Gladstone Land (LAND) to Release Quarterly Earnings on Wednesday

Gladstone Land (NASDAQ:LAND - Get Free Report) is anticipated to release its earnings data after the market closes on Wednesday, February 19th. Analysts expect Gladstone Land to post earnings of ($0.10) per share and revenue of $20.45 million for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Gladstone Land Price Performance

Shares of NASDAQ LAND traded down $0.05 during midday trading on Friday, reaching $11.62. 348,075 shares of the stock traded hands, compared to its average volume of 276,542. The stock has a market capitalization of $420.53 million, a PE ratio of -44.69, a P/E/G ratio of 3.48 and a beta of 1.05. The company's 50 day moving average is $10.85 and its 200 day moving average is $12.47. Gladstone Land has a one year low of $10.27 and a one year high of $15.36. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.70 and a quick ratio of 0.70.

Gladstone Land Increases Dividend

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

Wall Street Analyst Weigh In

Separately, Alliance Global Partners downgraded Gladstone Land from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $16.00 to $14.50 in a research report on Friday, November 8th.

Gladstone Land Company Profile

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.