Gladstone Land Corporation Announces Monthly Dividend of $0.05 (NASDAQ:LAND)

Gladstone Land Corporation (NASDAQ:LAND) declared a monthly dividend on Tuesday, July 14th. Investors of record on Monday, September 21st will be given a dividend of 0.0467 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date is Monday, September 21st.

Gladstone Land has decreased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 2 years. Gladstone Land has a payout ratio of -114.3% meaning 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 0.7%

NASDAQ:LAND opened at $8.66 on Wednesday. The stock’s fifty day moving average price is $9.07 and its two-hundred day moving average price is $9.99. Gladstone Land has a 52-week low of $8.40 and a 52-week high of $13.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market cap of $373.59 million, a price-to-earnings ratio of -14.20 and a beta of 1.06.

Gladstone Land (NASDAQ:LAND) last announced its quarterly earnings data on Monday, May 11th. The real estate investment trust reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). The firm had revenue of $16.55 million during the quarter, compared to the consensus estimate of $14.20 million. Gladstone Land had a negative net margin of 6.68% and a negative return on equity of 0.87%. On average, analysts anticipate that Gladstone Land will post 0.45 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LAND. Western Wealth Management LLC bought a new stake in Gladstone Land in the first quarter valued at about $25,000. Optiver Holding B.V. boosted its holdings in Gladstone Land by 345.2% during the first quarter. Optiver Holding B.V. now owns 2,493 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 1,933 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Gladstone Land by 40.1% during the third quarter. Parallel Advisors LLC now owns 4,840 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 1,386 shares during the last quarter. Strs Ohio bought a new position in Gladstone Land during the first quarter worth about $63,000. Finally, Russell Investments Group Ltd. grew its position in shares of Gladstone Land by 164.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,051 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 3,761 shares during the period. Institutional investors and hedge funds own 53.60% of the company’s stock.

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.