Gladstone Land (LAND) Set to Announce Earnings on Wednesday

Gladstone Land (NASDAQ:LAND - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Gladstone Land Stock Performance

NASDAQ:LAND traded up $0.06 on Wednesday, reaching $13.34. 135,703 shares of the company's stock were exchanged, compared to its average volume of 179,543. The stock has a fifty day simple moving average of $13.71 and a 200-day simple moving average of $13.63. Gladstone Land has a 52 week low of $12.31 and a 52 week high of $15.36. The company has a debt-to-equity ratio of 0.78, a current ratio of 4.43 and a quick ratio of 4.43. The firm has a market cap of $478.08 million, a price-to-earnings ratio of 222.33, a P/E/G ratio of 4.28 and a beta of 1.07.

Gladstone Land Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a $0.0467 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.56 dividend on an annualized basis and a yield of 4.20%. Gladstone Land's dividend payout ratio is 933.33%.

Wall Street Analyst Weigh In

Separately, Maxim Group lowered Gladstone Land from a "buy" rating to a "hold" rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $16.00.

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.