Gladstone Land (LANDP) 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: $20.75 to $21.42
• 50-Day Range: $20.89 to $22.27
• 52-Week Range: $18.25 to $22.63
• Volume: 48,744 shs
• Average Volume: 21,587 shs
• Market Capitalization: N/A
• P/E Ratio: N/A
• Dividend Yield: 7.01%
• Price Target: N/A
• Consensus Rating: N/A

LANDP Stock Analysis - Frequently Asked Questions

How have LANDP shares performed this year?

Gladstone Land's stock was trading at $19.00 at the beginning of the year. Since then, LANDP shares have increased by 12.6% and is now trading at $21.39.
View the best growth stocks for 2024 here.

Who are Gladstone Land's major shareholders?

Gladstone Land's top institutional shareholders include Moloney Securities Asset Management LLC.

How do I buy shares of Gladstone Land?

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.
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Company Calendar

• Ex-Dividend for 11/29 Dividend: 11/20/2024
• Dividend Payable: 11/29/2024
• Ex-Dividend for 12/31 Dividend: 12/20/2024
• Today: 12/21/2024
• Dividend Payable: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Real Estate
• Industry: REIT - Specialty
• Sub-Industry: Trading
• Current Symbol: NASDAQ:LANDP
• CUSIP: N/A
• CIK: 1495240
• Web: www.gladstonefarms.com
• Phone: (703) 287-5800
• Fax: N/A
• Employees: 70
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $88.57 million
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: N/A