Gladstone Land Corporation (NASDAQ:LAND) is reporting third quarter earnings results on Wednesday 4th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.04 per share.
For the full year, analysts predict revenues of $ 55.89 million, while looking forward to loss of $ 0.13 per share.
Previous Quarter Performance
Gladstone Land Corporation unwinded income for the second quarter of $ 0.10 per share, from the revenue of $ 12.64 million. According to street consensus, revenue of $ 12.69 million was expected for the second quarter The top line results fell short of analysts by $ 0.05 million or 0.39 percent.
Stock Performance
Shares of Gladstone Land Corporation traded up $ 0.23 or 1.64 percent on Tuesday, reaching $ 14.25 with volume of 131.10 thousand shares. Gladstone Land Corporation has traded high as $ 14.38 and has cracked $ 14.09 on the downward trend
According to the previous trading day, closing price of $ 14.25, representing a 45.89 % increase from the 52 week low of $ 9.61 and a 16.35 % decrease over the 52 week high of $ 16.76.
The company has a market capital of $ 316.42 million and is part of the Real Estate sector and REIT – Industrial industry.
Recent Analyst recommendations
- On 17th September 2020, initiated by Berenberg Bank at Buy rating, with $ 18.00 target price.
Gladstone Land is a publicly-traded real estate investment trust that invests in and owns farmland and farm-related properties located in certain major agricultural markets in the U.S., which it leases to unrelated third-party farmer-tenants. The Company reports the current fair value of its farmland on a quarterly basis; as of March 31, 2019, its estimated net asset value was $12.30 per common share. Gladstone Land currently owns 87 farms, comprised of 74,828 acres in 10 different states across the U.S., valued at approximately $649 million.
