Analysts Expect Gladstone Land Corp (LAND) Will Post Earnings of $0.13 Per Share

Wall Street brokerages expect Gladstone Land Corp (NASDAQ:LAND) to report earnings of $0.13 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Gladstone Land’s earnings. Gladstone Land reported earnings of $0.14 per share in the same quarter last year, which suggests a negative year over year growth rate of 7.1%. The firm is expected to report its next quarterly earnings results after the market closes on Tuesday, February 19th.

On average, analysts expect that Gladstone Land will report full-year earnings of $0.41 per share for the current financial year. For the next financial year, analysts anticipate that the firm will report earnings of $0.56 per share, with EPS estimates ranging from $0.53 to $0.58. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Gladstone Land.

Several research firms recently weighed in on LAND. Zacks Investment Research upgraded shares of Gladstone Land from a “sell” rating to a “hold” rating and set a $14.00 price target on the stock in a report on Tuesday, November 13th. JMP Securities cut shares of Gladstone Land from a “market perform” rating to an “underperform” rating in a report on Monday, January 14th. Finally, ValuEngine upgraded shares of Gladstone Land from a “hold” rating to a “buy” rating in a report on Thursday, November 1st.

Gladstone Land stock traded up $0.01 during midday trading on Monday, hitting $12.08. 301 shares of the stock were exchanged, compared to its average volume of 106,425. Gladstone Land has a 52-week low of $11.12 and a 52-week high of $13.85. The stock has a market cap of $197.40 million, a PE ratio of 21.57 and a beta of 0.94. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.46 and a current ratio of 0.46.

The company also recently declared a monthly dividend, which will be paid on Thursday, February 28th. Investors of record on Wednesday, February 20th will be issued a dividend of $0.0445 per share. This represents a $0.53 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend is Tuesday, February 19th. Gladstone Land’s dividend payout ratio (DPR) is presently 94.64%.

Institutional investors have recently added to or reduced their stakes in the stock. Keeley Teton Advisors LLC raised its position in shares of Gladstone Land by 2.9% in the fourth quarter. Keeley Teton Advisors LLC now owns 37,821 shares of the real estate investment trust’s stock valued at $434,000 after purchasing an additional 1,056 shares during the period. Strs Ohio boosted its holdings in Gladstone Land by 5.8% in the fourth quarter. Strs Ohio now owns 22,959 shares of the real estate investment trust’s stock valued at $263,000 after purchasing an additional 1,254 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Gladstone Land by 9.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 37,997 shares of the real estate investment trust’s stock valued at $436,000 after purchasing an additional 3,358 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Gladstone Land by 5.2% in the third quarter. Bank of New York Mellon Corp now owns 84,389 shares of the real estate investment trust’s stock valued at $1,042,000 after purchasing an additional 4,150 shares during the last quarter. Finally, Foster & Motley Inc. boosted its holdings in Gladstone Land by 1.0% in the third quarter. Foster & Motley Inc. now owns 466,707 shares of the real estate investment trust’s stock valued at $5,759,000 after purchasing an additional 4,635 shares during the last quarter. Institutional investors and hedge funds own 32.66% of the company’s stock.

Gladstone Land Company Profile

Gladstone Land is a publicly-traded real estate investment trust that invests in farmland and farm-related properties located in major agricultural markets in the U.S., which it leases to unrelated third-party farmers. The Company reports the current fair value of its farmland on a quarterly basis; as of September 30, 2018, the estimated net asset value of the Company was $13.79 per share.

See Also: Earnings Per Share (EPS)

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