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Gladstone Land Corporation (LAND)

Stock Price: $16.50 USD 0.56 (3.51%)
Updated Aug 7, 2020 4:00 PM EDT - Market closed
After-hours: $16.46 -0.04 (-0.24%) Aug 7, 5:01 PM

Stock Price Chart

Key Info

Market Cap 352.22M
Revenue (ttm) 52.42M
Net Income (ttm) 4.71M
Shares Out 21.35M
EPS (ttm) -0.12
PE Ratio n/a
Forward PE n/a
Dividend $0.54
Dividend Yield 3.27%

Stock Quote

Trading Day Aug 7, 2020
Last Price $16.50
Previous Close $15.94
Change ($) 0.56
Change (%) 3.51%
Day's Open 15.91
Day's Range 15.90 - 16.76
Day's Volume 205,047
52-Week Range 9.61 - 16.76

More Stats

Market Cap 352.22M
Enterprise Value 819.08M
Earnings Date (est) Nov 10, 2020
Ex-Dividend Date Jul 23, 2020
Shares Outstanding 21.35M
Float 19.61M
EPS (basic) -0.12
EPS (diluted) -0.12
FCF / Share -10.13
Dividend $0.54
Dividend Yield 3.27%
Earnings Yield n/a
FCF Yield n/a
Payout Ratio n/a
Shares Short 592,569
Short Ratio 2.62
Short % of Float 2.74%
Beta 0.77
PE Ratio n/a
Forward PE n/a
P/FCF Ratio n/a
PS Ratio 6.72
PB Ratio 1.14
Revenue 52.42M
Operating Income 25.34M
Net Income 4.71M
Free Cash Flow -216.96M
Net Cash -466.86M
Net Cash / Share -21.87
Gross Margin 66.00%
Operating Margin 48.35%
Profit Margin -4.60%
FCF Margin -413.90%
ROA 2.14%
ROE 1.77%
ROIC 1.90%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (6)

Buy 5
Overweight 0
Hold 1
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$15.75*
(-4.55% downside)
Low
14.0
Current: $16.50
High
17.5
Target: 15.75
*Average 12-month price target from 6 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue40.6936.6925.1217.3211.907.184.043.392.962.42
Revenue Growth10.92%46.04%45.07%45.51%65.64%77.93%19.1%14.39%22.58%-
Gross Profit33.7531.8121.0714.999.765.673.683.012.642.27
Operating Income19.3112.1111.387.064.571.601.361.901.281.56
Net Income1.742.63-0.030.450.57-0.13-1.220.600.010.56
Shares Outstanding19.6015.5012.0610.018.646.856.212.752.752.75
Earnings Per Share-0.130.15-0.040.07-0.02-0.200.22-0.20
EPS Growth----42.86%------
Dividend Per Share0.540.530.520.500.470.361.49---
Dividend Growth0.56%1.53%5.86%6.45%29.17%-75.84%----
Operating Cash Flow21.3710.416.528.404.743.54-0.461.141.900.67
Capital Expenditures-262-94.04-133-94.23-77.68-71.25-38.68-7.50-13.07-0.05
Free Cash Flow-241-83.63-127-85.83-72.94-67.70-39.14-6.36-11.170.62
Cash & Equivalents13.6914.732.942.442.532.7516.270.872.000.00
Total Debt48233630120714286.4243.1530.8224.13-
Net Cash / Debt-468-321-298-205-139-83.67-26.88-29.94-22.130.00
Assets81756546233422915293.6740.9932.77-
Liabilities53838434424615191.7345.1632.8525.23-
Book Value27717611076.6978.0159.9748.518.147.54-
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Gladstone Land Corporation
Country United States
CEO David J. Gladstone

Stock Information

Ticker Symbol LAND
Stock Exchange NASDAQ
Sector Real Estate
Industry REIT—Industrial
Unique Identifier NASDAQ: LAND
IPO Date January 29, 2013

Description

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 113 farms, comprised of approximately 88,000 acres in 10 different states, valued at approximately $892 million. Gladstone Land's farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, apples, figs, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 10 to 20-plus years and harvested annually. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. The Company pays monthly distributions to its stockholders and has paid 87 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 18 times over the prior 21 quarters, and the current per-share distribution on its common stock is 0.0447 per month, or 0.5364 per year.