Gladstone Land (NASDAQ:LAND – Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Gladstone Land to post earnings of $0.13 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Gladstone Land Price Performance
Gladstone Land stock opened at $13.26 on Tuesday. The firm has a market capitalization of $475.21 million, a P/E ratio of -73.67, a PEG ratio of 4.20 and a beta of 1.08. The business has a 50-day moving average of $13.69 and a 200-day moving average of $13.66. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 0.78. Gladstone Land has a 1 year low of $12.31 and a 1 year high of $15.36.
Gladstone Land Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a $0.0467 dividend. This represents a $0.56 annualized dividend and a yield of 4.23%. The ex-dividend date is Friday, December 20th. Gladstone Land’s payout ratio is presently -311.11%.
Analyst Ratings Changes
Read Our Latest Analysis on Gladstone Land
About Gladstone Land
Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion.
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