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Gladstone Land (LAND)
NASDAQ:LAND
Holding LAND?
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LAND Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$12.31 - $15.36
Previous Close$13.54
Volume140.08K
Average Volume (3M)163.22K
Market Cap
$485.25M
Enterprise Value$984.89M
Total Cash (Recent Filing)$49.76M
Total Debt (Recent Filing)$549.39M
Price to Earnings (P/E)―
Beta1.13
Next Earnings
Nov 06, 2024EPS Estimate
-$0.1Next Dividend Ex-Date
Dec 20, 2024Dividend Yield4.09%
Share Statistics
EPS (TTM)-0.18
Shares Outstanding35,838,442
10 Day Avg. Volume167,251
30 Day Avg. Volume163,217
Standard Deviation0.10
R-Squared0.30
Alpha-0.00296
Financial Highlights & Ratios
Price to Book (P/B)0.69
Price to Sales (P/S)5.46
Price to Cash Flow (P/CF)7.70
P/FCF Ratio8.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.30
Enterprise Value/Gross Profit11.43
Enterprise Value/Ebitda12.26
Forecast
1Y Price Target
$15.00Price Target Upside11.11% Upside
Rating ConsensusHold
Number of Analyst Covering4
Gladstone Land News
PremiumCompany Announcements
Gladstone Land Welcomes Katharine Gorka to Board of Directors
Bulls Say, Bears Say
Bulls Say
EarningsLAND reported 2Q24 results with core funds from operations of $0.14 per share, beating consensus expectations and covering dividends.
Liquidity PositionLAND is in a positive liquidity position with $200 million available, enhancing flexibility for future investments and operations.
Strategic InvestmentsThe company will stick to their strategy of investing in high-quality fruits and vegetable farmland with access to water, ensuring sustainable growth.
Bears Say
Financial PerformanceBook value is down 5.9% and core funds from operations are unlikely to cover the dividend, suggesting limited upside potential.
Operational ChallengesNineteen farms are underperforming, with thirteen vacant or self-operated and six on non-accrual with cash-based revenue recognition.
Revenue DeclineNineteen farms, including those in California, Michigan, and Washington, contributed to a year-over-year net operating income decrease of approximately $452K.
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Ownership Overview
7.01%
Insiders
13.57% Mutual Funds
0.39% Other Institutional Investors
65.25% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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LAND FAQ
What was Gladstone Land’s price range in the past 12 months?
Gladstone Land lowest stock price was $12.31 and its highest was $15.36 in the past 12 months.
What is Gladstone Land’s market cap?
Currently, no data Available
When is Gladstone Land’s upcoming earnings report date?
Gladstone Land’s upcoming earnings report date is Nov 06, 2024 which is in 18 days.
How were Gladstone Land’s earnings last quarter?
Gladstone Land released its earnings results on Aug 08, 2024. The company reported -$0.186 earnings per share for the quarter, missing the consensus estimate of -$0.12 by -$0.066.
Is Gladstone Land overvalued?
According to Wall Street analysts Gladstone Land’s price is currently Undervalued.
Does Gladstone Land pay dividends?
Gladstone Land pays a Monthly dividend of $0.05 which represents an annual dividend yield of 4.09%. See more information on Gladstone Land dividends here
What is Gladstone Land’s EPS estimate?
Gladstone Land’s EPS estimate is -$0.1.
How many shares outstanding does Gladstone Land have?
Gladstone Land has 35,838,444 shares outstanding.
What happened to Gladstone Land’s price movement after its last earnings report?
Gladstone Land reported an EPS of -$0.186 in its last earnings report, missing expectations of -$0.12. Following the earnings report the stock price went down -1.297%.
Which hedge fund is a major shareholder of Gladstone Land?
Among the largest hedge funds holding Gladstone Land’s share is EntryPoint Capital, LLC. It holds Gladstone Land’s shares valued at 27K.
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Gladstone Land Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$15.00 (11.11% Upside)
$15.00 (11.11% Upside)
Blogger Sentiment
Bullish
LAND Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 8.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.2%
Last 30 Days ▼ 2.8%
Last 30 Days ▼ 2.8%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-0.75%
12-Months-Change
Fundamentals
Return on Equity
2.45%
Trailing 12-Months
Asset Growth
-5.33%
Trailing 12-Months
Company Description
Gladstone Land
Gladstone Land Corp. is an agricultural real estate investment trust, which engages in the business of owning and leasing farmland. It also includes farm-related facilities, such as cooling facilities, packinghouses, processing facilities, and various storage facilities. The company was founded by David Gladstone on June 14, 1997 and is headquartered in McLean, VA.
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LAND Earnings Call
Q2 2024
0:00 / 0:00
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LAND Stock 12 Month Forecast
Average Price Target
$15.00
▲(11.11% Upside)
Technical Analysis
Best Analysts Covering LAND
1 Year
1 Year Success Rate
3/4 ratings generated profit
1 Year Average Return
-3.85%
reiterated a buy rating 2 months ago
Copying Mitchel Penn's trades and holding each position for 1 Year would result in 75.00% of your transactions generating a profit, with an average return of -3.85% per trade.
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