NASDAQ:LANDGladstone Land Stock Price, Forecast & News

$14.67

+0.44 (+3.09 %)

(As of 05/26/2020 04:00 PM ET)

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Today's Range

$14.23

Now: $14.67▼

$14.76

50-Day Range

$11.57

MA: $13.22▼

$14.38

52-Week Range

$9.61

Now: $14.67▼

$14.54

Volume15,634 shs

Average Volume165,344 shs

Market Capitalization$313.20 million

P/E RatioN/A

Dividend Yield3.81%

Beta0.76

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.

Beat the Market (BTM) Rank^™

1.4 Analyst's Opinion

Consensus Rating
Gladstone Land has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $14.72, Gladstone Land has a potential upside of 0.3% from its current price of $14.67.
Amount of Analyst Coverage
Gladstone Land has only been the subject of 2 research reports in the past 90 days.

2.8 Community Rank

Outperform Votes
Gladstone Land has received 334 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Gladstone Land has received 253 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Gladstone Land has received 56.90% “outperform” votes from our community.

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.

1.7 Dividend Strength

Dividend Leadership
Gladstone Land is a leading dividend payer. It pays a dividend yield of 3.81%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Gladstone Land has only been increasing its dividend for 4 years.
Dividend Coverage
The dividend payout ratio of Gladstone Land is 94.74 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Gladstone Land will have a dividend payout ratio of 87.10 % in the coming year. This indicates that Gladstone Land may not be able to sustain their current dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Gladstone Land insiders have bought 214.62% more of their company's stock than they have sold. Specifically, they have bought $13,129.00 in company stock and sold $4,173.00 in company stock.
Percentage Held by Insiders
Only 11.98% of the stock of Gladstone Land is held by insiders.
Percentage Held by Institutions
37.26% of the stock of Gladstone Land is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0 Earnings and Valuation

Earnings Growth
Earnings for Gladstone Land are expected to decrease by -8.82% in the coming year, from $0.68 to $0.62 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Gladstone Land is -293.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Gladstone Land is -293.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Gladstone Land has a P/B Ratio of 1.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.97 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Real estate investment trusts

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:LAND

Previous Symbol

CUSIPN/A

CIK1495240

Webwww.gladstoneland.com

Phone703-287-5800

Debt

Debt-to-Equity Ratio1.55

Current Ratio3.46

Quick Ratio3.46

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio21.57

P/E GrowthN/A

Sales & Book Value

Annual Sales$40.69 million

Price / Sales7.70

Cash Flow$0.74 per share

Price / Cash Flow19.84

Book Value$13.32 per share

Price / Book1.10

Profitability

EPS (Most Recent Fiscal Year)$0.57

Net Income$1.74 million

Net Margins9.88%

Return on Equity1.78%

Return on Assets0.63%

Miscellaneous

EmployeesN/A

Outstanding Shares21,350,000

Market Cap$313.20 million

Next Earnings Date8/5/2020 (Estimated)

OptionableOptionable

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Gladstone Land (NASDAQ:LAND) Frequently Asked Questions

How has Gladstone Land's stock been impacted by COVID-19 (Coronavirus)?

Gladstone Land's stock was trading at $12.69 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, LAND stock has increased by 15.6% and is now trading at $14.67. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Gladstone Land?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gladstone Land in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Gladstone Land.

When is Gladstone Land's next earnings date?

Gladstone Land is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Gladstone Land.

How were Gladstone Land's earnings last quarter?

Gladstone Land Corp (NASDAQ:LAND) announced its quarterly earnings data on Wednesday, May, 6th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.17 by $0.12. The real estate investment trust earned $15.28 million during the quarter, compared to analyst estimates of $13.64 million. Gladstone Land had a net margin of 9.88% and a return on equity of 1.78%. View Gladstone Land's earnings history.

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

Gladstone Land declared a monthly dividend on Friday, April 17th. Shareholders of record on Friday, June 19th will be given a dividend of $0.0447 per share on Tuesday, June 30th. This represents a $0.54 annualized dividend and a yield of 3.66%. The ex-dividend date is Thursday, June 18th. View Gladstone Land's dividend history.

What price target have analysts set for LAND?

4 equities research analysts have issued twelve-month price targets for Gladstone Land's stock. Their forecasts range from $13.38 to $16.00. On average, they anticipate Gladstone Land's share price to reach $14.72 in the next twelve months. This suggests a possible upside of 0.3% from the stock's current price. View analysts' price targets for Gladstone Land.

Has Gladstone Land been receiving favorable news coverage?

Media headlines about LAND stock have trended extremely negative this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand news and blog 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 news impact score of -5.0 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutGladstone Land.

Are investors shorting Gladstone Land?

Gladstone Land saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 403,700 shares, an increase of 6.5% from the April 30th total of 378,900 shares. Based on an average daily trading volume, of 174,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.2% of the shares of the stock are sold short. View Gladstone Land's Current Options Chain.

Who are some of Gladstone Land's key competitors?

Some companies that are related to Gladstone Land include PennyMac Mortgage Investment Trust (PMT), Industrial Logistics Properties Trust (ILPT), DiamondRock Hospitality (DRH), Retail Properties of America (RPAI), CYRELA BRAZIL R/S (CYRBY), Retail Opportunity Investments (ROIC), Hospitality Properties Trust (SVC), Macerich (MAC), Acadia Realty Trust (AKR), Ladder Capital (LADR), Independence Realty Trust (IRT), ARBOR RLTY TR I/SH (ABR), Colony Capital (CLNY), Community Healthcare Trust (CHCT) and Northstar Realty Europe (NRE). View all 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), Stag Industrial (STAG), Johnson & Johnson (JNJ), Enterprise Products Partners (EPD), Gladstone Capital (GLAD), Ecopetrol (EC), Gladstone Investment (GAIN), Alibaba Group (BABA), Coca-Cola (KO) and Altria Group (MO).

Who are Gladstone Land's key executives?

Gladstone Land's management team includes the following 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

What is Gladstone Land's stock symbol?

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

Who are Gladstone Land's major shareholders?

Gladstone Land's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.95%), State Street Corp (1.70%), Geode Capital Management LLC (1.31%), Morgan Stanley (0.90%), Foresight Wealth Management LLC (0.87%) and Bank of New York Mellon Corp (0.66%). Company insiders that own Gladstone Land stock include David Gladstone, Lewis Parrish, Michael Licalsi, Michela A English and Paul W Adelgren. 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 Wells Fargo & Company MN, Coastal Investment Advisors Inc., Morgan Stanley, Moors & Cabot Inc., Global Strategic Management Inc., UBS Group AG, Bank of New York Mellon Corp, and Shufro Rose & Co. LLC. View insider buying and selling activity for Gladstone Land.

Which institutional investors are buying Gladstone Land stock?

LAND stock was acquired by a variety of institutional investors in the last quarter, including Two Sigma Advisers LP, Advisor Group Holdings Inc., Martingale Asset Management L P, GSA Capital Partners LLP, Acadian Asset Management LLC, Los Angeles Capital Management & Equity Research Inc., WINTON GROUP Ltd, and State Street Corp. Company insiders that have bought Gladstone Land stock in the last two years include David Gladstone, Lewis Parrish, Michael Licalsi, and Paul W Adelgren. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Gladstone Land's stock price today?

One share of LAND stock can currently be purchased for approximately $14.67.

How big of a company is Gladstone Land?

Gladstone Land has a market capitalization of $313.20 million and generates $40.69 million in revenue each year. The real estate investment trust earns $1.74 million in net income (profit) each year or $0.57 on an earnings per share basis.

What is Gladstone Land's official website?

The official website for Gladstone Land is 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]

This page was last updated on 5/26/2020 by MarketBeat.com Staff