NASDAQ:LAND - Gladstone Land Stock Price, News, & Analysis

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$12.70 +0.02 (+0.16 %)
(As of 05/23/2019 05:07 AM ET)
Previous Close$12.68
Today's Range$12.61 - $12.70
52-Week Range$11.12 - $13.85
Volume50,200 shs
Average Volume85,481 shs
Market Capitalization$234.47 million
P/E Ratio24.90
Dividend Yield4.18%
Beta0.97
Gladstone Land is a publicly-traded real estate investment trust that invests in farmland and farm-related properties located in major agricultural markets in the U.S., which it leases to unrelated third-party farmer-tenants. The Company reports the current fair value of its farmland on a quarterly basis; as of December 31, 2018, its estimated net asset value was $12.88 per share. Gladstone Land currently owns 86 farms, comprised of 73,900 acres in 10 different states across the U.S., valued at approximately $620 million. Its acreage is predominantly concentrated in locations where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually; as well as permanent crops, such as almonds, blueberries, and pistachios, which are generally planted every 10 to 20-plus years. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. Gladstone Land pays monthly distributions to its stockholders and has paid 72 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The current per-share distribution rate on its common stock is $0.04445 per month, or $0.5334 per year.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:LAND
CUSIPN/A
Phone703-287-5800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$36.69 million
Cash Flow$0.7555 per share
Book Value$10.55 per share

Profitability

Net Income$2.63 million

Miscellaneous

EmployeesN/A
Market Cap$234.47 million
Next Earnings Date8/14/2019 (Estimated)
OptionableOptionable

Gladstone Land (NASDAQ:LAND) Frequently Asked Questions

What is Gladstone Land's stock symbol?

Gladstone Land trades on the NASDAQ under the ticker symbol "LAND."

How often does Gladstone Land pay dividends? What is the dividend yield for Gladstone Land?

Gladstone Land announced a monthly dividend on Wednesday, April 10th. Investors of record on Wednesday, May 22nd will be paid a dividend of $0.0445 per share on Friday, May 31st. This represents a $0.53 annualized dividend and a yield of 4.20%. The ex-dividend date is Tuesday, May 21st. View Gladstone Land's Dividend History.

How were Gladstone Land's earnings last quarter?

Gladstone Land Corp (NASDAQ:LAND) issued its quarterly earnings results on Tuesday, May, 7th. The real estate investment trust reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.15. The real estate investment trust earned $7.83 million during the quarter. Gladstone Land had a return on equity of 1.73% and a net margin of 8.09%. View Gladstone Land's Earnings History.

When is Gladstone Land's next earnings date?

Gladstone Land is scheduled to release their next quarterly earnings announcement on Wednesday, August 14th 2019. View Earnings Estimates for Gladstone Land.

What price target have analysts set for LAND?

2 brokers have issued 1-year price targets for Gladstone Land's stock. Their predictions range from $15.00 to $15.00. On average, they anticipate Gladstone Land's share price to reach $15.00 in the next twelve months. This suggests a possible upside of 18.1% from the stock's current price. View Analyst Price Targets for Gladstone Land.

What is the consensus analysts' recommendation for Gladstone Land?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gladstone Land in the last year. There are currently 1 sell rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Gladstone Land.

What are Wall Street analysts saying about Gladstone Land stock?

Here are some recent quotes from research analysts about Gladstone Land stock:
  • 1. According to Zacks Investment Research, "Gladstone Land Corporation is a real estate investment trust. The company acquires and leases farmland to corporate and independent farmers. Its properties are situated in California and Florida. Gladstone Land Corporation is based in McLean, Virginia. " (5/9/2019)
  • 2. Maxim Group analysts commented, "LAND reported 4Q18 AFFO (our core FFO) of $0.13 per share, versus its 4Q18 dividend of $0.1332 (and its new 1Q19 dividend of $0.13335)." (2/28/2019)

Has Gladstone Land been receiving favorable news coverage?

Media headlines about LAND stock have trended positive on Thursday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Gladstone Land earned a news impact score of 2.7 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.

Who are some of Gladstone Land's key competitors?

What other stocks do shareholders of Gladstone Land own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Gladstone Land investors own include AT&T (T), Gladstone Capital (GLAD), Ecopetrol (EC), Altria Group (MO), Gladstone Investment (GAIN), The Coca-Cola (KO), Johnson & Johnson (JNJ), Oxford Lane Capital (OXLC), Enterprise Products Partners (EPD) and Stag Industrial (STAG).

Who are Gladstone Land's key executives?

Gladstone Land's management team includes the folowing people:
  • Mr. Lewis Parrish, CFO & Assistant Treasurer (Age 40)
  • Mr. David John Gladstone, Founder, Chairman, CEO & Pres (Age 77)
  • Mr. Terry Lee Brubaker, Vice Chairman & COO (Age 75)
  • Ms. Karin McLaughlin, Investor Relations Specialist
  • Mr. John Anthony Dellafiora Jr., Chief Compliance Officer

Who are Gladstone Land's major shareholders?

Gladstone Land's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.73%), Foster & Motley Inc. (2.64%), Punch & Associates Investment Management Inc. (1.86%), Wells Fargo & Company MN (1.44%), Morgan Stanley (1.29%) and Foresight Wealth Management LLC (1.21%). Company insiders that own Gladstone Land stock include David Gladstone, Jay Beckhorn and Walter H Wilkinson. View Institutional Ownership Trends for Gladstone Land.

Which institutional investors are selling Gladstone Land stock?

LAND stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, State of New Jersey Common Pension Fund D, Wells Fargo & Company MN, Teachers Insurance & Annuity Association of America and Foster & Motley Inc.. View Insider Buying and Selling for Gladstone Land.

Which institutional investors are buying Gladstone Land stock?

LAND stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Foresight Wealth Management LLC, Coastal Investment Advisors Inc., Golden State Wealth Management LLC, Northern Trust Corp, Parametric Portfolio Associates LLC, Global Strategic Management Inc. and Punch & Associates Investment Management Inc.. Company insiders that have bought Gladstone Land stock in the last two years include David Gladstone, Jay Beckhorn and Walter H Wilkinson. View Insider Buying and Selling for Gladstone Land.

How do I buy shares of Gladstone Land?

Shares of LAND can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Gladstone Land's stock price today?

One share of LAND stock can currently be purchased for approximately $12.70.

How big of a company is Gladstone Land?

Gladstone Land has a market capitalization of $234.47 million and generates $36.69 million in revenue each year. The real estate investment trust earns $2.63 million in net income (profit) each year or $0.51 on an earnings per share basis.

What is Gladstone Land's official website?

The official website for Gladstone Land is http://www.gladstoneland.com/.

How can I contact Gladstone Land?

Gladstone Land's mailing address is 1521 WESTBRANCH DRIVE SUITE 100, MCLEAN VA, 22102. The real estate investment trust can be reached via phone at 703-287-5800 or via email at [email protected]


MarketBeat Community Rating for Gladstone Land (NASDAQ LAND)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  227 (Thanks for Voting!)
Underperform Votes:  192 (Thanks for Voting!)
Total Votes:  419
MarketBeat's community ratings are surveys of what our community members think about Gladstone Land and other stocks. Vote "Outperform" if you believe LAND will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LAND will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/23/2019 by MarketBeat.com Staff

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