Gladstone Land (LAND) Scheduled to Post Earnings on Tuesday

Gladstone Land (NASDAQ:LANDGet Rating) will post its quarterly earnings results after the market closes on Tuesday, August 9th. Analysts expect Gladstone Land to post earnings of $0.14 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Gladstone Land Price Performance

LAND opened at $26.71 on Tuesday. The company has a fifty day moving average price of $24.05 and a two-hundred day moving average price of $30.02. The company has a debt-to-equity ratio of 1.04, a quick ratio of 3.89 and a current ratio of 3.89. Gladstone Land has a 52 week low of $21.23 and a 52 week high of $42.10. The firm has a market capitalization of $913.75 million, a PE ratio of -92.10, a P/E/G ratio of 6.17 and a beta of 0.80.

Gladstone Land Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 22nd will be issued a $0.0456 dividend. This represents a $0.55 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Wednesday, September 21st. Gladstone Land’s dividend payout ratio (DPR) is -189.66%.

Hedge Funds Weigh In On Gladstone Land

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James & Associates grew its holdings in shares of Gladstone Land by 18.1% in the 1st quarter. Raymond James & Associates now owns 45,872 shares of the real estate investment trust’s stock valued at $1,671,000 after buying an additional 7,015 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of Gladstone Land by 22.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 43,107 shares of the real estate investment trust’s stock valued at $1,570,000 after buying an additional 7,804 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Gladstone Land by 213.4% in the 1st quarter. Renaissance Technologies LLC now owns 39,800 shares of the real estate investment trust’s stock valued at $1,450,000 after buying an additional 27,100 shares during the period. Rhumbline Advisers boosted its stake in Gladstone Land by 5.4% in the 1st quarter. Rhumbline Advisers now owns 39,334 shares of the real estate investment trust’s stock worth $1,433,000 after purchasing an additional 2,031 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in Gladstone Land by 8.4% in the 1st quarter. NewEdge Advisors LLC now owns 24,432 shares of the real estate investment trust’s stock worth $890,000 after purchasing an additional 1,886 shares during the period. Institutional investors and hedge funds own 52.62% of the company’s stock.

Gladstone Land Company Profile

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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 127 farms, comprised of approximately 94,000 acres in 13 different states, valued at approximately $1.0 billion.

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Earnings History for Gladstone Land (NASDAQ:LAND)

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