Gladstone Land (LANDO) Projected to Post Earnings on Monday

Gladstone Land (NASDAQ:LANDO) is projected to post its results after the market closes on Monday, May 11th. Analysts expect Gladstone Land to post earnings of ($0.2225) per share and revenue of $14.2020 million for the quarter.

Gladstone Land Trading Up 1.1%

Shares of NASDAQ:LANDO traded up $0.24 during midday trading on Monday, hitting $21.33. The company’s stock had a trading volume of 3,481 shares, compared to its average volume of 15,065. The stock’s 50 day simple moving average is $20.32 and its 200 day simple moving average is $19.74. Gladstone Land has a fifty-two week low of $18.50 and a fifty-two week high of $21.50.

Gladstone Land Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be given a $0.125 dividend. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Gladstone Land Company Profile

Gladstone Land (NASDAQ:LAND) is a real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland across the United States. The company purchases agricultural properties and leases them to farmers under long-term, triple-net lease agreements. By focusing exclusively on high-quality farmland, Gladstone Land aims to provide investors with steady income and potential for long-term capital appreciation, while supporting the operational needs of farming businesses.

The company’s portfolio includes a diversified mix of row crop and permanent crop farmland, spanning key agricultural regions in states such as California, Washington, Florida, Pennsylvania and North Carolina.