Gladstone Land (LAND) Projected to Post Earnings on Wednesday

Gladstone Land (NASDAQ:LAND - Get Free Report) is anticipated to announce its Q4 2024 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. Parties interested in participating in the company's conference call can do so using this link.

Gladstone Land (NASDAQ:LAND - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.19. Gladstone Land had a net margin of 16.45% and a return on equity of 2.05%. On average, analysts expect Gladstone Land to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Gladstone Land Price Performance

Gladstone Land stock traded down $0.17 during mid-day trading on Wednesday, reaching $11.52. The company had a trading volume of 233,725 shares, compared to its average volume of 339,830. The business has a fifty day simple moving average of $10.86 and a 200 day simple moving average of $12.41. The company has a market cap of $416.91 million, a P/E ratio of -44.31, a P/E/G ratio of 3.72 and a beta of 1.05. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.77. Gladstone Land has a fifty-two week low of $10.27 and a fifty-two week high of $15.36.

Gladstone Land Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were issued a dividend of $0.0467 per share. This is an increase from Gladstone Land's previous dividend of $0.04. The ex-dividend date was Friday, January 24th. This represents a dividend yield of 5.33%. Gladstone Land's dividend payout ratio (DPR) is -215.38%.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners downgraded Gladstone Land from a "buy" rating to a "neutral" rating and dropped their target price for the company from $16.00 to $14.50 in a research 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.