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 June 30, 2018, the estimated net asset value of the Company was $13.51 per share. Gladstone Land currently owns 79 farms, comprised of 67,060 acres in 9 different states across the U.S., valued at approximately $560 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 66 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 $0.04435 per month, or $0.5322 per year.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:LAND
Previous Symbol
CUSIPN/A
Phone703-287-5800
Debt
Debt-to-Equity Ratio2.15
Current Ratio0.46
Quick Ratio0.46
Price-To-Earnings
Trailing P/E Ratio23.63
Forward P/E Ratio30.07
P/E GrowthN/A
Sales & Book Value
Annual Sales$25.12 million
Price / Sales8.46
Cash Flow$0.5515 per share
Price / Cash23.99
Book Value$8.65 per share
Price / Book1.53
Profitability
EPS (Most Recent Fiscal Year)$0.56
Net Income$-30,000.00
Net Margins9.30%
Return on Equity2.48%
Return on Assets0.69%
Miscellaneous
Employees65
Outstanding Shares16,070,000
Market Cap$210.52 million
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 dividend on Tuesday, October 9th. Stockholders of record on Tuesday, November 20th will be given a dividend of $0.044 per share on Friday, November 30th. The ex-dividend date is Monday, November 19th. This is an increase from Gladstone Land's previous dividend of $0.03. 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 for the quarter, missing the consensus estimate 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 Wall Street analysts have issued 1-year price objectives for Gladstone Land's shares. Their forecasts range from $15.00 to $15.00. On average, they anticipate Gladstone Land's stock price to reach $15.00 in the next twelve months. This suggests a possible upside of 13.4% 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Gladstone Land.
Has Gladstone Land been receiving favorable news coverage?
News articles about LAND stock have been trending neutral recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. 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 0.3 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future.
Who are some of Gladstone Land's key competitors?
Some companies that are related to Gladstone Land include Northstar Realty Europe (NRE), Granite Point Mortgage Trust (GPMT), Urstadt Biddle Properties (UBA), CIM Commercial Trust (CMCT), istar (STAR), Hersha Hospitality Trust (HT), NexPoint Residential Trust (NXRT), Urstadt Biddle Properties (UBP), CAPSTEAD Mtg Co/SH (CMO), Investors Real Estate Trust Reit (IRET), Pennsylvania R.E.I.T. (PEI), Preferred Apartment Communities (APTS), Essential Properties Realty Trust (EPRT), Community Healthcare Trust (CHCT) and Whitestone REIT (WSR).
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 76)
- Mr. Terry Lee Brubaker, Vice Chairman & COO (Age 74)
- Mr. Lewis Parrish, CFO & Assistant Treasurer (Age 39)
- 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 variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.19%), Foster & Motley Inc. (2.90%), Marathon Capital Management (0.67%), Bank of New York Mellon Corp (0.53%), JPMorgan Chase & Co. (0.33%) and JPMorgan Chase & Co. (0.33%). Company insiders that own Gladstone Land stock include David Gladstone, Jay Beckhorn, Lewis Parrish, Michela A English and Walter H Wilkinson. View Institutional Ownership Trends for Gladstone Land.
Which major investors are selling Gladstone Land stock?
Which major investors are buying Gladstone Land stock?
LAND stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Proficio Capital Partners LLC, Cambridge Investment Research Advisors Inc., Cahill Financial Advisors Inc., Foster & Motley Inc. and Bank of New York Mellon Corp. Company insiders that have bought Gladstone Land stock in the last two years include David Gladstone, Jay Beckhorn, Lewis Parrish, Michela A English 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 $13.23.
How big of a company is Gladstone Land?
Gladstone Land has a market capitalization of $210.52 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.
