Gladstone Land (NASDAQ:LAND) reported quarterly earnings of ($0.05) per share, missing analyst estimates by $0.37, despite revenue of $41.45 million exceeding expectations. The real estate investment trust declared a monthly dividend of $0.0467, representing an annualized yield of approximately 4.9% with a dividend payout ratio of -254.55%. The company’s stock traded at $11.51 and analysts currently have a “Hold” rating with an average price target of $10.00.
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Gladstone Land (NASDAQ:LAND) Posts Earnings Results, Misses Estimates By $0.37 EPS
Gladstone Land (NASDAQ:LAND) reported quarterly earnings of ($0.05) per share, missing analyst estimates by $0.37, despite revenue of $41.45 million exceeding expectations. The real estate investment trust declared a monthly dividend of $0.0467, representing an annualized yield of approximately 4.9% with a dividend payout ratio of -254.55%. The company’s stock traded at $11.51 and analysts currently have a “Hold” rating with an average price target of $10.00.