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 farmers. The Company reports the current fair value of its farmland on a quarterly basis; as of September 30, 2018, the estimated net asset value of the Company was $13.79 per share. Gladstone Land currently owns 83 farms, comprised of 68,777 acres in 9 different states across the U.S., valued at approximately $602 million. Its acreage is predominantly concentrated in locations where its tenants are able to grow fresh produce annual row crops (e.g., berries and vegetables), which are generally planted and harvested annually, as well as permanent crops (e.g., 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 69 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 $0.0444 per month, or $0.5328 per year.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Phone703-287-5800
Debt
Current Ratio0.46
Quick Ratio0.46
Price-To-Earnings
Sales & Book Value
Annual Sales$25.12 million
Price / Sales7.37
Price / Cash Flow23.08
Price / Book1.31
Profitability
Net Income$-30,000.00
Net Margins9.30%
Return on Assets0.69%
Miscellaneous
Employees65
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 Thursday, January 10th. Stockholders of record on Wednesday, February 20th will be given a dividend of $0.0445 per share on Thursday, February 28th. This represents a $0.53 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Tuesday, February 19th. View Gladstone Land's Dividend History.
How were Gladstone Land's earnings last quarter?
Gladstone Land Corp (NASDAQ:LAND) posted its quarterly earnings results on Tuesday, May, 8th. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by $0.01. The real estate investment trust earned $9.25 million during the quarter. Gladstone Land had a net margin of 9.30% and a return on equity of 2.48%. View Gladstone Land's Earnings History.
When is Gladstone Land's next earnings date?
What price target have analysts set for LAND?
2 brokers have issued 12 month price objectives for Gladstone Land's shares. Their forecasts range from $15.00 to $15.00. On average, they expect Gladstone Land's stock price to reach $15.00 in the next year. This suggests a possible upside of 32.4% 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.
Has Gladstone Land been receiving favorable news coverage?
Media coverage about LAND stock has been trending negative on Wednesday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Gladstone Land earned a news impact score of -2.5 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the stock's share price in the near future.
Who are some of Gladstone Land's key competitors?
Some companies that are related to Gladstone Land include Northstar Realty Europe (NRE), Urstadt Biddle Properties (UBA), CorePoint Lodging (CPLG), CIM Commercial Trust (CMCT), Hersha Hospitality Trust (HT), Preferred Apartment Communities (APTS), Investors Real Estate Trust Reit (IRET), Select Income REIT (SIR), CAPSTEAD MTG CO/SH (CMO), istar (STAR), Urstadt Biddle Properties (UBP), Essential Properties Realty Trust (EPRT), Community Healthcare Trust (CHCT), Whitestone REIT (WSR) and One Liberty Properties (OLP).
Who are Gladstone Land's key executives?
Gladstone Land's management team includes the folowing people:
- Mr. David John Gladstone, Founder, Chairman, CEO & Pres (Age 77)
- Mr. Terry Lee Brubaker, Vice Chairman & COO (Age 75)
- Mr. Lewis Parrish, CFO & Assistant Treasurer (Age 40)
- 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 $11.33.
How big of a company is Gladstone Land?
Gladstone Land has a market capitalization of $205.90 million and generates $25.12 million in revenue each year. The real estate investment trust earns $-30,000.00 in net income (profit) each year or $0.56 on an earnings per share basis. Gladstone Land employs 65 workers across the globe.
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.
