted its stake in Gladstone Land by 40.1% during 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 during the last quarter. MetLife Investment Management LLC boosted its stake in Gladstone Land by 16.1% during the 4th quarter. MetLife Investment Management LLC now owns 16,024 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 2,222 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Gladstone Land by 3.8% in the 2nd quarter. Invesco Ltd. now owns 63,898 shares of the real estate investment trust’s stock worth $650,000 after purchasing an additional 2,325 shares in the last quarter. 53.60% of the stock is currently owned by institutional investors.

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.