Gladstone Land Corp (LAND) Announces Quarterly Results
Gladstone Land Corp (NASDAQ:LAND) issued its quarterly earnings data on Monday. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.01, Stock Ratings Network reports.
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.
Gladstone Land Corp (NASDAQ:LAND) traded down 0.98% during mid-day trading on Monday, hitting $12.10. 28,000 shares of the company’s stock traded hands. 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 $12.56 and a 200-day moving average of $12.78. The company’s market cap is $79.0 million.
The company also recently announced a monthly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Wednesday, August 20th will be paid a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Monday, August 18th.
Gladstone Land Corporation is an externally-managed real estate company formed to invest in farmland located in agricultural markets throughout the United States.
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