Gladstone Land Corporation (NASDAQ:LAND) declared a monthly dividend on Wednesday, October 11th, Wall Street Journal reports. Investors of record on Friday, October 20th will be given a dividend of 0.0441 per share by the real estate investment trust on Tuesday, October 31st. This represents a $0.53 annualized dividend and a yield of 3.84%. The ex-dividend date is Thursday, October 19th. This is an increase from Gladstone Land Corporation’s previous monthly dividend of $0.04.

Gladstone Land Corporation (NASDAQ:LAND) opened at 13.77 on Friday. The company’s 50-day moving average is $13.37 and its 200 day moving average is $12.05. The stock has a market capitalization of $165.39 million, a PE ratio of 299.35 and a beta of 1.00. Gladstone Land Corporation has a 1-year low of $9.70 and a 1-year high of $14.09.

Gladstone Land Corporation (NASDAQ:LAND) last issued its quarterly earnings results 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). The company had revenue of $6.00 million during the quarter. Gladstone Land Corporation had a return on equity of 0.57% and a net margin of 2.58%. Equities analysts predict that Gladstone Land Corporation will post $0.06 earnings per share for the current year.

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An institutional investor recently raised its position in Gladstone Land Corporation stock. Northern Trust Corp increased its stake in Gladstone Land Corporation (NASDAQ:LAND) by 16.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,439 shares of the real estate investment trust’s stock after acquiring an additional 7,673 shares during the quarter. Northern Trust Corp owned approximately 0.45% of Gladstone Land Corporation worth $624,000 at the end of the most recent reporting period. 21.11% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Gladstone Land Corporation from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $14.00 price target (up previously from $13.00) on shares of Gladstone Land Corporation in a report on Monday, September 18th. They noted that the move was a valuation call.

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.

Dividend History for Gladstone Land Corporation (NASDAQ:LAND)

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