Headlines about Gladstone Land (NASDAQ:LAND) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Gladstone Land earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.5884131365692 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several brokerages have recently weighed in on LAND. Ladenburg Thalmann Financial Services reiterated a “buy” rating and issued a $14.00 price target (up from $13.00) on shares of Gladstone Land in a research report on Monday, September 18th. They noted that the move was a valuation call. Hilliard Lyons cut Gladstone Land from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research cut Gladstone Land from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st.
Gladstone Land (LAND) opened at $13.47 on Tuesday. Gladstone Land has a 52-week low of $10.35 and a 52-week high of $14.29. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $177.39, a PE ratio of 24.32 and a beta of 0.99.
The firm also recently announced a monthly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were given a dividend of $0.0441 per share. This represents a $0.53 annualized dividend and a yield of 3.93%. The ex-dividend date was Friday, November 17th. Gladstone Land’s payout ratio is 2,650.00%.
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About Gladstone Land
Gladstone Land Corporation is an agricultural real estate investment trust (REIT). The Company is engaged in the business of owning and leasing farmland. The Company also owns various farm-related facilities, such as cooling facilities, buildings utilized for the storage and assembly of boxes for shipping produce (box barns), packinghouses, processing facilities and various storage facilities.
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