Gladstone Land Corporation (NASDAQ:LAND) Shareholders to Get $0.05 Monthly Dividend

Gladstone Land Corporation (NASDAQ:LAND) announced a monthly dividend on Tuesday, October 13th. Shareholders of record on Monday, December 21st will be given a dividend of $0.0467 per share by the real estate investment trust on Thursday, December 31st. This represents a $0.56 annualized dividend and a yield of 5.8%. The ex-dividend date is Monday, December 21st.

Gladstone Land has a payout ratio of -114.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Gladstone Land to earn $0.45 per share next year, which means the company may not be able to cover its $0.56 annual dividend with an expected future payout ratio of 124.4%.

Gladstone Land Stock Up 0.5%

Shares of LAND opened at $9.67 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.29 and a current ratio of 1.29. The company has a 50-day simple moving average of $9.17 and a 200-day simple moving average of $9.25. Gladstone Land has a 52 week low of $7.92 and a 52 week high of $13.00. The firm has a market capitalization of $417.16 million, a P/E ratio of -17.58 and a beta of 1.10.

Gladstone Land (NASDAQ:LAND) last released its earnings results on Tuesday, August 11th. The real estate investment trust reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.06). Gladstone Land had a negative return on equity of 0.96% and a negative net margin of 7.31%. The firm had revenue of $12.69 million for the quarter, compared to analyst estimates of $12.28 million. On average, equities research analysts expect that Gladstone Land will post 0.48 earnings per share for the current year.

Institutional Investors Weigh In On Gladstone Land

Several institutional investors and hedge funds have recently bought and sold shares of LAND. GAMMA Investing LLC raised its stake in shares of Gladstone Land by 494.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,511 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 2,920 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Gladstone Land by 37.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,146 shares of the real estate investment trust’s stock worth $96,000 after acquiring an additional 2,738 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Gladstone Land during the 2nd quarter worth about $33,000. NewEdge Advisors LLC boosted its position in shares of Gladstone Land by 7.7% during the 2nd quarter. NewEdge Advisors LLC now owns 336,738 shares of the real estate investment trust’s stock valued at $2,872,000 after acquiring an additional 24,029 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of Gladstone Land by 18.8% during the 2nd quarter. Squarepoint Ops LLC now owns 35,230 shares of the real estate investment trust’s stock valued at $301,000 after acquiring an additional 5,581 shares in the last quarter. Institutional investors own 53.60% of the company’s stock.

About Gladstone Land

Gladstone Land Corporation (NASDAQ: LAND) is a real estate investment trust that owns and leases farmland in the United States. The company focuses on agricultural properties that produce a range of crops, including fruits, vegetables, and other specialty crops, as well as certain row crops.

Gladstone Land generally leases its properties to farmers and agricultural operators under long-term agreements, often structured as triple-net leases. These arrangements typically make tenants responsible for property-level operating costs, while Gladstone Land remains focused on owning and managing the underlying farmland.

Founded in 1997, the company has built a portfolio of farms across major U.S.