Gladstone Land (LAND) Set to Announce Earnings on Tuesday

Gladstone Land (NASDAQ:LAND) is scheduled to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Gladstone Land to post earnings of $0.15 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Gladstone Land Trading Up 0.2 %

Shares of LAND traded up $0.02 during trading hours on Tuesday, hitting $12.74. 73,006 shares of the stock traded hands, compared to its average volume of 199,222. The firm has a market capitalization of $456.60 million, a PE ratio of -47.11, a price-to-earnings-growth ratio of 3.25 and a beta of 1.00. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.80. Gladstone Land has a 1-year low of $12.31 and a 1-year high of $17.48. The business has a fifty day moving average of $12.98 and a 200-day moving average of $13.72.

Gladstone Land Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be issued a $0.0466 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.56 annualized dividend and a yield of 4.39%. Gladstone Land’s dividend payout ratio is currently -207.41%.

About Gladstone Land

Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion.