Gladstone Land Corporation
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $15.04
- Today's High:
- $15.24
- Open Price:
- $15.05
- 52W Low:
- $14.7771
- 52W High:
- $21.8582
- Prev. Close:
- $15.05
- Volume:
- 88475
Company Statistics
- Market Cap.:
- $542.45 million
- Book Value:
- 20.54
- Revenue TTM:
- $91.31 million
- Operating Margin TTM:
- 38.61%
- Gross Profit TTM:
- $78.04 million
- Profit Margin:
- 13.71%
- Return on Assets TTM:
- 1.55%
- Return on Equity TTM:
- 1.81%
Company Profile
Gladstone Land Corporation had its IPO on 2013-01-29 under the ticker symbol LAND.
The company operates in the Real Estate sector and REIT-Specialty industry. Gladstone Land Corporation has a staff strength of 0 employees.
Stock update
Shares of Gladstone Land Corporation opened at $15.05 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $15.04 - $15.24, and closed at $15.17.
This is a +0.8% increase from the previous day's closing price.
A total volume of 88,475 shares were traded at the close of the day’s session.
In the last one week, shares of Gladstone Land Corporation have slipped by -4.29%.
Gladstone Land Corporation's Key Ratios
Gladstone Land Corporation has a market cap of $542.45 million, indicating a price to book ratio of 0.9549 and a price to sales ratio of 7.5573.
In the last 12-months Gladstone Land Corporation’s revenue was $91.31 million with a gross profit of $78.04 million and an EBITDA of $71.65 million. The EBITDA ratio measures Gladstone Land Corporation's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Gladstone Land Corporation’s operating margin was 38.61% while its return on assets stood at 1.55% with a return of equity of 1.81%.
In Q2, Gladstone Land Corporation’s quarterly earnings growth was a positive 0% while revenue growth was a positive 4.4%.
Gladstone Land Corporation’s PE and PEG Ratio
- Forward PE
- 0
- Trailing PE
- 0
- PEG
- 22.95
Its diluted EPS in the last 12-months stands at $-0.31 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 22.95. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Gladstone Land Corporation’s profitability.
Gladstone Land Corporation stock is trading at a EV to sales ratio of 14.6495 and a EV to EBITDA ratio of 19.5338. Its price to sales ratio in the trailing 12-months stood at 7.5573.
Gladstone Land Corporation stock pays annual dividends of $0.55 per share, indicating a yield of 3.68% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $1.43 billion
- Total Liabilities
- $17.29 million
- Operating Cash Flow
- $6.12 million
- Capital Expenditure
- $2.82 million
- Dividend Payout Ratio
- 0%
Gladstone Land Corporation ended 2024 with $1.43 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.43 billion while shareholder equity stood at $734.93 million.
Gladstone Land Corporation ended 2024 with $0 in deferred long-term liabilities, $17.29 million in other current liabilities, 36000.00 in common stock, $-126799000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $48.21 million and cash and short-term investments were $48.21 million. The company’s total short-term debt was $100,000 while long-term debt stood at $593.66 million.
Gladstone Land Corporation’s total current assets stands at $48.21 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $0 compared to accounts payable of $14.10 million and inventory worth $0.
In 2024, Gladstone Land Corporation's operating cash flow was $6.12 million while its capital expenditure stood at $2.82 million.
Comparatively, Gladstone Land Corporation paid $0 in dividends in 2024.
Other key metrics
- Current Trading Price
- $15.17
- 52-Week High
- $21.8582
- 52-Week Low
- $14.7771
- Analyst Target Price
- $19.42
Gladstone Land Corporation stock is currently trading at $15.17 per share. It touched a 52-week high of $21.8582 and a 52-week low of $21.8582. Analysts tracking the stock have a 12-month average target price of $19.42.
Its 50-day moving average was $16.2 and 200-day moving average was $16.97 The short ratio stood at 7.02 indicating a short percent outstanding of 0%.
Around 716.4% of the company’s stock are held by insiders while 4608.8% are held by institutions.
Frequently Asked Questions About Gladstone Land Corporation
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About
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 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 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, cherries, figs, lemons, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 20-plus years and harvested annually. Approximately 40% of the Company’s fresh produce acreage is either organic or in transition to become organic, and over 10% of its permanent crop acreage falls into this category. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. Gladstone Land pays monthly distributions to its stockholders and has paid 126 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 31 times over the prior 34 quarters, and the current per-share distribution on its common stock is $0.0462 per month, or $0.5544 per year.