Gladstone Land (NASDAQ:LAND) Announces Earnings Results

Gladstone Land (NASDAQ:LAND - Get Free Report) announced its earnings results on Monday. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03, Zacks reports. Gladstone Land had a net margin of 15.59% and a return on equity of 1.89%. The company had revenue of $16.80 million for the quarter, compared to the consensus estimate of $17.30 million.

Gladstone Land Stock Up 0.3%

Shares of LAND stock traded up $0.03 on Friday, hitting $9.80. The company's stock had a trading volume of 274,229 shares, compared to its average volume of 271,621. The stock has a market capitalization of $354.61 million, a price-to-earnings ratio of -33.79, a P/E/G ratio of 3.74 and a beta of 1.15. Gladstone Land has a fifty-two week low of $8.66 and a fifty-two week high of $15.36. The firm's fifty day moving average price is $9.93 and its 200-day moving average price is $10.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.99 and a quick ratio of 0.70.

Gladstone Land Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 22nd were paid a dividend of $0.0467 per share. The ex-dividend date of this dividend was Monday, April 21st. This represents a dividend yield of 5.75%. Gladstone Land's dividend payout ratio (DPR) is -224.00%.

Wall Street Analysts Forecast Growth

LAND has been the topic of a number of research analyst reports. StockNews.com raised shares of Gladstone Land from a "sell" rating to a "hold" rating in a research report on Wednesday. Alliance Global Partners restated a "neutral" rating on shares of Gladstone Land in a report on Tuesday.

Insider Buying and Selling at Gladstone Land

In other news, Director Anthony W. Parker sold 6,601 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $11.02, for a total transaction of $72,743.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.20% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Gladstone Land stock. AQR Capital Management LLC boosted its position in Gladstone Land Co. (NASDAQ:LAND - Free Report) by 12.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,991 shares of the real estate investment trust's stock after buying an additional 3,889 shares during the quarter. AQR Capital Management LLC owned approximately 0.10% of Gladstone Land worth $379,000 at the end of the most recent reporting period. 53.60% of the stock is currently owned by institutional investors.

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.