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NASDAQ:LAND

Gladstone Land (LAND) Stock Price, News & Analysis

Gladstone Land logo
$13.03
-0.31 (-2.32%)
(As of 10/31/2024 ET)

About Gladstone Land Stock (NASDAQ:LAND)

Key Stats

Today's Range
$13.02
$13.41
50-Day Range
$13.20
$14.82
52-Week Range
$12.31
$15.36
Volume
187,987 shs
Average Volume
179,586 shs
Market Capitalization
$466.97 million
P/E Ratio
N/A
Dividend Yield
4.30%
Price Target
$16.00
Consensus Rating
Moderate Buy

Company Overview

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 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion. 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, cherries, figs, lemons, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 20-plus years and harvested annually. Approximately 40% of the Company's fresh produce acreage is either organic or in transition to become organic, and over 10% of its permanent crop acreage falls into this category. 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 129 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 32 times over the prior 35 quarters, and the current per-share distribution on its common stock is $0.0464 per month, or $0.5568 per year.

Gladstone Land Stock Analysis - MarketRank™

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48th Percentile Overall Score

LAND MarketRank™: 

Gladstone Land scored higher than 48% of companies evaluated by MarketBeat, and ranked 638th out of 940 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Gladstone Land has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Gladstone Land has only been the subject of 1 research reports in the past 90 days.

  • Read more about Gladstone Land's stock forecast and price target.
  • Earnings Growth

    Earnings for Gladstone Land are expected to grow by 7.69% in the coming year, from $0.52 to $0.56 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Gladstone Land is -73.16, 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. Sector

    The P/E ratio of Gladstone Land is -73.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Growth Ratio

    Gladstone Land has a PEG Ratio of 4.28. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Gladstone Land has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Gladstone Land's valuation and earnings.
  • Percentage of Shares Shorted

    1.55% of the outstanding shares of Gladstone Land have been sold short.
  • Short Interest Ratio / Days to Cover

    Gladstone Land has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Gladstone Land has recently increased by 7.18%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    Gladstone Land is a leading dividend payer. It pays a dividend yield of 4.22%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Gladstone Land does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Gladstone Land is 933.33%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on EPS estimates, Gladstone Land will have a dividend payout ratio of 100.00% in the coming year. This indicates that Gladstone Land may not be able to sustain their current dividend.

  • Read more about Gladstone Land's dividend.
  • Percentage of Shares Shorted

    1.55% of the outstanding shares of Gladstone Land have been sold short.
  • Short Interest Ratio / Days to Cover

    Gladstone Land has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Gladstone Land has recently increased by 7.18%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Gladstone Land has a news sentiment score of -0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Gladstone Land this week, compared to 2 articles on an average week.
  • Search Interest

    10 people have searched for LAND on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Gladstone Land insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 7.20% of the stock of Gladstone Land is held by insiders.

  • Percentage Held by Institutions

    53.60% of the stock of Gladstone Land is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Gladstone Land's insider trading history.
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LAND Stock News Headlines

Gladstone Land Reports Limited Damage to Southeast Farms from Recent Hurricanes
Banking failure dead ahead
If you missed it, my emergency election broadcast is now available - but will be removed soon
Gladstone Land Corporation (LANDP)
See More Headlines

LAND Stock Analysis - Frequently Asked Questions

Gladstone Land's stock was trading at $14.45 on January 1st, 2024. Since then, LAND shares have decreased by 8.9% and is now trading at $13.17.
View the best growth stocks for 2024 here
.

Gladstone Land Co. (NASDAQ:LAND) announced its quarterly earnings data on Monday, February, 21st. The real estate investment trust reported ($0.04) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.04). Gladstone Land had a net margin of 19.77% and a trailing twelve-month return on equity of 2.46%.

Gladstone Land's top institutional shareholders include Janney Montgomery Scott LLC (0.70%), PFG Investments LLC (0.39%), Accordant Advisory Group Inc (0.30%) and Pullen Investment Management LLC (0.15%).
View institutional ownership trends
.

Shares of LAND stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Gladstone Land investors own include Tesla (TSLA), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Visa (V) and Walmart (WMT).

Company Calendar

Last Earnings
2/21/2022
Ex-Dividend for 10/31 Dividend
10/22/2024
Today
10/31/2024
Dividend Payable
10/31/2024
Next Earnings (Confirmed)
11/06/2024
Ex-Dividend for 11/29 Dividend
11/20/2024
Dividend Payable
11/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Trading
Current Symbol
NASDAQ:LAND
Employees
70
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.00
High Stock Price Target
$16.00
Low Stock Price Target
$16.00
Potential Upside/Downside
+21.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$14.56 million
Pretax Margin
19.77%

Debt

Sales & Book Value

Annual Sales
$89.54 million
Cash Flow
$1.48 per share
Book Value
$20.08 per share

Miscellaneous

Free Float
33,258,000
Market Cap
$471.99 million
Optionable
Optionable
Beta
1.07

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This page (NASDAQ:LAND) was last updated on 10/31/2024 by MarketBeat.com Staff
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