Gladstone Land (NASDAQ:LAND) Posts Earnings Results, Misses Expectations By $0.06 EPS

Key Points

• Gladstone Land reported quarterly EPS of ($0.32), missing analysts’ estimate of ($0.26) by $0.06, while revenue of $12.69 million exceeded expectations of $12.28 million.
• The stock traded near $8.21, close to its one-year low of $7.92. The company announced a monthly dividend of $0.0467 per share, representing an annualized yield of approximately 6.8%.
• Analyst sentiment remains mixed, with a consensus rating of Hold and an average price target of $10.00; institutional investors own 53.6% of the company’s shares.

Gladstone Land (NASDAQ:LAND - Get Free Report) issued its quarterly earnings results on Tuesday. The real estate investment trust reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.06), FiscalAI reports. Gladstone Land had a negative net margin of 6.68% and a negative return on equity of 0.87%. The firm had revenue of $12.69 million during the quarter, compared to analysts' expectations of $12.28 million.

Gladstone Land Price Performance

Shares of NASDAQ LAND traded up $0.08 during midday trading on Tuesday, hitting $8.21. The stock had a trading volume of 540,017 shares, compared to its average volume of 658,521. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.70. The stock has a 50 day simple moving average of $8.66 and a 200-day simple moving average of $9.86. The company has a market capitalization of $354.18 million, a PE ratio of -13.46 and a beta of 1.07. Gladstone Land has a 1 year low of $7.92 and a 1 year high of $13.00.

Gladstone Land Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a $0.0467 dividend. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Monday, September 21st. Gladstone Land's dividend payout ratio (DPR) is -91.80%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LAND. Wall Street Zen lowered Gladstone Land from a "sell" rating to a "strong sell" rating in a research note on Saturday, May 16th. Lucid Cap Mkts upgraded Gladstone Land from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 14th. Finally, Weiss Ratings cut Gladstone Land from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $10.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new stake in Gladstone Land during the fourth quarter worth approximately $2,476,000. NewEdge Advisors LLC lifted its position in shares of Gladstone Land by 1,521.9% during the third quarter. NewEdge Advisors LLC now owns 266,414 shares of the real estate investment trust's stock worth $2,440,000 after purchasing an additional 249,988 shares during the last quarter. Millennium Management LLC grew its stake in Gladstone Land by 570.2% in the third quarter. Millennium Management LLC now owns 283,538 shares of the real estate investment trust's stock worth $2,597,000 after purchasing an additional 241,231 shares in the last quarter. Global Strategic Management Inc. purchased a new stake in Gladstone Land in the fourth quarter worth about $1,420,000. Finally, ExodusPoint Capital Management LP bought a new position in Gladstone Land during the 4th quarter worth about $938,000. Hedge funds and other institutional investors own 53.60% of the company's stock.

About Gladstone Land

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.

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