Somewhat Positive Media Coverage Somewhat Unlikely to Impact Gladstone Land Corporation (LAND) Stock Price
Media stories about Gladstone Land Corporation (NASDAQ:LAND) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Gladstone Land Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.7992735959857 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Gladstone Land Corp (LAND) & Drive Shack (DS) Head-To-Head Survey (americanbankingnews.com)
- Reviewing InfraREIT (HIFR) and Gladstone Land Corporation (LAND) (americanbankingnews.com)
- Singular Research Chicago Midwestern Values Conference (prlog.org)
- Gladstone Land Corp. : LAND-US: Dividend Analysis : August 21st, 2017 (record date) : By the numbers : August 25, 2017 (finance.yahoo.com)
- CyrusOne (CONE) & Gladstone Land Corporation (LAND) Critical Comparison (americanbankingnews.com)
Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Gladstone Land Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Singular Research assumed coverage on shares of Gladstone Land Corporation in a research report on Thursday, May 18th. They issued a “buy” rating and a $14.25 price target on the stock. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gladstone Land Corporation in a research report on Wednesday, June 28th.
Gladstone Land Corporation (NASDAQ:LAND) opened at 13.92 on Friday. Gladstone Land Corporation has a 52-week low of $9.51 and a 52-week high of $14.09. The firm has a 50-day moving average of $12.69 and a 200 day moving average of $11.73. The company has a market capitalization of $167.19 million, a P/E ratio of 302.61 and a beta of 1.03.
Gladstone Land Corporation (NASDAQ:LAND) last announced its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by $0.04. Gladstone Land Corporation had a net margin of 2.58% and a return on equity of 0.57%. The business had revenue of $6 million for the quarter. Equities analysts predict that Gladstone Land Corporation will post $0.05 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 20th will be paid a dividend of $0.044 per share. This represents a $0.53 annualized dividend and a yield of 3.79%. The ex-dividend date is Tuesday, September 19th. Gladstone Land Corporation’s payout ratio is 1,060.21%.
In other Gladstone Land Corporation news, CEO David Gladstone acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was acquired at an average cost of $11.38 per share, for a total transaction of $227,600.00. Following the purchase, the chief executive officer now owns 1,988,585 shares in the company, valued at approximately $22,630,097.30. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 21.87% of the company’s stock.
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About Gladstone Land Corporation
Gladstone Land Corporation is an agricultural real estate investment trust (REIT). The Company is engaged in the business of owning and leasing farmland. The Company also owns various farm-related facilities, such as cooling facilities, buildings utilized for the storage and assembly of boxes for shipping produce (box barns), packinghouses, processing facilities and various storage facilities.
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