Gladstone Land (NASDAQ:LAND – Get Free Report) will be releasing its earnings data after the market closes on Thursday, August 8th. Analysts expect Gladstone Land to post earnings of $0.12 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
Gladstone Land Stock Up 1.5 %
LAND stock opened at $13.95 on Wednesday. The company has a current ratio of 6.14, a quick ratio of 6.14 and a debt-to-equity ratio of 0.76. Gladstone Land has a twelve month low of $12.31 and a twelve month high of $17.09. The company’s 50 day moving average is $13.92 and its two-hundred day moving average is $13.46. The stock has a market cap of $499.94 million, a P/E ratio of 233.17, a PEG ratio of 4.03 and a beta of 1.08.
Gladstone Land Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.0467 per share. The ex-dividend date is Friday, September 20th. This represents a $0.56 dividend on an annualized basis and a yield of 4.02%. Gladstone Land’s payout ratio is currently 933.33%.
Analysts Set New Price Targets
Check Out Our Latest Research Report on Gladstone Land
Gladstone Land Company Profile
Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion.
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