News stories about Gladstone Land (NASDAQ:LAND) have trended positive on Friday, Accern reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gladstone Land earned a daily sentiment score of 0.26 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.7032486684317 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
Shares of Gladstone Land traded up $0.24, hitting $12.73, on Friday, MarketBeat.com reports. The company had a trading volume of 1,460,410 shares, compared to its average volume of 95,030. The company has a market cap of $196.11 million, a PE ratio of 22.73 and a beta of 0.87. Gladstone Land has a 1 year low of $11.26 and a 1 year high of $14.29. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 2.22.
Gladstone Land (NASDAQ:LAND) last released its earnings results on Tuesday, May 8th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $9.25 million during the quarter. Gladstone Land had a negative net margin of 1.84% and a negative return on equity of 0.44%. research analysts anticipate that Gladstone Land will post 0.59 EPS for the current year.
The firm also recently announced a monthly dividend, which was paid on Thursday, May 31st. Stockholders of record on Tuesday, May 22nd were issued a $0.0443 dividend. This represents a $0.53 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend was Monday, May 21st. Gladstone Land’s dividend payout ratio is presently 94.64%.
Several analysts have recently commented on LAND shares. ValuEngine raised Gladstone Land from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Maxim Group reissued a “buy” rating and issued a $15.00 price objective on shares of Gladstone Land in a research note on Wednesday, May 9th. Finally, Zacks Investment Research raised Gladstone Land from a “sell” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Thursday, June 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $14.67.
Gladstone Land Company Profile
Gladstone Land is a publicly-traded real estate investment trust that invests in farmland and farm-related properties located in major agricultural markets in the U.S., which it leases to farmers, and pays monthly distributions to its stockholders. The Company reports the current fair value of its farmland on a quarterly basis; as of December 31, 2017, the estimated net asset value of the Company was $13.96 per share.
Receive News & Ratings for Gladstone Land Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Land and related companies with MarketBeat.com's FREE daily email newsletter.