Wall Street analysts expect Gladstone Land Corporation (NASDAQ:LAND) to announce $0.16 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Gladstone Land Corporation’s earnings. The firm is expected to issue its next earnings results on Monday, November 13th.

On average, analysts expect that Gladstone Land Corporation will report full year earnings of $0.60 per share for the current year, with EPS estimates ranging from $0.59 to $0.61. For the next financial year, analysts anticipate that the company will post earnings of $0.68 per share, with EPS estimates ranging from $0.64 to $0.72. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Gladstone Land Corporation.

Gladstone Land Corporation (NASDAQ:LAND) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.04). Gladstone Land Corporation had a return on equity of 0.57% and a net margin of 2.58%. The firm had revenue of $6.00 million for the quarter.

Several brokerages have issued reports on LAND. Zacks Investment Research lowered Gladstone Land Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $14.00 price objective (up previously from $13.00) on shares of Gladstone Land Corporation in a research note on Monday, September 18th. They noted that the move was a valuation call.

Several institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in shares of Gladstone Land Corporation by 81.4% in the second quarter. Royal Bank of Canada now owns 10,710 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 4,806 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Gladstone Land Corporation by 2.4% during the second quarter. Vanguard Group Inc. now owns 309,464 shares of the real estate investment trust’s stock worth $3,612,000 after acquiring an additional 7,356 shares in the last quarter. Northern Trust Corp increased its position in shares of Gladstone Land Corporation by 16.8% during the second quarter. Northern Trust Corp now owns 53,439 shares of the real estate investment trust’s stock worth $624,000 after acquiring an additional 7,673 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Gladstone Land Corporation by 113.1% during the second quarter. JPMorgan Chase & Co. now owns 21,073 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 11,183 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Gladstone Land Corporation by 5.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 15,996 shares of the real estate investment trust’s stock worth $187,000 after acquiring an additional 804 shares in the last quarter. 21.11% of the stock is currently owned by hedge funds and other institutional investors.

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Gladstone Land Corporation (NASDAQ:LAND) traded down 0.15% during midday trading on Thursday, reaching $13.57. The company’s stock had a trading volume of 35,189 shares. The firm has a 50 day moving average of $13.33 and a 200 day moving average of $11.92. Gladstone Land Corporation has a 52-week low of $9.51 and a 52-week high of $14.09. The firm has a market cap of $162.99 million, a P/E ratio of 295.00 and a beta of 1.00.

The firm also recently declared a monthly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, September 20th were paid a dividend of $0.044 per share. The ex-dividend date was Tuesday, September 19th. This represents a $0.53 dividend on an annualized basis and a yield of 3.89%. Gladstone Land Corporation’s dividend payout ratio (DPR) is presently 1,060.21%.

Gladstone Land Corporation Company Profile

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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