Gladstone Land (LAND) Stock Price, News & Analysis

Company Overview

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. Gladstone Land's farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, apples, cherries, figs, lemons, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 20-plus years and harvested annually. Approximately 40% of the Company's fresh produce acreage is either organic or in transition to become organic, and over 10% of its permanent crop acreage falls into this category. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. Gladstone Land pays monthly distributions to its stockholders and has paid 129 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 32 times over the prior 35 quarters, and the current per-share distribution on its common stock is $0.0464 per month, or $0.5568 per year.

Key Stats

• Today's Range: $11.92 to $12.09
• 50-Day Range: $11.97 to $14.82
• 52-Week Range: $11.91 to $15.36
• Volume: 288,898 shs
• Average Volume: 221,321 shs
• Market Capitalization: $433.92 million
• P/E Ratio: N/A
• Dividend Yield: 4.67%
• Price Target: $15.50
• Consensus Rating: Hold

Gladstone Land Stock Analysis - MarketRank™

Gladstone Land scored higher than 66% of companies evaluated by MarketBeat, and ranked 483rd out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

Gladstone Land has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Gladstone Land has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 11.54%

Earnings Growth

Earnings for Gladstone Land are expected to grow by 11.54% in the coming year, from $0.52 to $0.58 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Gladstone Land is -46.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Gladstone Land is -46.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Gladstone Land has a PEG Ratio of 3.88. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Gladstone Land has a P/B Ratio of 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.69% of the outstanding shares of Gladstone Land have been sold short.

Short Interest Ratio / Days to Cover

Gladstone Land has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Gladstone Land has recently increased by 10.13%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Gladstone Land is a leading dividend payer. It pays a dividend yield of 4.67%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Gladstone Land does not have a long track record of dividend growth.

Dividend Sustainability

Based on EPS estimates, Gladstone Land will have a dividend payout ratio of 96.55% in the coming year. This indicates that Gladstone Land may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.69% of the outstanding shares of Gladstone Land have been sold short.

Short Interest Ratio / Days to Cover

Gladstone Land has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Gladstone Land has recently increased by 10.13%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.47

News Sentiment

Gladstone Land has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Gladstone Land this week, compared to 2 articles on an average week.

Search Interest

Only 6 people have searched for LAND on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Gladstone Land to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Gladstone Land insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 7.20% of the stock of Gladstone Land is held by insiders.

Percentage Held by Institutions

53.60% of the stock of Gladstone Land is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LAND Stock Analysis - Frequently Asked Questions

How have LAND shares performed this year?

Gladstone Land's stock was trading at $14.45 at the beginning of 2024. Since then, LAND stock has decreased by 17.0% and is now trading at $11.99.
View the best growth stocks for 2024 here.

How were Gladstone Land's earnings last quarter?

Gladstone Land Co. (NASDAQ:LAND) announced its quarterly earnings data on Monday, February, 21st. The real estate investment trust reported ($0.04) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.04). Gladstone Land had a net margin of 16.45% and a trailing twelve-month return on equity of 2.05%.

Who are Gladstone Land's major shareholders?

Top institutional shareholders of Gladstone Land include Geode Capital Management LLC (2.49%), State Street Corp (2.20%), Janney Montgomery Scott LLC (0.70%) and State of New Jersey Common Pension Fund D (0.57%).
View institutional ownership trends.

How do I buy shares of Gladstone Land?

Shares of LAND stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Gladstone Land own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Gladstone Land investors own include Tesla (TSLA), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Visa (V) and Walmart (WMT).

Company Calendar

• Last Earnings: 2/21/2022
• Today: 11/16/2024
• Ex-Dividend for 11/29 Dividend: 11/20/2024
• Dividend Payable: 11/29/2024
• Ex-Dividend for 12/31 Dividend: 12/20/2024
• Dividend Payable: 12/31/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/18/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• Current Symbol: NASDAQ:LAND
• CUSIP: N/A
• CIK: 1495240
• Web: www.gladstoneland.com
• Phone: (703) 287-5914
• Fax: 703-287-5801
• Employees: 70
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $15.50
• High Stock Price Target: $16.00
• Low Stock Price Target: $14.50
• Potential Upside/Downside: +29.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.26)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 23.06
• P/E Growth: 3.95
• Net Income: $14.56 million
• Net Margins: 16.45%
• Pretax Margin: 16.45%
• Return on Equity: 2.05%
• Return on Assets: 1.07%

Debt

• Debt-to-Equity Ratio: 0.77
• Current Ratio: 0.70
• Quick Ratio: 0.70

Sales & Book Value

• Annual Sales: $88.57 million
• Price / Sales: 4.90
• Cash Flow: $1.46 per share
• Price / Cash Flow: 8.20
• Book Value: $19.10 per share
• Price / Book: 0.63

Miscellaneous

• Outstanding Shares: 36,185,000
• Free Float: 33,580,000
• Market Cap: $433.86 million
• Optionable: Optionable
• Beta: 1.08