Gladstone Land (LAND) Scheduled to Post Quarterly Earnings on Wednesday

Gladstone Land (NASDAQ:LAND) will announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Gladstone Land Trading Up 1.1 %

NASDAQ LAND opened at $13.26 on Tuesday. Gladstone Land has a 12 month low of $12.31 and a 12 month high of $15.36. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 0.78. The stock has a 50 day moving average of $13.69 and a 200-day moving average of $13.66. The company has a market cap of $475.21 million, a PE ratio of -73.67, a PEG ratio of 4.20 and a beta of 1.08.

Gladstone Land Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a $0.0467 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Land’s dividend payout ratio (DPR) is presently -311.11%.

Wall Street Analyst Weigh In

Separately, Maxim Group downgraded shares of Gladstone Land from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.00.

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.