Gladstone Land (NASDAQ:LAND) Announces Earnings Results, Beats Estimates By $0.22 EPS

Gladstone Land (NASDAQ:LAND) issued its quarterly earnings data on Tuesday. The real estate investment trust reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.22, reports. The business had revenue of $12.69 million during the quarter, compared to analysts’ expectations of $12.28 million. Gladstone Land had a negative net margin of 6.68% and a negative return on equity of 0.87%.

Gladstone Land Price Performance

LAND traded up $0.01 on Wednesday, hitting $8.22. 316,035 shares of the stock were exchanged, compared to its average volume of 657,132. The firm has a market capitalization of $354.78 million, a price-to-earnings ratio of -13.48 and a beta of 1.07. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.47 and a quick ratio of 0.47. Gladstone Land has a 12 month low of $7.92 and a 12 month high of $13.00. The business has a 50-day moving average of $8.64 and a two-hundred day moving average of $9.85.

Gladstone Land Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $0.0467 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) annualized dividend and a yield of 6.8%. Gladstone Land’s dividend payout ratio is currently -91.80%.

Analyst Ratings Changes

Several research analysts have recently commented on LAND shares. Wall Street Zen cut shares of Gladstone Land from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Lucid Cap Mkts upgraded Gladstone Land from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Gladstone Land in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.00.

Hedge Funds Weigh In On Gladstone Land

Several hedge funds and other institutional investors have recently made changes to their positions in LAND. Hsbc Holdings PLC acquired a new stake in shares of Gladstone Land during the 4th quarter worth approximately $127,000. Corient Private Wealth LLC acquired a new position in Gladstone Land during the fourth quarter valued at approximately $114,000. Invesco Ltd. raised its position in Gladstone Land by 4.7% during the fourth quarter. Invesco Ltd. now owns 68,451 shares of the real estate investment trust’s stock valued at $626,000 after purchasing an additional 3,094 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Gladstone Land during the fourth quarter valued at approximately $182,000. Finally, NewEdge Advisors LLC lifted its stake in Gladstone Land by 24.7% during the fourth quarter. NewEdge Advisors LLC now owns 332,271 shares of the real estate investment trust’s stock worth $3,040,000 after purchasing an additional 65,857 shares during the last quarter. 53.60% of the stock is currently owned by institutional investors and hedge funds.

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.