Gladstone Land (NASDAQ:LAND) Announces Quarterly Earnings Results, Misses Expectations By $0.37 EPS

Gladstone Land (NASDAQ:LAND) announced its earnings results on Tuesday. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.37), FiscalAI reports. The company had revenue of $41.45 million during the quarter, compared to the consensus estimate of $32.07 million. Gladstone Land had a net margin of 14.50% and a return on equity of 1.46%.

Gladstone Land Stock Performance

Shares of Gladstone Land stock traded up $0.20 during trading on Tuesday, reaching $11.51. The company’s stock had a trading volume of 598,564 shares, compared to its average volume of 792,112. Gladstone Land has a one year low of $8.47 and a one year high of $11.85. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $428.98 million, a price-to-earnings ratio of -52.32, a price-to-earnings-growth ratio of 5.35 and a beta of 1.22. The business’s fifty day moving average price is $9.95 and its 200-day moving average price is $9.42.

Gladstone Land Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be paid a $0.0467 dividend. The ex-dividend date is Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 4.9%. Gladstone Land’s dividend payout ratio (DPR) is presently -254.55%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gladstone Land in a report on Monday, December 29th. Wall Street Zen cut Gladstone Land from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. Alliance Global Partners reiterated a “neutral” rating on shares of Gladstone Land in a research report on Tuesday, November 11th. Zacks Research lowered Gladstone Land from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, iA Financial set a $10.00 target price on Gladstone Land in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Gladstone Land has a consensus rating of “Hold” and a consensus target price of $10.00.

Institutional Trading of Gladstone Land

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC increased its stake in Gladstone Land by 40.1% during the third quarter. Parallel Advisors LLC now owns 4,840 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 1,386 shares during the period. Strs Ohio bought a new stake in shares of Gladstone Land in the 1st quarter worth approximately $63,000. Russell Investments Group Ltd. grew its holdings in shares of Gladstone Land by 164.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,051 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 3,761 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Gladstone Land by 348.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,845 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 6,871 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Gladstone Land during the fourth quarter valued at approximately $94,000. 53.60% of the stock is currently owned by institutional investors and hedge funds.

About Gladstone Land

Gladstone Land Corporation (NASDAQ: LAND) is a publicly traded real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland in the United States. Established in 2013 and headquartered in Wayne, Pennsylvania, the company focuses on purchasing high-quality agricultural properties and leasing them to farmers under long‐term, triple‐net lease agreements. This model provides tenants with operational flexibility while generating stable, recurring rental income for investors.

The company’s portfolio spans several key agricultural regions across the country, including California, the Midwest, and parts of the Southeast.