Gladstone Land (NASDAQ:LAND – Get Free Report) is set to release its earnings data after the market closes on Tuesday, February 20th. Analysts expect Gladstone Land to post earnings of $0.18 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Gladstone Land Trading Up 2.2 %
Shares of NASDAQ:LAND opened at $13.81 on Tuesday. The stock has a market capitalization of $494.95 million, a PE ratio of -47.62, a P/E/G ratio of 3.57 and a beta of 1.03. Gladstone Land has a 1 year low of $13.32 and a 1 year high of $19.08. The firm has a fifty day moving average price of $14.13 and a 200 day moving average price of $14.62. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.80.
Gladstone Land Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, March 21st will be issued a $0.0465 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Wednesday, March 20th. Gladstone Land’s dividend payout ratio is presently -193.10%.
Analyst Upgrades and Downgrades
Institutional Investors Weigh In On Gladstone Land
A number of hedge funds have recently bought and sold shares of LAND. Federated Hermes Inc. raised its position in shares of Gladstone Land by 1.1% during the first quarter. Federated Hermes Inc. now owns 53,238 shares of the real estate investment trust’s stock valued at $1,939,000 after buying an additional 566 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Gladstone Land by 4.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,767 shares of the real estate investment trust’s stock worth $308,000 after purchasing an additional 672 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Gladstone Land by 80.5% during the first quarter. Great West Life Assurance Co. Can now owns 1,565 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 698 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings in shares of Gladstone Land by 1.9% during the fourth quarter. Advisor Group Holdings Inc. now owns 39,234 shares of the real estate investment trust’s stock worth $720,000 after buying an additional 717 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Gladstone Land by 0.8% during the fourth quarter. JPMorgan Chase & Co. now owns 101,942 shares of the real estate investment trust’s stock worth $1,869,000 after buying an additional 778 shares in the last quarter. 45.43% of the stock is currently owned by institutional investors.
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.
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