Zacks: Analysts Anticipate Gladstone Land Corporation (LAND) Will Announce Earnings of $0.16 Per Share
Wall Street analysts expect Gladstone Land Corporation (NASDAQ:LAND) to post earnings per share of $0.16 for the current quarter, according to Zacks. Zero analysts have issued estimates for Gladstone Land Corporation’s earnings. The business is scheduled to issue its next earnings report on Monday, November 13th.
According to Zacks, analysts expect that Gladstone Land Corporation will report full year earnings of $0.60 per share for the current year, with EPS estimates ranging from $0.59 to $0.61. For the next fiscal year, analysts expect that the company will post earnings of $0.68 per share, with EPS estimates ranging from $0.64 to $0.72. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Gladstone Land Corporation.
Gladstone Land Corporation (NASDAQ:LAND) last announced its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). The business had revenue of $6.00 million during the quarter. Gladstone Land Corporation had a return on equity of 0.57% and a net margin of 2.58%.
Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Gladstone Land Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $14.00 price target (up previously from $13.00) on shares of Gladstone Land Corporation in a research report on Monday, September 18th. They noted that the move was a valuation call.
A number of institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in Gladstone Land Corporation by 1.2% during the 1st quarter. Bank of America Corp DE now owns 9,618 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 118 shares during the period. Stelac Advisory Services LLC increased its holdings in Gladstone Land Corporation by 4.9% during the 2nd quarter. Stelac Advisory Services LLC now owns 11,849 shares of the real estate investment trust’s stock worth $138,000 after acquiring an additional 552 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Gladstone Land Corporation by 5.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 15,996 shares of the real estate investment trust’s stock worth $187,000 after acquiring an additional 804 shares during the period. JPMorgan Chase & Co. increased its holdings in Gladstone Land Corporation by 10.4% during the 1st quarter. JPMorgan Chase & Co. now owns 9,890 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 929 shares during the period. Finally, Strs Ohio increased its holdings in Gladstone Land Corporation by 8.9% during the 2nd quarter. Strs Ohio now owns 11,595 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 943 shares during the period. 21.11% of the stock is currently owned by institutional investors and hedge funds.
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Gladstone Land Corporation (LAND) opened at 13.99 on Tuesday. The stock has a 50 day moving average price of $13.36 and a 200 day moving average price of $12.07. The firm has a market capitalization of $168.03 million, a P/E ratio of 304.13 and a beta of 1.00. Gladstone Land Corporation has a one year low of $9.70 and a one year high of $14.09.
The company also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 20th will be issued a dividend of $0.0441 per share. This represents a $0.53 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Friday, November 17th. Gladstone Land Corporation’s dividend payout ratio (DPR) is presently 1,060.21%.
Gladstone Land Corporation Company Profile
Gladstone Land Corporation is an agricultural real estate investment trust (REIT). The Company is engaged in the business of owning and leasing farmland. The Company also owns various farm-related facilities, such as cooling facilities, buildings utilized for the storage and assembly of boxes for shipping produce (box barns), packinghouses, processing facilities and various storage facilities.
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