NASDAQ:LAND Gladstone Land Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Gladstone Land Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $15.34 -0.22 (-1.41 %) (As of 09/18/2020 12:20 PM ET) Add Compare Share Today's Range$15.34Now: $15.34▼$15.5750-Day Range$15.01MA: $15.71▼$16.5052-Week Range$9.61Now: $15.34▼$16.76Volume246 shsAverage Volume158,533 shsMarket Capitalization$337.83 millionP/E RatioN/ADividend Yield3.44%Beta0.69 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 1.4 Analyst's Opinion Consensus RatingGladstone Land has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.48, Gladstone Land has a forecasted upside of 6.6% from its current price of $15.46.Amount of Analyst CoverageGladstone Land has only been the subject of 3 research reports in the past 90 days. Previous Next 2.9 Community Rank Outperform VotesGladstone Land has received 344 “outperform” votes. (Add your “outperform” vote.)Underperform VotesGladstone Land has received 257 “underperform” votes. (Add your “underperform” vote.)Community SentimentGladstone Land has received 57.24% “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. Previous Next 1.7 Dividend Strength Dividend YieldGladstone Land pays a meaningful dividend of 3.44%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthGladstone Land has been increasing its dividend for 5 years.Dividend CoverageThe dividend payout ratio of Gladstone Land is 94.74%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Gladstone Land will have a dividend payout ratio of 78.26% in the coming year. This indicates that Gladstone Land may not be able to sustain their current dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Gladstone Land insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 11.98% of the stock of Gladstone Land is held by insiders.Percentage Held by Institutions38.95% of the stock of Gladstone Land is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Gladstone Land are expected to grow by 1.47% in the coming year, from $0.68 to $0.69 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Gladstone Land is -140.55, 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. SectorThe P/E ratio of Gladstone Land is -140.55, 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 RatioGladstone Land has a P/B Ratio of 1.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.4Community Rank: 2.9Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.52 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 Phone703-287-5800Debt Debt-to-Equity Ratio1.60 Current Ratio1.99 Quick Ratio1.99Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio22.56 P/E GrowthN/A Sales & Book Value Annual Sales$40.69 million Price / Sales8.30 Cash Flow$0.72 per share Price / Cash Flow21.17 Book Value$13.32 per share Price / Book1.15Profitability EPS (Most Recent Fiscal Year)$0.57 Net Income$1.74 million Net Margins9.09% Return on Equity1.66% Return on Assets0.58%Miscellaneous EmployeesN/A Outstanding Shares22,023,000Market Cap$337.83 million Next Earnings Date11/4/2020 (Estimated) OptionableOptionable $15.34 -0.22 (-1.41 %) (As of 09/18/2020 12:20 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive LAND News and Ratings via Email Sign-up to receive the latest news and ratings for LAND and its competitors with MarketBeat's FREE daily newsletter. 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 (WHO). Since then, LAND shares have increased by 22.1% and is now trading at $15.50. 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 Corp (NASDAQ:LAND) announced its quarterly earnings data on Wednesday, August, 5th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.12 by $0.22. Gladstone Land had a net margin of 9.09% and a return on equity of 1.66%. 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, July 17th. Shareholders of record on Wednesday, September 23rd will be given a dividend of $0.0448 per share on Wednesday, September 30th. This represents a $0.54 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Tuesday, September 22nd. View Gladstone Land's dividend history. What price target have analysts set for LAND? 6 brokers have issued twelve-month target prices for Gladstone Land's shares. Their forecasts range from $13.38 to $20.00. On average, they expect Gladstone Land's stock price to reach $16.48 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price. View analysts' price targets for Gladstone Land. Are investors shorting Gladstone Land? Gladstone Land saw a drop in short interest in August. As of August 31st, there was short interest totaling 328,100 shares, a drop of 16.0% from the August 15th total of 390,800 shares. Based on an average daily volume of 163,300 shares, the short-interest ratio is presently 2.0 days. Approximately 1.7% of the shares of the company are short sold. View Gladstone Land's Short Interest. Who are some of Gladstone Land's key competitors? Some companies that are related to Gladstone Land include ARBOR RLTY TR I/SH (ABR), Columbia Property Trust (CXP), Interrent Real Estate Investment Trust (IIPZF), Retail Opportunity Investments (ROIC), Broadmark Realty Capital (BRMK), Alexander's (ALX), Colony Capital (CLNY), Mack Cali Realty (CLI), MFA FINL INC/SH (MFA), Macerich (MAC), Empire State Realty Trust (ESRT), DiamondRock Hospitality (DRH), Independence Realty Trust (IRT), KKR Real Estate Finance Trust (KREF) and NexPoint Residential Trust (NXRT). 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), Johnson & Johnson (JNJ), Stag Industrial (STAG), Enterprise Products Partners (EPD), Gladstone Investment (GAIN), Gladstone Capital (GLAD), Alibaba Group (BABA), Ecopetrol (EC), Farmland Partners (FPI) and Iron Mountain (IRM). 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 SpecialistMr. 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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.38%), Virtu Financial LLC (1.87%), Foresight Wealth Management LLC (0.65%), Bank of New York Mellon Corp (0.60%), WINTON GROUP Ltd (0.61%) and Two Sigma Advisers LP (0.55%). 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 Vanguard Group Inc., Foresight Wealth Management LLC, Shufro Rose & Co. LLC, Advisor Group Holdings Inc., Sei Investments Co., Bank of New York Mellon Corp, UBS Group AG, and Coastal Investment Advisors Inc.. View insider buying and selling activity for Gladstone Land. Which institutional investors are buying Gladstone Land stock? LAND stock was purchased by a variety of institutional investors in the last quarter, including Virtu Financial LLC, California Public Employees Retirement System, Goldman Sachs Group Inc., Nuveen Asset Management LLC, Mackay Shields LLC, AE Wealth Management LLC, Two Sigma Advisers LP, and Charles Schwab Investment Management Inc.. 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 $15.50. How big of a company is Gladstone Land? Gladstone Land has a market capitalization of $341.36 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 9/18/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
