Gladstone Land Corp. Company Profile (NASDAQ:LAND)

About Gladstone Land Corp.

Gladstone Land Corp. logoGladstone Land Corporation is an externally-managed, agricultural real estate investment trust (REIT). The Company is engaged in the business of owning and leasing farmland. The Company's segment is farmland and farm-related properties. The Company is engaged in leasing its farms to independent farming operations and corporate farming operations. The Company owns approximately 43 farms consisting of over 16,810 total acres across six states in the United States (Arizona, California, Florida, Michigan, Nebraska and Oregon). The Company also owns approximately three cooling facilities and one facility utilized for the storage and assembly of boxes for shipping produce (a box barn). These properties are leased to approximately 33 different, unrelated tenants that are either independent or corporate farming operations. It also leases a small parcel on one of its properties to an oil company. Its properties include San Andreas, West Gonzales, West Beach, Dalton Lane and Keysville Road.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Diversified
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: LAND
  • CUSIP:
Key Metrics:
  • Previous Close: $10.92
  • 50 Day Moving Average: $10.88
  • 200 Day Moving Average: $10.78
  • 52-Week Range: $10,024,000.00 - $6.72
  • Trailing P/E Ratio: 113.75
  • Foreward P/E Ratio: 78.00
  • P/E Growth: 16.47
  • Market Cap: $109.46M
  • Outstanding Shares: 10,024,000
  • Beta: 0.96
  • Net Margins: 6.45%
  • Return on Equity: 1.18%
  • Return on Assets: 0.38%
  • Debt-to-Equity Ratio: 2.19%
  • Current Ratio: 0.53%
  • Quick Ratio: 0.53%
Additional Links:
Companies Related to Gladstone Land Corp.:

Analyst Ratings

Consensus Ratings for Gladstone Land Corp. (NASDAQ:LAND) (?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $11.75 (7.60% upside)

Analysts' Ratings History for Gladstone Land Corp. (NASDAQ:LAND)
DateFirmActionRatingPrice TargetDetails
8/15/2016JMP SecuritiesDowngradeOutperform -> Market PerformView Rating Details
12/3/2015Janney Montgomery ScottInitiated CoverageBuy$10.50View Rating Details
8/10/2015Maxim GroupReiterated RatingBuy$15.00 -> $14.00View Rating Details
2/26/2015Oppenheimer Holdings Inc.Set Price TargetBuy$13.00View Rating Details
2/26/2015Hilliard LyonsUpgradeNeutral -> BuyView Rating Details
(Data available from 10/23/2014 forward)


Earnings History for Gladstone Land Corp. (NASDAQ:LAND)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/15/2016ListenView Earnings Details
5/2/2016Q1$0.03$0.02ViewListenView Earnings Details
2/23/2016Q415$0.01$0.04$3.43 million$3.41 millionViewListenView Earnings Details
11/3/2015Q315$0.02$3.15 million$3.08 millionViewN/AView Earnings Details
8/4/2015Q215($0.01)$0.09$2.78 million$2.78 millionViewN/AView Earnings Details
5/15/2015Q115$0.11$0.11$2.50 millionViewListenView Earnings Details
2/24/2015Q414$0.02$0.16$2.06 million$2.34 millionViewN/AView Earnings Details
10/27/2014Q314$0.02$1.74 million$1.77 millionViewN/AView Earnings Details
8/4/2014Q214$0.06$0.07ViewN/AView Earnings Details
5/5/2014Q114$0.03$0.05$1.49 million$1.50 millionViewN/AView Earnings Details
2/24/2014Q413$0.02$0.04$1.09 million$1.18 millionViewN/AView Earnings Details
5/6/2013Q113$0.04$0.04$0.82 millionViewN/AView Earnings Details
3/27/2013Q412$0.12$781.60 million$916.75 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Gladstone Land Corp. (NASDAQ:LAND)
Current Year EPS Consensus Estimate: $0.06 EPS
Next Year EPS Consensus Estimate: $0.14 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.13$0.15$0.14
Q2 20161$0.14$0.14$0.14
Q3 20161$0.13$0.13$0.13
Q4 20161$0.15$0.15$0.15
Q1 20171$0.16$0.16$0.16
Q2 20171$0.16$0.16$0.16
Q3 20171$0.16$0.16$0.16
Q4 20171$0.16$0.16$0.16
(Data provided by Zacks Investment Research)


Current Dividend Information for Gladstone Land Corp. (NASDAQ:LAND)
Annual Dividend:$0.51
Dividend Yield:4.67%
Payout Ratio:566.67% (Based on Trailing 12 Months of Earnings)
850.00% (Based on Current Year Consensus EPS Estimate)
364.29% (Based on Next Year Consensus EPS Estimate)

Dividend History for Gladstone Land Corp. (NASDAQ:LAND)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
10/7/2014oct 14$0.033.02%10/20/201410/22/201410/31/2014
7/15/2014jul 14$0.032.96%7/23/20147/25/20148/5/2014
4/8/2014apr 14$0.032.76%4/16/20144/21/20144/30/2014
1/7/2014jan 14$0.031/17/20141/22/20141/31/2014
10/8/2013oct 13$0.1210/18/201310/22/201310/31/2013
7/9/2013jul 13$0.127/17/20137/19/20137/31/2013
4/9/2013apr 13$0.124/18/20134/22/20134/30/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Gladstone Land Corp. (NASDAQ:LAND)
Insider Ownership Percentage: 21.67%
Institutional Ownership Percentage: 22.13%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/9/2016Paul W AdelgrenDirectorBuy500$11.72$5,860.00View SEC Filing  
8/26/2016Caren D MerrickDirectorBuy4,432$11.29$50,037.28View SEC Filing  
8/22/2016Lewis ParrishCFOBuy250$11.00$2,750.00View SEC Filing  
5/19/2016Lewis ParrishCFOBuy150$10.00$1,500.00View SEC Filing  
5/5/2016Lewis ParrishCFOBuy100$10.00$1,000.00View SEC Filing  
5/5/2016Paul W AdelgrenDirectorBuy1,000$10.19$10,190.00View SEC Filing  
3/10/2016David GladstoneCEOBuy19,000$8.87$168,530.00View SEC Filing  
3/4/2016Lewis ParrishCFOBuy500$8.69$4,345.00View SEC Filing  
12/15/2015John DellafioraInsiderBuy200$8.59$1,718.00View SEC Filing  
12/14/2015Lewis ParrishCFOBuy500$8.25$4,125.00View SEC Filing  
8/25/2015David GladstoneCEOBuy10,000$9.57$95,700.00View SEC Filing  
6/15/2015Walter H WilkinsonDirectorBuy4,500$11.11$49,995.00View SEC Filing  
3/7/2014Paul AdelgrenDirectorBuy1,000$13.11$13,110.00View SEC Filing  
5/15/2013Paul W AdelgrenDirectorBuy1,500$16.61$24,915.00View SEC Filing  
1/31/2013Terry EarhartDirectorBuy2,000$13.95$27,900.00View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Gladstone Land Corp. (NASDAQ:LAND)
DateHeadline logoReminder - Gladstone Land (LAND) Goes Ex-Dividend Soon (NASDAQ:LAND) - October 17 at 5:50 PM logoGladstone Land buys Fresno-area almond orchard (NASDAQ:LAND) - October 17 at 10:55 AM logoBRIEF-Gladstone Land acquires Almond Orchard in California for $6.5 mln (NASDAQ:LAND) - October 17 at 10:55 AM logoBRIEF-Gladstone Land increases monthly cash distribution by 3 pct (NASDAQ:LAND) - October 11 at 6:08 PM logoGladstone Land Increases its Monthly Cash Distributions and Announces Third Quarter Earnings Release and Conference Call Dates (NASDAQ:LAND) - October 11 at 6:08 PM logoGLADSTONE LAND CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Ob (NASDAQ:LAND) - October 11 at 6:08 PM logoGladstone Land Corp. : LAND-US: Dividend Analysis : September 21st, 2016 (record date) : By the numbers : October 10, 2016 (NASDAQ:LAND) - October 10 at 5:36 PM
News IconState to sell off land to bankroll projects (NASDAQ:LAND) - October 10 at 10:32 AM
News IconGladstone Ports Corporation saw record tonnages (NASDAQ:LAND) - October 6 at 11:22 AM logoBRIEF-Gladstone Land increases its credit facility to $200 mln from $125 mln (NASDAQ:LAND) - October 6 at 11:22 AM logoGladstone Land Increases its Credit Facility (NASDAQ:LAND) - October 6 at 11:22 AM logoGladstone Land : Acquires Two Almond Orchards in California (NASDAQ:LAND) - September 26 at 5:56 PM logoGladstone Land : Acquires Farms in Colorado (NASDAQ:LAND) - September 25 at 5:17 PM logoGladstone Land Corporation : Announces Preferred Stock Offering (NASDAQ:LAND) - September 20 at 11:00 AM logoGLADSTONE LAND CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisition or Disp (NASDAQ:LAND) - September 19 at 5:53 PM
News IconCalifornia Almonds: REIT Buys 2,485 Orchard Acres In Stanislaus, Merced Counties (NASDAQ:LAND) - September 17 at 5:34 PM logoGladstone Land Acquires Two Almond Orchards in California (NASDAQ:LAND) - September 14 at 5:57 PM logoA New Arrow In The Quiver For Monmouth Real Estate (NASDAQ:LAND) - September 13 at 10:42 AM
News IconLNG operations facility to be constructed in Gladstone (NASDAQ:LAND) - September 9 at 10:37 AM
News IconPHOTOS: $3M investment becomes major tourist attraction in Gladstone (NASDAQ:LAND) - September 8 at 9:45 AM logoBRIEF-Gladstone Land acquires farms in Colorado for about $4.9 mln (NASDAQ:LAND) - September 8 at 9:45 AM logoGladstone Land buys Colorado farmland (NASDAQ:LAND) - September 8 at 9:45 AM logoGladstone Land Acquires Farms in Colorado (NASDAQ:LAND) - September 6 at 10:38 AM
News IconA Short-Term Buying Opportunity in a Long-Term Trend (NASDAQ:LAND) - August 29 at 10:27 AM logoBuy Land, They Ain't Making Any More Of The Stuff (NASDAQ:LAND) - August 29 at 10:27 AM logoGLADSTONE LAND CORP Financials (NASDAQ:LAND) - August 18 at 5:55 PM logoGladstone Land enters Colorado (NASDAQ:LAND) - August 17 at 6:04 PM logoGladstone Land (LAND) to Acquire Colorado Farmland in $6.5M Deal (NASDAQ:LAND) - August 17 at 6:04 PM logoBRIEF-Gladstone Land announces closing of offering of about 1.2 mln shares (NASDAQ:LAND) - August 17 at 6:04 PM logo4:06 pm Gladstone Land closed previously announces offering of 1 mln shares of its newly-issued 6.375% Series A Cumulative Term Preferred Stock at a public offering price of $25.00/share (NASDAQ:LAND) - August 17 at 6:04 PM logoGladstone Land Corporation Announces Closing of Offering of 1,150,000 Shares of its 6.375% Series A Cumulative Term Preferred Stock for Gross Proceeds of Approximately $28.8 Million (NASDAQ:LAND) - August 17 at 6:04 PM logoGladstone Land Announces Agreement for Acquisition of Farm in Colorado (NASDAQ:LAND) - August 16 at 9:09 AM logoGladstone Land downgraded by JMP Securities (NASDAQ:LAND) - August 15 at 6:05 PM logoGladstone Land (LAND) Announces $1.7M Florida Farmland Acquisition (NASDAQ:LAND) - August 11 at 6:12 PM logoGLADSTONE LAND CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Material Modification to Rights o (NASDAQ:LAND) - August 11 at 6:12 PM logoBRIEF-Gladstone Land says prices public offering (NASDAQ:LAND) - August 10 at 6:17 PM logoGladstone Land Corporation Prices Public Offering of 6.375% Series A Cumulative Term Preferred Stock (NASDAQ:LAND) - August 10 at 6:17 PM logoGladstone Land Corporation Announces Preferred Stock Offering (NASDAQ:LAND) - August 10 at 8:52 AM logoGLADSTONE LAND CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NASDAQ:LAND) - August 10 at 8:52 AM logoGladstone Land Corp. :LAND-US: Earnings Analysis: Q2, 2016 By the Numbers : August 5, 2016 (NASDAQ:LAND) - August 5 at 6:03 PM logoEdited Transcript of LAND earnings conference call or presentation 3-Aug-16 12:30pm GMT (NASDAQ:LAND) - August 4 at 8:58 AM logoBRIEF-Gladstone Land posts Q2 adjusted FFO per share $0.14 (NASDAQ:LAND) - August 3 at 6:11 PM logoGladstone Land Announces Second Quarter 2016 Results (NASDAQ:LAND) - August 3 at 6:11 PM logoGladstone Land Corporation: Gladstone Land Announces Second Quarter 2016 Results (NASDAQ:LAND) - August 3 at 6:11 PM logoGladstone reports 2Q results (NASDAQ:LAND) - August 2 at 6:10 PM logoQ2 2016 Gladstone Land Corp Earnings Release - After Market Close (NASDAQ:LAND) - August 2 at 10:45 AM logoLand Securities Group Plc :LAND-GB: Earnings Analysis: For the six months ended March 31, 2016 : July 22, 2016 (NASDAQ:LAND) - July 22 at 2:49 AM logoCity & Land Developers, Inc. : Fairly valued, but don’t skip the other factors (NASDAQ:LAND) - July 19 at 4:03 PM logoGeneral Releases (NASDAQ:LAND) - July 12 at 4:43 PM logoCity & Land Developers, Inc.: Strong price momentum but will it sustain? (NASDAQ:LAND) - July 12 at 4:23 PM


Gladstone Land Corp. (NASDAQ:LAND) Chart for Sunday, October, 23, 2016

Last Updated on 10/23/2016 by Staff