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.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Phone703-287-5800
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$36.69 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date5/7/2019 (Confirmed)
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 given a dividend of $0.0445 per share on Friday, May 31st. This represents a $0.53 dividend on an annualized basis 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) announced its quarterly earnings data on Tuesday, May, 8th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.01) by $0.01. The real estate investment trust earned $9.25 million during the quarter. Gladstone Land had a return on equity of 1.63% and a net margin of 6.62%. View Gladstone Land's Earnings History.
When is Gladstone Land's next earnings date?
What price target have analysts set for LAND?
2 equities research analysts have issued 1 year price targets for Gladstone Land's stock. Their predictions range from $15.00 to $15.00. On average, they expect Gladstone Land's share price to reach $15.00 in the next year. 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. " (3/19/2019)
- 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 Tuesday, InfoTrie reports. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Gladstone Land earned a coverage optimism score of 2.7 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days.
Who are some of Gladstone Land's key competitors?
Some companies that are related to Gladstone Land include Independence Realty Trust (IRT), Chatham Lodging Trust (CLDT), Northstar Realty Europe (NRE), Washington Prime Group (WPG), NexPoint Residential Trust (NXRT), Urstadt Biddle Properties (UBA), CIM Commercial Trust (CMCT), CorePoint Lodging (CPLG), CAPSTEAD MTG CO/SH (CMO), Investors Real Estate Trust Reit (IRET), Hersha Hospitality Trust (HT), Urstadt Biddle Properties (UBP), Community Healthcare Trust (CHCT), Select Income REIT (SIR) and Preferred Apartment Communities (APTS).
What other stocks do shareholders of Gladstone Land own?
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
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 $229.35 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?
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)
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.
