Gladstone Land (NASDAQ:LAND) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Gladstone Land (NASDAQ:LAND) posted its earnings results on Monday. The real estate investment trust reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.02), FiscalAI reports. Gladstone Land had a net margin of 15.31% and a return on equity of 2.01%. The firm had revenue of $16.55 million during the quarter, compared to analysts’ expectations of $14.20 million.

Gladstone Land Stock Performance

Gladstone Land stock traded down $0.29 during mid-day trading on Monday, reaching $9.44. 676,606 shares of the company were exchanged, compared to its average volume of 667,915. Gladstone Land has a twelve month low of $8.47 and a twelve month high of $13.00. The firm’s 50-day simple moving average is $10.75 and its two-hundred day simple moving average is $10.03. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $396.10 million, a PE ratio of -78.66 and a beta of 1.07.

Gladstone Land Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be given a dividend of $0.0467 per share. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, June 23rd. Gladstone Land’s dividend payout ratio (DPR) is presently -466.67%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LAND. Weiss Ratings raised Gladstone Land from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Zacks Research downgraded Gladstone Land from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.00.

Institutional Trading of Gladstone Land

A number of hedge funds have recently added to or reduced their stakes in LAND. AQR Capital Management LLC lifted its position in Gladstone Land by 12.1% during the 1st quarter. AQR Capital Management LLC now owns 35,991 shares of the real estate investment trust’s stock worth $379,000 after acquiring an additional 3,889 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Gladstone Land by 5.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 407,183 shares of the real estate investment trust’s stock worth $4,284,000 after buying an additional 22,557 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Gladstone Land by 141.1% during the 1st quarter. Jane Street Group LLC now owns 108,843 shares of the real estate investment trust’s stock worth $1,145,000 after buying an additional 63,702 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Gladstone Land in the 1st quarter valued at approximately $273,000. Finally, Strs Ohio acquired a new stake in shares of Gladstone Land in the 1st quarter valued at approximately $63,000. 53.60% of the stock is owned by institutional investors and hedge funds.

Gladstone Land Company Profile

Gladstone Land Corporation (NASDAQ: LAND) is a publicly traded real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland in the United States. Established in 2013 and headquartered in Wayne, Pennsylvania, the company focuses on purchasing high-quality agricultural properties and leasing them to farmers under long‐term, triple‐net lease agreements. This model provides tenants with operational flexibility while generating stable, recurring rental income for investors.

The company’s portfolio spans several key agricultural regions across the country, including California, the Midwest, and parts of the Southeast.