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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$11.65 - $15.36
Previous Close$11.97
Volume265.73K
Average Volume (3M)186.26K
Market Cap
$433.13M
Enterprise Value$950.60M
Total Cash (Recent Filing)$13.21M
Total Debt (Recent Filing)$530.68M
Price to Earnings (P/E)―
Beta1.05
Next Earnings
Feb 25, 2025EPS Estimate
-$0.09Next Dividend Ex-Date
Dec 20, 2024Dividend Yield4.71%
Share Statistics
EPS (TTM)-0.26
Shares Outstanding36,184,658
10 Day Avg. Volume324,038
30 Day Avg. Volume186,257
Standard Deviation0.10
R-Squared0.31
Alpha-0.00370
Financial Highlights & Ratios
Price to Book (P/B)0.63
Price to Sales (P/S)4.90
Price to Cash Flow (P/CF)-78.40
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue10.74
Enterprise Value/Gross Profit11.03
Enterprise Value/Ebitda14.72
Forecast
1Y Price Target
$14.88Price Target Upside25.57% Upside
Rating ConsensusHold
Number of Analyst Covering5
Gladstone Land News
PremiumCompany Announcements
Gladstone Land Announces COO Retirement and Leadership Changes
PremiumCompany Announcements
Gladstone Land Reports Mixed Q3 Earnings Amid Challenges
PremiumCompany Announcements
Gladstone Land Welcomes Katharine Gorka to Board of DirectorsBulls Say, Bears Say
Bulls Say
Earnings PerformanceLAND reported 2Q24 results with core funds from operations (CFFO, our core FFO) of $0.14/sh beating consensus of $0.12/sh and covering the 2Q24 dividend of $0.1398 and 3Q24 dividend of $0.1401.
Lease AgreementsThe company executed 21 amended or new lease agreements during the quarter, with some expected to generate an aggregate increase in NOI of approximately $309K, or 11%, over that of the prior leases.
Liquidity PositionLAND is in a positive liquidity position with $125 million consisting of over $13 million in cash and $110.2 million available under the two Metlife Term Loans and the line of credit.
Bears Say
Earnings ForecastLower 4Q24 and 2025 core FFO estimates, with revenues expected to be lower due to a shift from base rent to participation rent.
Financial PerformanceBook value is down 11.5% in 3Q24, and estimated core FFO is unlikely to cover the dividend.
Revenue Impact21 underperforming farms have impacted revenue, and though some are expected to be resolved or sold, soft prices have negatively affected pistachio and almond farms.
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Ownership Overview
7.01%
Insiders
13.51% Mutual Funds
6.90% Other Institutional Investors
58.79% 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 $11.65 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 Feb 25, 2025 which is in 96 days.
How were Gladstone Land’s earnings last quarter?
Gladstone Land released its earnings results on Nov 06, 2024. The company reported -$0.161 earnings per share for the quarter, missing the consensus estimate of -$0.102 by -$0.059.
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 4.71%. See more information on Gladstone Land dividends here
What is Gladstone Land’s EPS estimate?
Gladstone Land’s EPS estimate is -$0.09.
How many shares outstanding does Gladstone Land have?
Gladstone Land has 36,184,658 shares outstanding.
What happened to Gladstone Land’s price movement after its last earnings report?
Gladstone Land reported an EPS of -$0.161 in its last earnings report, missing expectations of -$0.102. Following the earnings report the stock price went up 0.515%.
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 28K.
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Gladstone Land Stock Smart Score
Unlock Smart Score
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10
Analyst Consensus
Hold
Average Price Target:
$14.88 (25.57% Upside)
$14.88 (25.57% Upside)
Blogger Sentiment
Bullish
LAND Sentiment 100%
Sector Average 67%
Sector Average 67%
Crowd Wisdom
Negative
Last 7 Days ▼ 0.6%
Last 30 Days ▼ 1.2%
Last 30 Days ▼ 1.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-13.74%
12-Months-Change
Fundamentals
Return on Equity
2.05%
Trailing 12-Months
Asset Growth
-6.27%
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
Q3 2024
0:00 / 0:00
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LAND Stock 12 Month Forecast
Average Price Target
$14.88
▲(25.57% Upside)
Technical Analysis
Best Analysts Covering LAND
1 Year
1 Year Success Rate
0/5 ratings generated profit
1 Year Average Return
-8.32%
reiterated a buy rating 9 days ago
Copying Mitchel Penn's trades and holding each position for 1 Year would result in 0.00% of your transactions generating a profit, with an average return of -8.32% per trade.
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