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: $10.63
  • 50 Day Moving Average: $11.35
  • 200 Day Moving Average: $10.71
  • 52-Week Range: $6.72 - $12.00
  • Trailing P/E Ratio: 110.73
  • Foreward P/E Ratio: 15.87
  • P/E Growth: 18.88
  • Market Cap: $106.56M
  • Outstanding Shares: 10,024,000
  • Beta: 0.94
Profitability:
  • Net Margins: 6.45%
  • Return on Equity: 1.18%
  • Return on Assets: 0.38%
Debt:
  • 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 (10.54% upside)

Analysts' Ratings History for Gladstone Land Corp. (NASDAQ:LAND)
Show:
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 9/30/2014 forward)

Earnings

Earnings History for Gladstone Land Corp. (NASDAQ:LAND)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2016        
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)

Estimates

Earnings Estimates for Gladstone Land Corp. (NASDAQ:LAND)
Current Year EPS Consensus Estimate: $0.57 EPS
Next Year EPS Consensus Estimate: $0.67 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)

Dividends

Current Dividend Information for Gladstone Land Corp. (NASDAQ:LAND)
Annual Dividend:$0.50
Dividend Yield:4.70%
Payout Ratio:555.56% (Based on Trailing 12 Months of Earnings)
87.72% (Based on Current Year Consensus EPS Estimate)
74.63% (Based on Next Year Consensus EPS Estimate)

Dividend History for Gladstone Land Corp. (NASDAQ:LAND)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/13/2016monthly$0.044.46%8/18/20168/22/20168/31/2016
7/13/2016monthly$0.044.46%9/19/20169/21/20169/30/2016
7/13/2016monthly$0.044.46%7/20/20167/22/20168/2/2016
4/13/2016monthly$0.044.92%6/15/20166/17/20166/30/2016
4/13/2016monthly$0.044.92%5/17/20165/19/20165/31/2016
4/13/2016monthly$0.044.92%4/20/20164/22/20165/2/2016
1/13/2016monthly$0.046.08%2/16/20162/18/20162/29/2016
1/13/2016monthly$0.046.08%3/17/20163/21/20163/31/2016
1/13/2016monthly$0.046.08%1/20/20161/22/20162/2/2016
10/15/2015monthly$0.045.16%10/22/201510/26/201511/4/2015
10/15/2015monthly$0.045.16%12/16/201512/18/201512/31/2015
10/15/2015monthly$0.045.16%11/13/201511/17/201511/30/2015
7/16/2015monthly$0.044.47%9/17/20159/21/20159/30/2015
7/16/2015monthly$0.044.47%8/18/20158/20/20158/31/2015
7/14/2015monthly$0.044.47%7/22/20157/24/20158/4/2015
4/15/2015monthly$0.043.91%6/17/20156/19/20156/30/2015
4/15/2015monthly$0.043.91%5/15/20155/19/20155/29/2015
4/15/2015monthly$0.043.91%4/22/20154/24/20155/5/2015
1/14/2015monthly$0.043.87%3/18/20153/20/20153/31/2015
1/14/2015monthly$0.043.87%2/13/20152/18/20152/27/2015
1/14/2015monthly$0.043.87%1/21/20151/23/20152/3/2015
10/8/2014monthly$0.033.02%12/17/201412/19/201412/31/2014
10/8/2014monthly$0.033.02%11/13/201411/17/201411/26/2014
10/7/2014oct 14$0.033.02%10/20/201410/22/201410/31/2014
7/17/2014monthly$0.032.96%8/18/20148/20/20148/29/2014
7/17/2014monthly$0.032.96%9/17/20149/19/20149/30/2014
7/15/2014jul 14$0.032.96%7/23/20147/25/20148/5/2014
4/9/2014monthly$0.032.76%5/16/20145/20/20145/30/2014
4/9/2014monthly$0.032.76%6/17/20146/19/20146/30/2014
4/8/2014apr 14$0.032.76%4/16/20144/21/20144/30/2014
1/7/2014$0.033/13/20143/17/20143/31/2014
1/7/2014$0.032/14/20142/19/20142/28/2014
1/7/2014jan 14$0.031/17/20141/22/20141/31/2014
12/4/2013special$0.338.83%12/12/201312/16/201312/31/2013
10/9/2013monthly$0.128.98%10/18/201310/22/201310/31/2013
10/9/2013monthly$0.128.98%11/12/201311/14/201311/29/2013
10/9/2013monthly$0.128.98%12/12/201312/16/201312/31/2013
10/8/2013oct 13$0.1210/18/201310/22/201310/31/2013
7/10/2013monthly$0.128.94%7/17/20137/19/20137/31/2013
7/10/2013monthly$0.128.94%9/16/20139/18/20139/30/2013
7/10/2013monthly$0.128.94%8/19/20138/21/20138/30/2013
7/9/2013jul 13$0.127/17/20137/19/20137/31/2013
4/10/2013monthly$0.128.66%5/16/20135/20/20135/31/2013
4/10/2013monthly$0.128.66%6/17/20136/19/20136/28/2013
4/10/2013monthly$0.128.66%4/18/20134/22/20134/30/2013
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)

Headlines

Latest Headlines for Gladstone Land Corp. (NASDAQ:LAND)
DateHeadline
4-traders.com logoGladstone Land : Acquires Two Almond Orchards in California (NASDAQ:LAND)
www.4-traders.com - September 26 at 5:56 PM
4-traders.com logoGladstone Land : Acquires Farms in Colorado (NASDAQ:LAND)
www.4-traders.com - September 25 at 5:17 PM
4-traders.com logoGladstone Land Corporation : Announces Preferred Stock Offering (NASDAQ:LAND)
www.4-traders.com - September 20 at 11:00 AM
biz.yahoo.com logoGLADSTONE LAND CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisition or Disp (NASDAQ:LAND)
biz.yahoo.com - September 19 at 5:53 PM
News IconCalifornia Almonds: REIT Buys 2,485 Orchard Acres In Stanislaus, Merced Counties (NASDAQ:LAND)
agfax.com - September 17 at 5:34 PM
publicnow.com logoGladstone Land Acquires Two Almond Orchards in California (NASDAQ:LAND)
www.publicnow.com - September 14 at 5:57 PM
seekingalpha.com logoA New Arrow In The Quiver For Monmouth Real Estate (NASDAQ:LAND)
seekingalpha.com - September 13 at 10:42 AM
News IconLNG operations facility to be constructed in Gladstone (NASDAQ:LAND)
www.lngindustry.com - September 9 at 10:37 AM
News IconPHOTOS: $3M investment becomes major tourist attraction in Gladstone (NASDAQ:LAND)
www.cqnews.com.au - September 8 at 9:45 AM
reuters.com logoBRIEF-Gladstone Land acquires farms in Colorado for about $4.9 mln (NASDAQ:LAND)
www.reuters.com - September 8 at 9:45 AM
seekingalpha.com logoGladstone Land buys Colorado farmland (NASDAQ:LAND)
seekingalpha.com - September 8 at 9:45 AM
publicnow.com logoGladstone Land Acquires Farms in Colorado (NASDAQ:LAND)
www.publicnow.com - September 6 at 10:38 AM
News IconA Short-Term Buying Opportunity in a Long-Term Trend (NASDAQ:LAND)
www.investmentu.com - August 29 at 10:27 AM
seekingalpha.com logoBuy Land, They Ain't Making Any More Of The Stuff (NASDAQ:LAND)
seekingalpha.com - August 29 at 10:27 AM
finance.yahoo.com logoGLADSTONE LAND CORP Financials (NASDAQ:LAND)
finance.yahoo.com - August 18 at 5:55 PM
seekingalpha.com logoGladstone Land enters Colorado (NASDAQ:LAND)
seekingalpha.com - August 17 at 6:04 PM
streetinsider.com logoGladstone Land (LAND) to Acquire Colorado Farmland in $6.5M Deal (NASDAQ:LAND)
www.streetinsider.com - August 17 at 6:04 PM
reuters.com logoBRIEF-Gladstone Land announces closing of offering of about 1.2 mln shares (NASDAQ:LAND)
www.reuters.com - August 17 at 6:04 PM
finance.yahoo.com 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)
finance.yahoo.com - August 17 at 6:04 PM
publicnow.com 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)
www.publicnow.com - August 17 at 6:04 PM
finance.yahoo.com logoGladstone Land Announces Agreement for Acquisition of Farm in Colorado (NASDAQ:LAND)
finance.yahoo.com - August 16 at 9:09 AM
finance.yahoo.com logoGladstone Land downgraded by JMP Securities (NASDAQ:LAND)
finance.yahoo.com - August 15 at 6:05 PM
streetinsider.com logoGladstone Land (LAND) Announces $1.7M Florida Farmland Acquisition (NASDAQ:LAND)
www.streetinsider.com - August 11 at 6:12 PM
biz.yahoo.com logoGLADSTONE LAND CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Material Modification to Rights o (NASDAQ:LAND)
biz.yahoo.com - August 11 at 6:12 PM
reuters.com logoBRIEF-Gladstone Land says prices public offering (NASDAQ:LAND)
www.reuters.com - August 10 at 6:17 PM
publicnow.com logoGladstone Land Corporation Prices Public Offering of 6.375% Series A Cumulative Term Preferred Stock (NASDAQ:LAND)
www.publicnow.com - August 10 at 6:17 PM
finance.yahoo.com logoGladstone Land Corporation Announces Preferred Stock Offering (NASDAQ:LAND)
finance.yahoo.com - August 10 at 8:52 AM
biz.yahoo.com logoGLADSTONE LAND CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NASDAQ:LAND)
biz.yahoo.com - August 10 at 8:52 AM
capitalcube.com logoGladstone Land Corp. :LAND-US: Earnings Analysis: Q2, 2016 By the Numbers : August 5, 2016 (NASDAQ:LAND)
www.capitalcube.com - August 5 at 6:03 PM
finance.yahoo.com logoEdited Transcript of LAND earnings conference call or presentation 3-Aug-16 12:30pm GMT (NASDAQ:LAND)
finance.yahoo.com - August 4 at 8:58 AM
reuters.com logoBRIEF-Gladstone Land posts Q2 adjusted FFO per share $0.14 (NASDAQ:LAND)
www.reuters.com - August 3 at 6:11 PM
globenewswire.com logoGladstone Land Announces Second Quarter 2016 Results (NASDAQ:LAND)
globenewswire.com - August 3 at 6:11 PM
twst.com logoGladstone Land Corporation: Gladstone Land Announces Second Quarter 2016 Results (NASDAQ:LAND)
www.twst.com - August 3 at 6:11 PM
sg.finance.yahoo.com logoGladstone reports 2Q results (NASDAQ:LAND)
sg.finance.yahoo.com - August 2 at 6:10 PM
biz.yahoo.com logoQ2 2016 Gladstone Land Corp Earnings Release - After Market Close (NASDAQ:LAND)
biz.yahoo.com - August 2 at 10:45 AM
capitalcube.com logoLand Securities Group Plc :LAND-GB: Earnings Analysis: For the six months ended March 31, 2016 : July 22, 2016 (NASDAQ:LAND)
www.capitalcube.com - July 22 at 2:49 AM
capitalcube.com logoCity & Land Developers, Inc. : Fairly valued, but don’t skip the other factors (NASDAQ:LAND)
www.capitalcube.com - July 19 at 4:03 PM
publicnow.com logoGeneral Releases (NASDAQ:LAND)
www.publicnow.com - July 12 at 4:43 PM
capitalcube.com logoCity & Land Developers, Inc.: Strong price momentum but will it sustain? (NASDAQ:LAND)
www.capitalcube.com - July 12 at 4:23 PM
finance.yahoo.com logoGladstone Land Corporation Announces Monthly Cash Distributions for July, August and September 2016 and Second Quarter Ended June 30, 2016, Earnings Release and Conference Call Dates (NASDAQ:LAND)
finance.yahoo.com - July 12 at 4:15 PM
News IconFarmland Partners, Gladstone Land snap up Florida farms (NASDAQ:LAND)
www.agrimoney.com - July 9 at 9:18 AM
News IconCBRE Launches Land Practice To Cash In On Growing Investment In Agribusiness And Natural Resources Sectors (NASDAQ:LAND)
www.bisnow.com - July 9 at 9:18 AM
News IconUS: Gladstone land acquires farm in Florida (NASDAQ:LAND)
www.freshplaza.com - July 7 at 8:50 AM
seekingalpha.com logoGladstone Land buys Florida farm (NASDAQ:LAND)
seekingalpha.com - July 5 at 10:30 AM
publicnow.com logoGladstone Land Acquires Farm in Florida (NASDAQ:LAND)
www.publicnow.com - July 5 at 8:51 AM
thestreet.com logoREITs Get Passing F-Score for Income Strategy (NASDAQ:LAND)
realmoney.thestreet.com - June 23 at 2:00 PM
reuters.com logoBRIEF-Gladstone Land says expands and extends its Farmer Mac facility (NASDAQ:LAND)
www.reuters.com - June 22 at 3:58 PM
News IconBRIEF-Gladstone Land's unit enters into amendment to bond purchase with Farmer Mac (NASDAQ:LAND)
fixedincome.fidelity.com - June 22 at 3:58 PM
capitalcube.com logoLand Securities Group Plc :LAND-GB: Earnings Analysis: For the six months ended March 31, 2016 : June 13, 2016 (NASDAQ:LAND)
www.capitalcube.com - June 13 at 5:22 AM
capitalcube.com logoLand Securities Group Plc :LAND-GB: Earnings Analysis: 2016 By the Numbers : June 13, 2016 (NASDAQ:LAND)
www.capitalcube.com - June 13 at 1:27 AM

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Gladstone Land Corp. (NASDAQ:LAND) Chart for Friday, September, 30, 2016


Last Updated on 9/30/2016 by MarketBeat.com Staff