Gladstone Land (LAND) Set to Announce Earnings on Tuesday

Gladstone Land (NASDAQ:LAND) is set to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Gladstone Land Stock Performance

Shares of LAND stock opened at $12.92 on Friday. Gladstone Land has a one year low of $12.31 and a one year high of $17.48. The company’s 50-day simple moving average is $12.95 and its 200-day simple moving average is $13.68. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.80.

Gladstone Land Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be issued a dividend of $0.0466 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Tuesday, June 18th. Gladstone Land’s dividend payout ratio is presently -207.41%.

Gladstone Land Company Profile

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.