Gladstone Land Corporation (NASDAQ:LAND) announced a monthly dividend on Wednesday, October 11th, Wall Street Journal reports. Investors of record on Friday, October 20th will be paid a dividend of 0.0441 per share by the real estate investment trust on Tuesday, October 31st. This represents a $0.53 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, October 19th. This is a boost from Gladstone Land Corporation’s previous monthly dividend of $0.04.

Shares of Gladstone Land Corporation (NASDAQ LAND) traded up 0.37% during mid-day trading on Wednesday, hitting $13.68. 41,521 shares of the company traded hands. Gladstone Land Corporation has a one year low of $9.70 and a one year high of $14.09. The stock has a market capitalization of $164.31 million, a price-to-earnings ratio of 297.39 and a beta of 1.00. The firm has a 50-day moving average of $13.34 and a 200-day moving average of $12.01.

Gladstone Land Corporation (NASDAQ:LAND) last issued its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The business had revenue of $6.00 million for the quarter. Gladstone Land Corporation had a return on equity of 0.57% and a net margin of 2.58%. On average, equities analysts predict that Gladstone Land Corporation will post $0.06 earnings per share for the current year.

A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Gladstone Land Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Ladenburg Thalmann Financial Services reiterated a “buy” rating and set a $14.00 target price (up previously from $13.00) on shares of Gladstone Land Corporation in a research report on Monday, September 18th. They noted that the move was a valuation call.

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An institutional investor recently raised its position in Gladstone Land Corporation stock. Northern Trust Corp grew its holdings in shares of Gladstone Land Corporation (NASDAQ:LAND) by 16.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,439 shares of the real estate investment trust’s stock after purchasing an additional 7,673 shares during the quarter. Northern Trust Corp owned about 0.45% of Gladstone Land Corporation worth $624,000 at the end of the most recent reporting period. 21.11% of the stock is currently owned by institutional investors.

Gladstone Land Corporation Company Profile

Gladstone Land Corporation is an agricultural real estate investment trust (REIT). The Company is engaged in the business of owning and leasing farmland. The Company also owns various farm-related facilities, such as cooling facilities, buildings utilized for the storage and assembly of boxes for shipping produce (box barns), packinghouses, processing facilities and various storage facilities.

Dividend History for Gladstone Land Corporation (NASDAQ:LAND)

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