Gladstone Land (LANDP) Expected to Announce Quarterly Earnings on Wednesday

Gladstone Land (NASDAQ:LANDP) is expected to release its results after the market closes on Wednesday, November 11th. Analysts expect the company to post earnings of ($0.1267) per share and revenue of $16.54 million for the quarter.

Gladstone Land Price Performance

Shares of NASDAQ:LANDP opened at $18.77 on Wednesday. Gladstone Land has a 12-month low of $18.42 and a 12-month high of $21.50. The stock’s 50-day moving average price is $19.93 and its two-hundred day moving average price is $20.21.

Gladstone Land Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, December 21st will be given a dividend of $0.1250 per share. This represents a $1.50 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Monday, December 21st.

About Gladstone Land

Gladstone Land Corporation is a real estate investment trust (REIT) that owns and manages farmland in the United States. The company’s properties are used to grow a range of agricultural products, including fresh produce, permanent crops such as almonds and pistachios, and traditional row crops.

Gladstone Land generally leases its properties to farmers under long-term, typically triple-net lease agreements. Under this structure, tenants are generally responsible for property-level expenses such as operating costs, maintenance, insurance and taxes.