Gladstone Land Corp Plans Monthly Dividend of $0.03 (LAND)
Gladstone Land Corp (NASDAQ:LAND) announced a monthly dividend on Thursday, July 17th, StockRatingsNetwork.com reports. Stockholders of record on Wednesday, August 20th will be paid a dividend of 0.03 per share on Friday, August 29th. This represents a $0.36 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Monday, August 18th.
On a related note, analysts at JMP Securities reiterated a “market outperform” rating on shares of Gladstone Land Corp in a research note on Wednesday, May 7th. They now have a $14.50 price target on the stock, down previously from $15.50.
Shares of Gladstone Land Corp (NASDAQ:LAND) traded down 3.18% during mid-day trading on Thursday, hitting $12.18. The stock had a trading volume of 41,406 shares. Gladstone Land Corp has a 52-week low of $10.78 and a 52-week high of $17.40. The stock has a 50-day moving average of $12.26 and a 200-day moving average of $13.03. The company’s market cap is $79.5 million.
Gladstone Land Corp (NASDAQ:LAND) last announced its earnings results on Monday, May 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $1.50 million for the quarter, compared to the consensus estimate of $1.49 million. On average, analysts predict that Gladstone Land Corp will post $0.07 earnings per share for the current fiscal year.
Gladstone Land Corporation is an externally-managed real estate company formed to invest in farmland located in agricultural markets throughout the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.