Equities research analysts forecast that Gladstone Land Corporation (NASDAQ:LAND) will report earnings per share (EPS) of $0.15 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Gladstone Land’s earnings. Gladstone Land posted earnings per share of $0.01 during the same quarter last year, which suggests a positive year over year growth rate of 1,400%. The company is scheduled to announce its next earnings report on Tuesday, February 20th.

On average, analysts expect that Gladstone Land will report full-year earnings of $0.59 per share for the current fiscal year, with EPS estimates ranging from $0.57 to $0.61. For the next financial year, analysts forecast that the company will report earnings of $0.66 per share, with EPS estimates ranging from $0.62 to $0.72. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Gladstone Land.

A number of research firms recently weighed in on LAND. Zacks Investment Research raised shares of Gladstone Land from a “sell” rating to a “hold” rating in a research report on Saturday, September 23rd. Hilliard Lyons lowered shares of Gladstone Land from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. Finally, Ladenburg Thalmann Financial Services restated a “buy” rating and set a $14.00 price objective (up previously from $13.00) on shares of Gladstone Land in a report on Monday, September 18th. They noted that the move was a valuation call.

A number of large investors have recently modified their holdings of LAND. Bank of New York Mellon Corp grew its stake in Gladstone Land by 13.8% during the first quarter. Bank of New York Mellon Corp now owns 47,587 shares of the real estate investment trust’s stock valued at $528,000 after acquiring an additional 5,786 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Gladstone Land by 10.4% during the first quarter. JPMorgan Chase & Co. now owns 9,890 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 929 shares during the last quarter. Renaissance Technologies LLC lifted its position in Gladstone Land by 18.3% during the first quarter. Renaissance Technologies LLC now owns 445,700 shares of the real estate investment trust’s stock valued at $4,947,000 after purchasing an additional 68,800 shares during the last quarter. Bank of America Corp DE lifted its position in Gladstone Land by 1.2% during the first quarter. Bank of America Corp DE now owns 9,618 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 118 shares during the last quarter. Finally, Strs Ohio lifted its position in Gladstone Land by 8.9% during the second quarter. Strs Ohio now owns 11,595 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 943 shares during the last quarter. 22.81% of the stock is owned by institutional investors.

Gladstone Land (LAND) traded up $0.19 during trading on Friday, hitting $13.60. 49,685 shares of the company’s stock were exchanged, compared to its average volume of 63,189. Gladstone Land has a 12-month low of $10.35 and a 12-month high of $14.29. The company has a market capitalization of $182.89, a price-to-earnings ratio of 24.16 and a beta of 0.98. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.86 and a quick ratio of 0.86.

The firm also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 20th will be paid a $0.0441 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.53 annualized dividend and a dividend yield of 3.89%. Gladstone Land’s payout ratio is 1,767.26%.

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About Gladstone Land

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.

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