Gladstone Land Corp (NASDAQ:LAND) announced a monthly dividend on Wednesday, January 10th, Wall Street Journal reports. Shareholders of record on Tuesday, March 20th will be paid a dividend of 0.0443 per share by the real estate investment trust on Friday, March 30th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date is Monday, March 19th.
Shares of Gladstone Land (NASDAQ:LAND) opened at $13.11 on Wednesday. The firm has a market capitalization of $182.18, a price-to-earnings ratio of 23.54 and a beta of 0.87. Gladstone Land has a twelve month low of $10.77 and a twelve month high of $14.29. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 2.55.
In other news, Director Walter H. Wilkinson acquired 4,700 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $12.58 per share, with a total value of $59,126.00. Following the acquisition, the director now directly owns 9,791 shares in the company, valued at approximately $123,170.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 21.87% of the company’s stock.
LAND has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Gladstone Land from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and issued a $15.00 target price (up previously from $14.00) on shares of Gladstone Land in a report on Friday, December 8th. Finally, ValuEngine raised Gladstone Land from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.63.
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Gladstone Land Company Profile
Gladstone Land Corporation is an agricultural real estate investment trust (REIT). The Company is engaged in the business of owning and leasing farmland. The Company also owns various farm-related facilities, such as cooling facilities, buildings utilized for the storage and assembly of boxes for shipping produce (box barns), packinghouses, processing facilities and various storage facilities.
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