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 farmers. The Company reports the current fair value of its farmland on a quarterly basis; as of March 31, 2018, the estimated net asset value of the Company was $13.57 per share. Gladstone Land currently owns 75 farms, comprised of 63,351 acres in 9 different states across the U.S., valued at approximately $537 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 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 the current per-share distribution is $0.0443 per month, or $0.5316 per year. The Company has paid 63 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. Additional information can be found at www.GladstoneLand.com and www.GladstoneFarms.com.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:LAND
CUSIPN/A
Phone703-287-5800
Debt
Debt-to-Equity Ratio2.17
Current Ratio0.26
Quick Ratio0.26
Price-To-Earnings
Trailing P/E Ratio23.55
Forward P/E Ratio23.61
P/E GrowthN/A
Sales & Book Value
Annual Sales$25.12 million
Price / Sales8.46
Cash Flow$0.5765 per share
Price / Cash22.93
Book Value$8.65 per share
Price / Book1.53
Profitability
EPS (Most Recent Fiscal Year)$0.56
Net Income$-30,000.00
Net Margins-7.74%
Return on Equity-2.09%
Return on Assets-0.56%
Miscellaneous
Employees65
Outstanding Shares16,070,000
Market Cap$201.20 million
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 declared a monthly dividend on Wednesday, July 11th. Shareholders of record on Tuesday, August 21st will be given a dividend of $0.0444 per share on Friday, August 31st. This represents a $0.53 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Monday, August 20th. View Gladstone Land's Dividend History.
How were Gladstone Land's earnings last quarter?
Gladstone Land Corp (NASDAQ:LAND) issued its 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 negative return on equity of 2.09% and a negative net margin of 7.74%. View Gladstone Land's Earnings History.
When is Gladstone Land's next earnings date?
What price target have analysts set for LAND?
3 brokerages have issued 1 year price objectives 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 13.5% from the stock's current price. View Analyst Price Targets for Gladstone Land.
What is the consensus analysts' recommendation for Gladstone Land?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gladstone Land in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. " (8/14/2018)
- 2. Maxim Group analysts commented, "LAND covered its new quarterly dividend of $0.1329 (up from $0.13275) with core FFO. Our price target of $15 equates to 1.1x estimated appraised NAV.." (5/9/2018)
- 3. LADENBURG THALM/SH SH analysts commented, "We continue to focus on external growth potential, as weak YTD internal growth seems driven by unique circumstances; reiterate BUY—Gladstone Land had a robust quarter in terms of acquisitions, closing $38.2M of transactions in 3Q’17 helping bring YTD purchases to $122.7M. Furthermore, with the completion of two follow-on offerings this year, LAND has ample runway for additional investments, with management stating on the REIT’s 3Q’17 earnings call that they had $35M of cash buying power. However, LAND’s internal growth has been weak, with average rent increases on renewals of ~1% on a YTD basis and a 12.5% decrease in rent from the two renewals completed in 3Q’17. Additionally, subsequent to quarter end, the REIT replaced a struggling tenant at one of the recently renewed farms, taking over operations via LAND’s taxable REIT subsidiary (TRS)." (12/8/2017)
Who are some of Gladstone Land's key competitors?
Some companies that are related to Gladstone Land include NY Mtg Tr Inc/SH (NYMT), CBL & Associates Properties (CBL), CAPSTEAD Mtg Co/SH (CMO), Pennsylvania R.E.I.T. (PEI), Urstadt Biddle Properties (UBP), istar (STAR), Northstar Realty Europe (NRE), Preferred Apartment Communities (APTS), CIM Commercial Trust (CMCT), NexPoint Residential Trust (NXRT), INVESTORS REAL ESTATE TRUST REIT Common Stock (IRET), Ashford Hospitality Trust (AHT), Essential Properties Realty Trust (EPRT), Catchmark Timber Trust (CTT) and Community Healthcare Trust (CHCT).
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 Dellafiora Jr., CPA, Chief Compliance Officer
Has Gladstone Land been receiving favorable news coverage?
News headlines about LAND stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Gladstone Land earned a news and rumor sentiment score of 0.11 on Accern's scale. They also gave media headlines about the real estate investment trust an impact score of 45.54 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for Gladstone Land.
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. (4.22%), Renaissance Technologies LLC (3.70%), Foster & Motley Inc. (3.00%), State of New Jersey Common Pension Fund D (1.89%), Bank of New York Mellon Corp (0.52%) and Diligent Investors LLC (0.28%). Company insiders that own Gladstone Land stock include Caren D Merrick, David Gladstone, Jay Beckhorn, Lewis Parrish, Michela A English, Paul W Adelgren 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 bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Foster & Motley Inc., Renaissance Technologies LLC, Bank of New York Mellon Corp, Schwab Charles Investment Management Inc., Rhumbline Advisers, Strs Ohio and Teachers Insurance & Annuity Association of America. Company insiders that have bought Gladstone Land stock in the last two years include Caren D Merrick, David Gladstone, Jay Beckhorn, Lewis Parrish, Michela A English, Paul W Adelgren 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 $13.22.
How big of a company is Gladstone Land?
Gladstone Land has a market capitalization of $201.20 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.
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.
