Gladstone Land (LAND) to Release Earnings on Thursday

Gladstone Land (NASDAQ:LAND) is set to issue its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Gladstone Land Price Performance

LAND opened at $13.95 on Wednesday. The company has a 50-day moving average of $13.92 and a 200-day moving average of $13.46. The company has a market capitalization of $499.94 million, a P/E ratio of 233.17, a PEG ratio of 4.03 and a beta of 1.08. Gladstone Land has a 1-year low of $12.31 and a 1-year high of $17.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 6.14 and a current ratio of 6.14.

Gladstone Land Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be given a $0.0467 dividend. This represents a $0.56 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Friday, September 20th. Gladstone Land’s payout ratio is currently 933.33%.

Analyst Upgrades and Downgrades

LAND has been the subject of several research analyst reports. Maxim Group dropped their target price on shares of Gladstone Land from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Alliance Global Partners assumed coverage on shares of Gladstone Land in a research report on Tuesday, June 11th. They set a “buy” rating and a $16.00 price objective for the company. Finally, Oppenheimer lowered their price objective on shares of Gladstone Land from $20.00 to $16.00 and set an “outperform” rating for the company in a research report on Wednesday, May 15th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Gladstone Land currently has an average rating of “Moderate Buy” and an average price target 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.