$0.13 Earnings Per Share Expected for Gladstone Land Corp (LAND) This Quarter

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Wall Street analysts expect Gladstone Land Corp (NASDAQ:LAND) to post earnings per share (EPS) of $0.13 for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Gladstone Land’s earnings. Gladstone Land reported earnings of $0.14 per share in the same quarter last year, which would indicate a negative year over year growth rate of 7.1%. The business is scheduled to announce its next quarterly earnings report on Tuesday, February 19th.

On average, analysts expect that Gladstone Land will report full year earnings of $0.46 per share for the current fiscal year, with EPS estimates ranging from $0.40 to $0.51. For the next financial year, analysts forecast that the business will post earnings of $0.58 per share, with EPS estimates ranging from $0.56 to $0.59. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Gladstone Land.

A number of equities research analysts have recently issued reports on LAND shares. Zacks Investment Research upgraded Gladstone Land from a “sell” rating to a “hold” rating in a research note on Friday, August 24th. ValuEngine upgraded Gladstone Land from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st.

A number of hedge funds and other institutional investors have recently modified their holdings of LAND. Cahill Financial Advisors Inc. acquired a new stake in Gladstone Land during the 3rd quarter valued at approximately $131,000. Rhumbline Advisers acquired a new stake in Gladstone Land during the 2nd quarter valued at approximately $174,000. Teachers Insurance & Annuity Association of America grew its stake in Gladstone Land by 52.0% during the 2nd quarter. Teachers Insurance & Annuity Association of America now owns 17,897 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 6,122 shares in the last quarter. Strs Ohio grew its stake in Gladstone Land by 47.8% during the 2nd quarter. Strs Ohio now owns 22,299 shares of the real estate investment trust’s stock valued at $282,000 after purchasing an additional 7,216 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Gladstone Land during the 2nd quarter valued at approximately $315,000. Hedge funds and other institutional investors own 33.15% of the company’s stock.

LAND stock opened at $13.41 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 2.15. Gladstone Land has a 1 year low of $11.36 and a 1 year high of $13.95. The stock has a market capitalization of $213.26 million, a PE ratio of 25.13 and a beta of 0.99.

The firm also recently disclosed a dividend, which will be paid on Monday, December 31st. Shareholders of record on Thursday, December 20th will be paid a dividend of $0.044 per share. The ex-dividend date of this dividend is Wednesday, December 19th. Gladstone Land’s dividend payout ratio (DPR) is presently 94.64%.

Gladstone Land Company Profile

Gladstone Land is a publicly-traded real estate investment trust that invests in farmland and farm-related properties located in major agricultural markets in the U.S., which it leases to unrelated third-party farmers. The Company reports the current fair value of its farmland on a quarterly basis; as of June 30, 2018, the estimated net asset value of the Company was $13.51 per share.

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