Gladstone Land Corporation (LAND) to Distribute Monthly Dividend of $0.05 on August 31st

Gladstone Land Corporation (NASDAQ:LAND) announced a monthly dividend on Tuesday, July 14th. Stockholders of record on Tuesday, August 18th will be paid a dividend of 0.0467 per share by the real estate investment trust on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Tuesday, August 18th.

Gladstone Land has decreased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 2 years. Gladstone Land has a payout ratio of -114.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Gladstone Land to earn $0.45 per share next year, which means the company may not be able to cover its $0.56 annual dividend with an expected future payout ratio of 124.4%.

Gladstone Land Stock Performance

NASDAQ:LAND opened at $8.66 on Thursday. The stock’s 50-day moving average is $9.04 and its 200-day moving average is $9.99. Gladstone Land has a 1-year low of $8.40 and a 1-year high of $13.00. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.70. The stock has a market cap of $373.59 million, a P/E ratio of -14.20 and a beta of 1.06.

Gladstone Land (NASDAQ:LAND) last posted its earnings results on Monday, May 11th. The real estate investment trust reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.02). Gladstone Land had a negative return on equity of 0.87% and a negative net margin of 6.68%.The business had revenue of $16.55 million for the quarter, compared to analyst estimates of $14.20 million. Equities research analysts anticipate that Gladstone Land will post 0.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

About Gladstone Land

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.