Wall Street brokerages expect Gladstone Land Corporation (NASDAQ:LAND) to announce $0.15 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for Gladstone Land’s earnings. Gladstone Land posted earnings per share of $0.01 during the same quarter last year, which indicates a positive year-over-year growth rate of 1,400%. The company is expected to report its next quarterly earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Gladstone Land will report full year earnings of $0.58 per share for the current financial year, with EPS estimates ranging from $0.57 to $0.58. For the next financial year, analysts expect that the business will report earnings of $0.66 per share, with EPS estimates ranging from $0.62 to $0.72. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Gladstone Land.

LAND has been the subject of a number of research reports. Ladenburg Thalmann Financial Services restated a “buy” rating and set a $14.00 target price (up previously from $13.00) on shares of Gladstone Land in a research report on Monday, September 18th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Gladstone Land from a “sell” rating to a “hold” rating in a research report on Saturday, September 23rd. Finally, Hilliard Lyons downgraded shares of Gladstone Land from a “buy” rating to a “neutral” rating in a report on Wednesday, November 8th.

Shares of Gladstone Land (NASDAQ LAND) traded up $0.13 on Tuesday, reaching $13.58. 45,585 shares of the company’s stock were exchanged, compared to its average volume of 61,938. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 2.48. The firm has a market capitalization of $183.98, a PE ratio of 24.31 and a beta of 0.98. Gladstone Land has a one year low of $10.35 and a one year high of $14.29.

The company also recently declared a monthly dividend, which was paid on Thursday, November 30th. Stockholders of record on Monday, November 20th were issued a dividend of $0.0441 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.90%. Gladstone Land’s dividend payout ratio (DPR) is presently 1,767.26%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Gladstone Land by 2.4% during the second quarter. Vanguard Group Inc. now owns 309,464 shares of the real estate investment trust’s stock worth $3,612,000 after buying an additional 7,356 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Gladstone Land by 488.4% during the third quarter. JPMorgan Chase & Co. now owns 123,985 shares of the real estate investment trust’s stock worth $1,697,000 after buying an additional 102,912 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Gladstone Land by 16.8% during the second quarter. Northern Trust Corp now owns 53,439 shares of the real estate investment trust’s stock worth $624,000 after buying an additional 7,673 shares in the last quarter. Shufro Rose & Co. LLC grew its holdings in shares of Gladstone Land by 38.3% during the second quarter. Shufro Rose & Co. LLC now owns 48,000 shares of the real estate investment trust’s stock worth $560,000 after buying an additional 13,300 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Gladstone Land by 9.6% during the second quarter. Janney Montgomery Scott LLC now owns 31,841 shares of the real estate investment trust’s stock worth $372,000 after buying an additional 2,790 shares in the last quarter. Institutional investors and hedge funds own 26.34% of the company’s stock.

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Gladstone Land 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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