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NASDAQ:LAND

Gladstone Land Stock Forecast, Price & News

$14.15
-0.22 (-1.53 %)
(As of 10/27/2020 12:00 AM ET)
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Today's Range
$14.12
Now: $14.15
$14.45
50-Day Range
$14.15
MA: $14.89
$15.69
52-Week Range
$9.61
Now: $14.15
$16.76
Volume128,002 shs
Average Volume164,318 shs
Market Capitalization$311.63 million
P/E RatioN/A
Dividend Yield3.76%
Beta0.71
Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 115 farms, comprised of approximately 89,000 acres in 10 different states, valued at approximately $912 million. Gladstone Land's farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, apples, figs, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 10 to 20-plus years and harvested annually. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. The Company pays monthly distributions to its stockholders and has paid 90 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 19 times over the prior 22 quarters, and the current per-share distribution on its common stock is $0.0448 per month, or $0.5376 per year.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.9Dividend Strength: 0.8Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.56 out of 5 stars

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$40.69 million
Cash Flow$0.70 per share
Book Value$13.32 per share

Profitability

Net Income$1.74 million

Miscellaneous

Market Cap$311.63 million
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$14.15
-0.22 (-1.53 %)
(As of 10/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Gladstone Land (NASDAQ:LAND) Frequently Asked Questions

How has Gladstone Land's stock been impacted by Coronavirus?

Gladstone Land's stock was trading at $12.69 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, LAND stock has increased by 11.5% and is now trading at $14.15.
View which stocks have been most impacted by COVID-19
.

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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gladstone Land in the last year. There are currently 1 hold rating and 5 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, November 4th 2020.
View our earnings forecast for Gladstone Land
.

How were Gladstone Land's earnings last quarter?

Gladstone Land Co. (NASDAQ:LAND) issued its quarterly earnings results on Wednesday, August, 5th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by $0.22. Gladstone Land had a return on equity of 1.66% and a net margin of 9.09%.
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, October 16th. Stockholders of record on Wednesday, December 23rd will be given a dividend of $0.0449 per share on Thursday, December 31st. This represents a $0.54 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Tuesday, December 22nd.
View Gladstone Land's dividend history
.

What price target have analysts set for LAND?

6 brokerages have issued twelve-month price objectives for Gladstone Land's stock. Their forecasts range from $13.38 to $20.00. On average, they expect Gladstone Land's share price to reach $17.08 in the next year. This suggests a possible upside of 20.7% from the stock's current price.
View analysts' price targets for Gladstone Land
.

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 Stag Industrial (STAG), AT&T (T), Enterprise Products Partners (EPD), Johnson & Johnson (JNJ), Gladstone Investment (GAIN), Gladstone Capital (GLAD), Alibaba Group (BABA), Ecopetrol (EC), Iron Mountain (IRM) and Simon Property Group (SPG).

Who are Gladstone Land's key executives?

Gladstone Land's management team includes the following people:
  • Mr. David John Gladstone, Founder, Chairman, CEO & Pres (Age 78)
  • Mr. Terry Lee Brubaker, Vice Chairman & COO (Age 76)
  • Mr. Lewis Parrish, CFO & Assistant Treasurer (Age 41, Pay $71.9k)
  • 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 institutional and retail investors. Top institutional shareholders include Foresight Wealth Management LLC (0.58%), Nisa Investment Advisors LLC (0.06%), International Assets Investment Management LLC (0.05%), Usca Ria LLC (0.05%) and Bristlecone Advisors LLC (0.05%). 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 Foresight Wealth Management LLC.
View insider buying and selling activity for Gladstone Land
.

Which institutional investors are buying Gladstone Land stock?

LAND stock was bought by a variety of institutional investors in the last quarter, including International Assets Investment Management LLC, Usca Ria LLC, Bristlecone Advisors LLC, and Nisa Investment Advisors LLC. 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 $14.15.

How big of a company is Gladstone Land?

Gladstone Land has a market capitalization of $311.63 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 10/28/2020 by MarketBeat.com Staff

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