Gladstone Land (NASDAQ:LAND) Posts Earnings Results, Misses Estimates By $0.35 EPS

Gladstone Land (NASDAQ:LAND) posted its quarterly earnings data on Tuesday. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.35), FiscalAI reports. The firm had revenue of $41.45 million for the quarter, compared to the consensus estimate of $32.07 million. Gladstone Land had a return on equity of 1.46% and a net margin of 14.50%.

Gladstone Land Trading Up 1.8%

LAND opened at $11.51 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $428.98 million, a P/E ratio of -52.32, a P/E/G ratio of 5.54 and a beta of 1.22. Gladstone Land has a 12 month low of $8.47 and a 12 month high of $11.85. The firm’s fifty day simple moving average is $10.01 and its 200 day simple moving average is $9.44.

Gladstone Land Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be issued a dividend of $0.0467 per share. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Monday, March 23rd. Gladstone Land’s payout ratio is -254.55%.

Institutional Investors Weigh In On Gladstone Land

Large investors have recently added to or reduced their stakes in the business. Fox Run Management L.L.C. acquired a new stake in Gladstone Land in the 4th quarter worth about $237,000. Cerity Partners LLC raised its holdings in shares of Gladstone Land by 72.6% during the 4th quarter. Cerity Partners LLC now owns 22,644 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 9,524 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Gladstone Land in the fourth quarter worth about $203,000. Ameriprise Financial Inc. boosted its position in Gladstone Land by 5.2% in the third quarter. Ameriprise Financial Inc. now owns 21,381 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 1,066 shares in the last quarter. Finally, Abel Hall LLC grew its position in Gladstone Land by 103.8% during the 3rd quarter. Abel Hall LLC now owns 20,691 shares of the real estate investment trust’s stock worth $190,000 after acquiring an additional 10,540 shares during the last quarter. Institutional investors own 53.60% of the company’s stock.

Analyst Ratings Changes

LAND has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gladstone Land in a research note on Monday, December 29th. Alliance Global Partners restated a “neutral” rating on shares of Gladstone Land in a report on Tuesday, November 11th. Zacks Research cut shares of Gladstone Land from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Wall Street Zen lowered shares of Gladstone Land from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Finally, iA Financial set a $10.00 target price on shares of Gladstone Land in a report on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $10.00.

Gladstone Land Company Profile

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.