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 127 farms, comprised of approximately 94,000 acres in 13 different states, valued at approximately $1.0 billion. 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 93 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 20 times over the prior 23 quarters, and the current per-share distribution on its common stock is $0.0449 per month, or $0.5388 per year.
IPO Year: 1993
Exchange: NASDAQ
Website: gladstonefarms.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/8/2024 | $16.00 → $14.50 | Buy → Neutral | Alliance Global Partners |
| 8/12/2024 | Buy → Hold | Maxim Group | |
| 6/11/2024 | $16.00 | Buy | Alliance Global Partners |
| 12/13/2023 | $16.00 | Neutral | B. Riley Securities |
| 2/22/2023 | $25.00 → $22.00 | Perform → Outperform | Oppenheimer |
| 2/24/2022 | $28.60 → $32.00 | Buy | EF Hutton |
| 10/29/2021 | $24.00 | Perform | Oppenheimer |
| 7/21/2021 | Buy → Neutral | Ladenburg Thalmann |
MCLEAN, VA / ACCESSWIRE / November 15, 2024 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land" or the "Company") announced that Terry Lee Brubaker will be retiring as Chief Operating Officer of the Company effective December 2, 2024. Mr. Brubaker is also retiring as director and executive officer of Gladstone Management Corporation, the Company's investment adviser, and as a member of the board of managers and an executive officer of Gladstone Administration, LLC, the Company's administrator, also effective December 2, 2024. Following Mr. Brubaker's departure, Michael LiCalsi, the Company's General Counsel and Secretary, who also serves as Gladstone Administration's President, Gene
Please note that the limited information that follows in this press release is a summary and is not adequate for making an informed investment decision. MCLEAN, VA / ACCESSWIRE / November 6, 2024 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land" or the "Company") today reported financial results for the third quarter ended September 30, 2024. A description of funds from operations ("FFO"), core FFO ("CFFO"), adjusted FFO ("AFFO"), and net asset value ("NAV"), all non-GAAP (generally accepted accounting principles in the United States) financial measures, appear at the end of this press release. All per-share references are to fully-diluted, weighted-average shares of common stock,
MCLEAN, VA / ACCESSWIRE / November 5, 2024 / Gladstone Land Corporation (NASDAQ:LAND) announces the following event:What:Gladstone Land Corporation's Third Quarter Ended September 30, 2024, Earnings Call & Webcast When:Thursday, November 7, 2024 @ 8:30 a.m. ET Where:https://event.choruscall.com/mediaframe/webcast.html?webcastid=xhRxTltg How:By webcast -- Log on to the web at the address above By phone -- Please call (866) 424-3437 Contact:Gladstone Land Corporation, (703) 287-5893 A conference call replay will be available after the call and will be accessible through November 14, 2024. To hear the replay, please dial (877) 660-6853 and use playback conference number 13748841.If you are una
MCLEAN, VA / ACCESSWIRE / November 5, 2024 / Gladstone Capital Corporation (NASDAQ:LAND) announces the following event:What:Gladstone Capital Corporation's Fourth Fiscal Quarter ended September 30, 2024 Earnings Call & WebcastWhen:Thursday, November 14, 2024 @ 8:30 a.m. Eastern TimeWebsite:https://event.choruscall.com/mediaframe/webcast.html?webcastid=pT6trqFdHow:By webcast -- Log on to the web at the address above By phone -- Please call (866) 424-3437Contact:Gladstone Capital Corporation, (703) 287-5893A conference call replay will be available after the call and will be accessible through November 21, 2024. To hear the replay, please dial (877) 660-6853 and use playback conference number
MCLEAN, VA / ACCESSWIRE / November 1, 2024 / Gladstone Securities LLC, an affiliated broker-dealer of The Gladstone Companies that acts as dealer manager on alternative investment offerings for certain affiliated Gladstone funds, including Gladstone Capital Corporation (NASDAQ:GLAD), Gladstone Land Corporation (NASDAQ:LAND) and Gladstone Commercial Corporation (NASDAQ:GOOD), has hired Stephanie Conkright as a Director of National Accounts, primarily covering the Independent Broker Dealer channel. Stephanie will join Sean Boyd (Director of National Accounts) as he transitions to primarily developing and covering the RIA channel.Ms. Conkright, based in Irvine, California, has over 17 years of
MCLEAN, VA / ACCESSWIRE / October 28, 2024 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land" or the "Company") announced limited damage to its farms and facilities in the Southeastern U.S. as a result of Hurricanes Helene and Milton. While the Company is still assessing the overall impact of the hurricanes, early reports indicate wind damage to a portion of blueberry plantings on a small farm in southern Georgia and water damage to one cooling facility in central Florida, which is covered by insurance. Strawberry farms in central Florida were impacted in varying degrees; however, most operations have already recovered with regard to planting, though timing may be slightly delayed.
MCLEAN, VA / ACCESSWIRE / October 8, 2024 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land" or the "Company") announced today that its board of directors declared the following cash distributions for each of October, November and December 2024.Monthly Cash Distributions:Common Stock: $0.0467 per share of common stock for each of October, November and December 2024, payable per the table below:Summary of Common Stock Cash DistributionsRecord DatePayment DateAmountOctober 22October 31$ 0.0467November 20November 290.0467December 20December 310.0467Total for the Quarter:$ 0.1401The Company has paid 140 consecutive monthly cash distributions on its common stock since its initial public
MCLEAN, VA / ACCESSWIRE / October 7, 2024 / Gladstone Securities LLC ("Company"), an affiliated broker-dealer of The Gladstone Companies, that acts as dealer manager on alternative investment offerings for certain affiliated Gladstone funds, including Gladstone Capital Corporation (NASDAQ:GLAD), Gladstone Land Corporation (NASDAQ:LAND) and Gladstone Commercial Corporation (NASDAQ:GOOD), has hired Bryan Bluth as its External Wholesaler for the Western United States and Tim McCabe as its External Wholesaler for the Eastern United States, both reporting to John Sabey, the Company's Director of National Sales.Mr. Bluth, based in Arizona, joins the Company as the Western Region External Wholesale
MCLEAN, VA / ACCESSWIRE / September 23, 2024 / Gladstone Land Corporation (NASDAQ:LAND) (the "Company") announced that Executive Vice President (West Coast Operations), Bill Reiman, continues to lead the Company's strategic review and assessment of its permanent cropland portfolio. Mr. Reiman has been a member of the Company's acquisition and portfolio management team since 2013 and is a fifth-generation farmer, most recently serving as Chairman of the California Strawberry Commission and the Ventura County Agricultural Association.As the Company has noted in recent press releases and earnings calls, prices of certain permanent crops have experienced a downturn over the last 12-18 months, in
MCLEAN, VA / ACCESSWIRE / August 22, 2024 / Gladstone Land Corporation (NASDAQ:LAND) (the "Company") announced that Katharine Cornell Gorka has been elected to the 2027 class of Directors for the Company, effective August 22, 2024. Ms. Gorka, 64, is the President of Threat Knowledge Group, which provides training and expertise on threats to U.S. national security, and also serves as the chair of the Fairfax County Republican Party. Ms. Gorka previously served as a Senior Policy Advisor in the Office of Policy at the U.S. Department of Homeland Security from 2017 until 2020. In 2020, Ms. Gorka served as Press Secretary for U.S. Customs and Border Protection, and from 2020 to 2022 she served a
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Alliance Global Partners downgraded Gladstone Land from Buy to Neutral and set a new price target of $14.50 from $16.00 previously
Maxim Group downgraded Gladstone Land from Buy to Hold
Alliance Global Partners initiated coverage of Gladstone Land with a rating of Buy and set a new price target of $16.00
B. Riley Securities resumed coverage of Gladstone Land with a rating of Neutral and set a new price target of $16.00
Oppenheimer upgraded Gladstone Land from Perform to Outperform and set a new price target of $22.00 from $25.00 previously
EF Hutton reiterated coverage of Gladstone Land with a rating of Buy and set a new price target of $32.00 from $28.60 previously
Oppenheimer initiated coverage of Gladstone Land with a rating of Perform and set a new price target of $24.00
Ladenburg Thalmann downgraded Gladstone Land from Buy to Neutral
Berenberg downgraded Gladstone Land from Buy to Hold and set a new price target of $25.00 from $21.00 previously
B. Riley reiterated coverage of Gladstone Land with a rating of Buy and set a new price target of $21.00 from $17.50 previously
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MCLEAN, VA / ACCESSWIRE / November 5, 2024 / Gladstone Land Corporation (NASDAQ:LAND) announces the following event:What:Gladstone Land Corporation's Third Quarter Ended September 30, 2024, Earnings Call & Webcast When:Thursday, November 7, 2024 @ 8:30 a.m. ET Where:https://event.choruscall.com/mediaframe/webcast.html?webcastid=xhRxTltg How:By webcast -- Log on to the web at the address above By phone -- Please call (866) 424-3437 Contact:Gladstone Land Corporation, (703) 287-5893 A conference call replay will be available after the call and will be accessible through November 14, 2024. To hear the replay, please dial (877) 660-6853 and use playback conference number 13748841.If you are una
MCLEAN, VA / ACCESSWIRE / November 5, 2024 / Gladstone Capital Corporation (NASDAQ:LAND) announces the following event:What:Gladstone Capital Corporation's Fourth Fiscal Quarter ended September 30, 2024 Earnings Call & WebcastWhen:Thursday, November 14, 2024 @ 8:30 a.m. Eastern TimeWebsite:https://event.choruscall.com/mediaframe/webcast.html?webcastid=pT6trqFdHow:By webcast -- Log on to the web at the address above By phone -- Please call (866) 424-3437Contact:Gladstone Capital Corporation, (703) 287-5893A conference call replay will be available after the call and will be accessible through November 21, 2024. To hear the replay, please dial (877) 660-6853 and use playback conference number
MCLEAN, VA / ACCESSWIRE / September 23, 2024 / Gladstone Land Corporation (NASDAQ:LAND) (the "Company") announced that Executive Vice President (West Coast Operations), Bill Reiman, continues to lead the Company's strategic review and assessment of its permanent cropland portfolio. Mr. Reiman has been a member of the Company's acquisition and portfolio management team since 2013 and is a fifth-generation farmer, most recently serving as Chairman of the California Strawberry Commission and the Ventura County Agricultural Association.As the Company has noted in recent press releases and earnings calls, prices of certain permanent crops have experienced a downturn over the last 12-18 months, in
MCLEAN, VA / ACCESSWIRE / August 22, 2024 / Gladstone Land Corporation (NASDAQ:LAND) (the "Company") announced that Katharine Cornell Gorka has been elected to the 2027 class of Directors for the Company, effective August 22, 2024. Ms. Gorka, 64, is the President of Threat Knowledge Group, which provides training and expertise on threats to U.S. national security, and also serves as the chair of the Fairfax County Republican Party. Ms. Gorka previously served as a Senior Policy Advisor in the Office of Policy at the U.S. Department of Homeland Security from 2017 until 2020. In 2020, Ms. Gorka served as Press Secretary for U.S. Customs and Border Protection, and from 2020 to 2022 she served a
MCLEAN, VA / ACCESSWIRE / August 7, 2024 / Gladstone Land Corporation (NASDAQ:LAND) announces the following event:What:Gladstone Land Corporation's Second Quarter Ended June 30, 2024, Earnings Call & Webcast When:Friday, August 9, 2024 @ 8:30 a.m. ET Where:https://event.choruscall.com/mediaframe/webcast.html?webcastid=5E4WrIfa How:By webcast -- Log on to the web at the address above By phone -- Please call (866) 424-3437 Contact:Gladstone Land Corporation, (703) 287-5893 A conference call replay will be available after the call and will be accessible through August 16, 2024. To hear the replay, please dial (877) 660-6853 and use playback conference number 13746758.If you are unable to parti
MCLEAN, VA / ACCESSWIRE / July 25, 2024 / Updating the Series E Preferred Stock Record Dates and Payment Dates.Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land" or the "Company") announced today corrected record and payment dates for the cash distributions for its Series E Preferred Stock for each of July, August and September 2024.Series E Preferred Stock (Unlisted): $0.104167 per share of Series E Preferred Stock for each of July, August and September 2024, payable per the table below:Summary of Series E Preferred Stock Cash DistributionsRecord DatePayment Date Amount July 25August 5 $0.104167 August 26September 5 0.104167 September 25October 4 0.104167 Total for the Quarter: $
MCLEAN, VA / ACCESSWIRE / May 7, 2024 / Gladstone Land Corporation (NASDAQ:LAND) announces the following event:What:Gladstone Land Corporation's First Quarter Ended March 31, 2024, Earnings Call & Webcast When:Wednesday, May 8, 2024 @ 8:30 a.m. ET Where:https://event.choruscall.com/mediaframe/webcast.html?webcastid=JGZhP6qO How:By webcast -- Log on to the web at the address above By phone -- Please call (866) 424-3437 Contact:Gladstone Land Corporation, (703) 287-5893 A conference call replay will be available after the call and will be accessible through May 15, 2024. To hear the replay, please dial (877) 660-6853 and use playback conference number 13744830.If you are unable to participate
MCLEAN, VA / ACCESSWIRE / May 6, 2024 / Gladstone Land Corporation (NASDAQ:LAND) announces the following event:What:Gladstone Land Corporation's First Quarter Ended March 31, 2024, Earnings Call & Webcast When:Wednesday, May 8, 2024 @ 8:30 a.m. ET Where:https://event.choruscall.com/mediaframe/webcast.html?webcastid=JGZhP6qO How:By webcast -- Log on to the web at the address above By phone -- Please call (877) 424-3437 Contact:Gladstone Land Corporation, (703) 287-5893 A conference call replay will be available after the call and will be accessible through May 15, 2024. To hear the replay, please dial (877) 660-6853 and use playback conference number 13744830.If you are unable to participate
MCLEAN, VA / ACCESSWIRE / February 19, 2024 / Gladstone Land Corporation (NASDAQ:LAND) announces the following event:What:Gladstone Land Corporation's Fourth Quarter Ended December 31, 2023, Earnings Call & Webcast When:Wednesday, February 21, 2024 @ 8:30 a.m. ET Where:https://event.choruscall.com/mediaframe/webcast.html?webcastid=4c60907F How:By webcast -- Log on to the web at the address above By phone -- Please call (877) 407-9046 Contact:Gladstone Land Corporation, (703) 287-5893 A conference call replay will be available after the call and will be accessible through February 28, 2024. To hear the replay, please dial (877) 660-6853 and use playback conference number 13742739.If you are
MCLEAN, VA / ACCESSWIRE / November 6, 2023 / Gladstone Land Corporation (NASDAQ:LAND) announces the following event:What: Gladstone Land Corporation's Third Quarter Ended September 30, 2023, Earnings Call & Webcast When: Wednesday, November 8, 2023 @ 8:30 a.m. ET Where: https://event.choruscall.com/mediaframe/webcast.html?webcastid=nPvzj4yn How: By webcast -- Log on to the web at the address above By phone -- Please call (877) 407-9046 Contact: Gladstone Land Corporation, (703) 287-5893 A conference call replay will be available after the call and will be accessible through November 15, 2023. To hear the replay, please dial (877) 660-6853 and use playback conference number 13740894.If you
Mortgage rates are on a steady decline as investors have cemented expectations for upcoming reductions in the federal funds rate, yet mortgage demand continues to depict challenges among homebuyers. The Mortgage Bankers Association has reported Wednesday that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) dropped by 5 basis points to 6.62% for the week ending July 19, 2024. This marks the lowest borrowing cost for home purchases since early February 2024. Despite the decline in mortgage rates, long-term Treasury yields remained stable last week. The 30-year Treasury yield has held steady between 4.20% and 4.25%
Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land" or the "Company") announced today that its board of directors declared the following cash distributions for each of July, August and September 2024.Monthly Cash Distributions:Common Stock: $0.0467 per share of common stock for each of July, August and September 2024, payable per the table below:Summary of Common Stock Cash DistributionsRecord DatePayment DateAmountJuly 22July 31$ 0.0467August 21August 300.0467September 20September 300.0467Total for the Quarter:$ 0.1401
Alliance Global Partners analyst Gaurav Mehta initiates coverage on Gladstone Land (NASDAQ:LAND) with a Buy rating and announces Price Target of $16.
Oppenheimer analyst Mitchel Penn maintains Gladstone Land (NASDAQ:LAND) with a Outperform and lowers the price target from $20 to $16.
Maxim Group analyst Michael Diana maintains Gladstone Land (NASDAQ:LAND) with a Buy and lowers the price target from $19 to $16.
Gladstone Land (NASDAQ:LAND) reported quarterly earnings of $0.14 per share which missed the analyst consensus estimate of $0.15 by 6.67 percent. This is a 17.65 percent decrease over earnings of $0.17 per share from the same period last year. The company reported quarterly sales of $20.252 million which missed the analyst consensus estimate of $22.307 million by 9.21 percent. This is a 4.48 percent decrease over sales of $21.202 million the same period last year.
EF Hutton analyst Michael Albanese reiterates Gladstone Land (NASDAQ:LAND) with a Buy and maintains $20 price target.
Gladstone Land (NASDAQ:LAND) reported quarterly earnings of $0.15 per share which missed the analyst consensus estimate of $0.19 by 21.05 percent. This is a 28.57 percent decrease over earnings of $0.21 per share from the same period last year. The company reported quarterly sales of $24.45 million which beat the analyst consensus estimate of $24.22 million by 0.98 percent. This is a 1.37 percent decrease over sales of $24.79 million the same period last year.
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Friday marks the last chance for investors to receive the next dividend payout from Gladstone Land (NASDAQ:LAND). What's Happening The company announced on Tuesday that it would pay shareholders a monthly dividend of 4.65 cents per share. On Monday, Gladstone Land will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 4.65 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own LAND as of the end of Friday's session are eligible to receive the 4.65 cents dividend