Gladstone Land (LAND) to Release Earnings on Wednesday

Gladstone Land (NASDAQ:LAND) is expected to be announcing its earnings results after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $20.45 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Gladstone Land Stock Down 0.4 %

NASDAQ LAND opened at $11.62 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a 50-day simple moving average of $10.85 and a 200 day simple moving average of $12.45. Gladstone Land has a twelve month low of $10.27 and a twelve month high of $15.36. The stock has a market cap of $420.53 million, a PE ratio of -44.69, a PEG ratio of 3.48 and a beta of 1.05.

Gladstone Land Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were paid a dividend of $0.0467 per share. This is a boost from Gladstone Land’s previous dividend of $0.04. The ex-dividend date of this dividend was Friday, January 24th. This represents a yield of 5.33%. Gladstone Land’s dividend payout ratio (DPR) is currently -215.38%.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners lowered shares of Gladstone Land from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $16.00 to $14.50 in a report on Friday, November 8th.

About Gladstone Land

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.