Equities analysts forecast that Gladstone Land Corp (NASDAQ:LAND) will post earnings of $0.13 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Gladstone Land’s earnings. Gladstone Land posted earnings of $0.14 per share in the same quarter last year, which indicates a negative year over year growth rate of 7.1%. The business is expected to report its next earnings report on Tuesday, February 19th.

According to Zacks, analysts expect that Gladstone Land will report full year earnings of $0.46 per share for the current financial year, with EPS estimates ranging from $0.40 to $0.51. For the next year, analysts expect that the business will post earnings of $0.58 per share, with EPS estimates ranging from $0.56 to $0.59. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Gladstone Land.

Several research firms have weighed in on LAND. Zacks Investment Research upgraded Gladstone Land from a “sell” rating to a “hold” rating in a report on Friday, August 24th. ValuEngine upgraded Gladstone Land from a “hold” rating to a “buy” rating in a report on Thursday, November 1st.

LAND stock opened at $13.41 on Monday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a market cap of $213.26 million, a price-to-earnings ratio of 25.13 and a beta of 0.99. Gladstone Land has a 1-year low of $11.36 and a 1-year high of $13.95.

The firm also recently announced a dividend, which will be paid on Monday, December 31st. Shareholders of record on Thursday, December 20th will be issued a dividend of $0.044 per share. The ex-dividend date of this dividend is Wednesday, December 19th. Gladstone Land’s dividend payout ratio is presently 94.64%.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Gladstone Land by 3.7% during the third quarter. BlackRock Inc. now owns 673,628 shares of the real estate investment trust’s stock worth $8,312,000 after acquiring an additional 24,065 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Gladstone Land by 1.0% in the third quarter. Vanguard Group Inc. now owns 600,729 shares of the real estate investment trust’s stock valued at $7,413,000 after purchasing an additional 5,735 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Gladstone Land by 31.3% in the second quarter. Renaissance Technologies LLC now owns 595,319 shares of the real estate investment trust’s stock valued at $7,543,000 after purchasing an additional 141,919 shares in the last quarter. Foster & Motley Inc. lifted its holdings in shares of Gladstone Land by 1.0% in the third quarter. Foster & Motley Inc. now owns 466,707 shares of the real estate investment trust’s stock valued at $5,759,000 after purchasing an additional 4,635 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Gladstone Land by 3.9% in the third quarter. Morgan Stanley now owns 247,517 shares of the real estate investment trust’s stock valued at $3,054,000 after purchasing an additional 9,358 shares in the last quarter. Hedge funds and other institutional investors own 33.15% of the company’s stock.

About Gladstone Land

Gladstone Land is a publicly-traded real estate investment trust that invests in farmland and farm-related properties located in major agricultural markets in the U.S., which it leases to unrelated third-party farmers. The Company reports the current fair value of its farmland on a quarterly basis; as of June 30, 2018, the estimated net asset value of the Company was $13.51 per share.

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