Equities research analysts expect that Gladstone Land Corp (NASDAQ:LAND) will report $0.15 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Gladstone Land’s earnings. Gladstone Land reported earnings per share of $0.14 during the same quarter last year, which suggests a positive year over year growth rate of 7.1%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, February 20th.
According to Zacks, analysts expect that Gladstone Land will report full year earnings of $0.58 per share for the current year, with EPS estimates ranging from $0.57 to $0.58. For the next year, analysts anticipate that the firm will report earnings of $0.64 per share, with EPS estimates ranging from $0.62 to $0.68. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Gladstone Land.
Gladstone Land (NASDAQ:LAND) last issued its earnings results on Tuesday, November 7th. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.18). Gladstone Land had a return on equity of 0.25% and a net margin of 1.14%.
Shares of Gladstone Land (NASDAQ:LAND) traded down $0.40 during trading hours on Thursday, reaching $12.33. 49,740 shares of the company were exchanged, compared to its average volume of 65,515. The company has a market capitalization of $167.61, a PE ratio of 411.14 and a beta of 0.98. Gladstone Land has a 1 year low of $10.77 and a 1 year high of $14.29. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 2.48.
The company also recently declared a monthly dividend, which will be paid on Friday, March 30th. Investors of record on Tuesday, March 20th will be given a $0.0443 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $0.53 annualized dividend and a dividend yield of 4.31%. Gladstone Land’s dividend payout ratio (DPR) is presently 1,767.26%.
Several large investors have recently modified their holdings of the stock. RMR Advisors LLC lifted its position in shares of Gladstone Land by 89.7% in the 4th quarter. RMR Advisors LLC now owns 37,935 shares of the real estate investment trust’s stock valued at $509,000 after acquiring an additional 17,935 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Gladstone Land by 33,737.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 18,272 shares of the real estate investment trust’s stock valued at $250,000 after acquiring an additional 18,218 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Gladstone Land by 488.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 123,985 shares of the real estate investment trust’s stock valued at $1,697,000 after acquiring an additional 102,912 shares in the last quarter. Stelac Advisory Services LLC lifted its position in shares of Gladstone Land by 48.3% in the 3rd quarter. Stelac Advisory Services LLC now owns 17,568 shares of the real estate investment trust’s stock valued at $239,000 after acquiring an additional 5,719 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Gladstone Land by 26.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 20,223 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 4,227 shares in the last quarter. Institutional investors and hedge funds own 26.34% of the company’s stock.
Gladstone Land Company Profile
Gladstone Land Corporation is an agricultural real estate investment trust (REIT). The Company is engaged in the business of owning and leasing farmland. The Company also owns various farm-related facilities, such as cooling facilities, buildings utilized for the storage and assembly of boxes for shipping produce (box barns), packinghouses, processing facilities and various storage facilities.
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