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NASDAQ:LANDP

Gladstone Land (LANDP) Stock Price, News & Analysis

Gladstone Land logo
$22.15 +0.16 (+0.73%)
(As of 11/22/2024 ET)

About Gladstone Land Stock (NASDAQ:LANDP)

Key Stats

Today's Range
$21.57
$22.15
50-Day Range
$20.89
$22.49
52-Week Range
$18.25
$22.63
Volume
38,258 shs
Average Volume
20,579 shs
Market Capitalization
N/A
P/E Ratio
N/A
Dividend Yield
6.77%
Price Target
N/A
Consensus Rating
N/A

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.

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LANDP Stock News Headlines

Trump Wins… But Elon Says Get Ready to Brace
Trump's back in the White House, ready to hit the gas on America's comeback. He's taking on the economy with a heavy hand—building up infrastructure, slapping tariffs on imports, and going all-in on U.S. jobs. But here's the kicker: while Trump's focused on making America stronger, the Washington elite is ready to fight back…
See More Headlines

LANDP Stock Analysis - Frequently Asked Questions

Gladstone Land's stock was trading at $19.00 at the start of the year. Since then, LANDP shares have increased by 16.6% and is now trading at $22.15.
View the best growth stocks for 2024 here
.

Top institutional investors of Gladstone Land include Moloney Securities Asset Management LLC.

Shares of LANDP 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.

Company Calendar

Ex-Dividend for 11/29 Dividend
11/20/2024
Today
11/22/2024
Dividend Payable
11/29/2024
Ex-Dividend for 12/31 Dividend
12/20/2024
Dividend Payable
12/31/2024

Industry, Sector and Symbol

Industry
REIT—Specialty
Sub-Industry
Trading
Current Symbol
NASDAQ:LANDP
Fax
N/A
Employees
70
Year Founded
N/A

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$88.57 million

Miscellaneous

Free Float
N/A
Optionable
Not Optionable
Beta
N/A
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This page (NASDAQ:LANDP) was last updated on 11/23/2024 by MarketBeat.com Staff
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