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.
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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