Gladstone Land Corporation (NASDAQ:LAND) Shareholders to Collect $0.05 Monthly Dividend

Key Points

• Gladstone Land declared a monthly dividend of $0.0467 per share, payable December 31 to shareholders of record December 21. The annualized payout is approximately $0.56 per share, representing a 5.8% yield.
• The dividend may be financially strained: the company reported a payout ratio of -114.3%, while analysts expect next year’s earnings of $0.45 per share versus the $0.56 annual dividend.
• Shares traded at $9.67, up 0.5%, while the company’s latest quarterly results missed earnings estimates, reporting a loss of $0.32 per share versus the expected loss of $0.26.

Gladstone Land Corporation (NASDAQ:LAND - Get Free Report) declared a monthly dividend on Tuesday, October 13th. Investors of record on Monday, December 21st will be given a dividend of $0.0467 per share by the real estate investment trust on Thursday, December 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Monday, December 21st.

Gladstone Land has a payout ratio of -114.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Gladstone Land to earn $0.45 per share next year, which means the company may not be able to cover its $0.56 annual dividend with an expected future payout ratio of 124.4%.

Gladstone Land Trading Up 0.5%

NASDAQ:LAND opened at $9.67 on Wednesday. Gladstone Land has a one year low of $7.92 and a one year high of $13.00. The business has a fifty day moving average price of $9.17 and a 200-day moving average price of $9.25. The firm has a market capitalization of $417.16 million, a price-to-earnings ratio of -17.58 and a beta of 1.10. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.29 and a quick ratio of 1.29.

Gladstone Land (NASDAQ:LAND - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The real estate investment trust reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.06). The business had revenue of $12.69 million during the quarter, compared to the consensus estimate of $12.28 million. Gladstone Land had a negative return on equity of 0.96% and a negative net margin of 7.31%. Sell-side analysts forecast that Gladstone Land will post 0.48 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in Gladstone Land by 494.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,511 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 2,920 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Gladstone Land by 37.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,146 shares of the real estate investment trust's stock worth $96,000 after acquiring an additional 2,738 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Gladstone Land during the 2nd quarter worth about $33,000. NewEdge Advisors LLC grew its stake in Gladstone Land by 7.7% during the 2nd quarter. NewEdge Advisors LLC now owns 336,738 shares of the real estate investment trust's stock valued at $2,872,000 after purchasing an additional 24,029 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in Gladstone Land by 18.8% during the 2nd quarter. Squarepoint Ops LLC now owns 35,230 shares of the real estate investment trust's stock valued at $301,000 after purchasing an additional 5,581 shares during the last quarter. 53.60% of the stock is owned by institutional investors and hedge funds.

About Gladstone Land

Gladstone Land Corporation NASDAQ: LAND is a real estate investment trust that owns and leases farmland in the United States. The company focuses on agricultural properties that produce a range of crops, including fruits, vegetables, and other specialty crops, as well as certain row crops.

Gladstone Land generally leases its properties to farmers and agricultural operators under long-term agreements, often structured as triple-net leases. These arrangements typically make tenants responsible for property-level operating costs, while Gladstone Land remains focused on owning and managing the underlying farmland.

Founded in 1997, the company has built a portfolio of farms across major U.S.

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