|Bid||0.00 x 1000|
|Ask||0.00 x 800|
|Day's Range||12.77 - 13.02|
|52 Week Range||11.12 - 13.31|
|Beta (5Y Monthly)||0.82|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 6, 2019 - Aug 12, 2019|
|Forward Dividend & Yield||0.54 (4.17%)|
|1y Target Est||13.08|
These two real estate investment trusts -- both associated with the Gladstone name -- offer monthly dividends that provide investors a steady source of income, explains Ned Piplovic, editor of DividendInvestor.
Real estate investment trusts (REITs) - a way for investors to gain access to assets such as apartments and office buildings while often collecting generous yields - had a disappointing 2018. With just a few days left to go in the year, the Vanguard REIT ETF (VNQ) had lost 13.5% compared to a 12% decline for the broader market. This contrasts with 10-year average annual gains of just more than 12% for the VNQ.Will REITs bounce back in 2019? Well, the same fear that hampered these real-estate plays in 2018 - rising interest rates - still is on the board for the coming year. And higher rates on bonds sometimes hamper the performance of REITs.However, these companies are not created equal. The best REITs for 2019 could benefit from other powerful trends in 2019. For instance, cloud computing's growth should continue to fuel robust demand for data storage services. A massive infrastructure spending bill could improve the fortunes of related REIT plays. And mobile-data growth, as well as the rollout of lightning-fast 5G technology, offers potential growth for cell-tower REITs.Here are the 13 best REITs to buy and hold in 2019. Not only should they benefit from broad trends that could help them outperform their brethren, but REITs as a whole are trading at much more palatable valuations lately. Moreover, average dividend yields in the space currently exceed 4%; all the more reason for investors to stick with REITs if market rockiness continues in the coming year. SEE ALSO: The 10 Best REITs to Buy for 2020
MCLEAN, Va., Nov. 25, 2019 -- Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the "Company") today announced that it has sold over $100,000,000 (4,224,377.
The company’s financial position continued to strengthen during the third quarter, despite these difficulties, and Landsvirkjun received good news in November when Moody’s upgraded the company’s credit rating to reflect these improvements.
Moody’s Investors Service (“Moody’s”) has today upgraded the credit ratings for Landsvirkjun. The credit rating for debt without the state guarantee of collection is upgraded to Baa1 from Baa2 and the credit rating for debt supported by the state guarantee of collection is upgraded to A3 from Baa1. According to Moody’s, the upgrade to Landsvirkjun’s unguaranteed credit rating reflects the continued improvement in the company’s credit profile, including ongoing reduction in debt and decreased exposure to market risk.
Gladstone (LAND) delivered FFO and revenue surprises of 41.00% and 19.40%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Please note that the limited information that follows in this press release is a summary and is not adequate for making an informed investment judgment. MCLEAN, Va., Nov..
MCLEAN, Va., Nov. 05, 2019 -- Gladstone Land Corporation (NASDAQ: LAND) announces the following event: What:Gladstone Land Corporation’s Third Quarter Ended September 30, 2019,.
Gladstone Land Corporation (LAND) (“Gladstone Land” or the “Company”) announced that it has acquired approximately 1,100 gross acres of farmland in Coalinga, California, for $37 million. “This completes our $70 million purchase of nearly 2,000 acres of pistachios trees that are just reaching prime production and represents a great example of our ability to do larger and more complex acquisitions,” said Bill Reiman, Managing Director of Gladstone Land. “We have now acquired more than $250 million worth of farmland so far in 2019,” said David Gladstone, President and CEO of Gladstone Land.
Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the “Company”) announced that it has renewed leases on two of its larger properties that had leases originally scheduled to expire in 2020. In total, the revenues from these properties accounted for approximately 47% of the Company’s remaining 2020 lease expirations. As a result of these two lease renewals, the Company expects to recognize an aggregate of approximately $496,000 of additional net income per year, or approximately 14.7% more than that of the prior leases on these two properties. The Company continues to negotiate its remaining 2020 lease expirations.
Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the “Fund”) reflects on recent reports of China’s plan to buy more grains and clarifies certain aspects of its external fee structure. The president of the United States announced on Friday that China has agreed to buy “$40 to $50 billion worth of agricultural products” from U.S. farmers. This new agreement is expected to include provisions for certain grains, such as soybeans, corn, and wheat, in addition to other agricultural products.
MCLEAN, Va., Oct. 08, 2019 -- Gladstone Land Corporation (NASDAQ: LAND) (“Gladstone Land” or the “Company”) announced today that its board of directors declared the following.
Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the “Company”) announced that it has acquired approximately 3,850 acres of farmland located in Hayes and Hitchcock Counties, Nebraska, for approximately $14.7 million. The farms currently grow corn, soybeans, and edible beans, and both farms will be converted into organic farmland by 2021. In connection with the acquisitions, Gladstone Land entered into 10-year, triple-net lease agreements on each farm.
The big shareholder groups in Gladstone Land Corporation (NASDAQ:LAND) have power over the company. Institutions often...
Gladstone Land Corporation (LAND) (the "Company") today announced that it has sold over 55% (3,309,633 shares) of its continuous registered public offering of 6,000,000 shares of its 6.00% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock") since filing a prospectus supplement on May 31, 2018. The Company’s first sale of Series B Preferred Stock occurred on June 25, 2018. Since we rolled out this preferred offering in May of 2018, we’ve issued over $80 million in Series B Preferred Stock and have used the proceeds to grow our farmland portfolio to approximately 82,000 acres worth about $821 million.
CEO of Gladstone Land Corp (30-Year Financial, Insider Trades) David Gladstone (insider trades) bought 210,000 shares of LAND on 09/10/2019 at an average price of $11.87 a share. Continue reading...
Gladstone Land Corporation (LAND) (“Gladstone Land” or the “Company”) announces no damage to its farms and farm facilities in Florida in the wake of Hurricane Dorian. “We have spoken to our tenant-partners across the state who reported no crop losses or property damage,” said Bill Frisbie, Managing Director of Gladstone Land. “Farmers who rent our farms know that we stand behind our farms and are ready to help where needed, but we are thankful that there was no significant damage sustained as a result of this storm,” said David Gladstone, President and CEO of Gladstone Land.
Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the “Company”) announced that it has acquired a 366-acre vineyard in Napa, California, for $32 million. In connection with the acquisition, Gladstone Land entered into a leaseback agreement with the seller for a 10-year, triple-net lease.
Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the “Company”) announced that it has acquired approximately 413 gross acres of farmland within the Oxnard Plain of California. At closing, the Company entered into lease agreements with two different, unrelated third-party tenants to operate the property. The seller will lease back most of the farm to continue their sod business, while the remainder of the farm will be leased to a local berry grower to grow a variety of berry crops.
Gladstone Land Corporation (LAND) (“Gladstone Land” or the “Company”) announced that it has acquired approximately 1,000 gross acres of farmland in Coalinga, California, for $33 million. In connection with the acquisition, the Company also entered into an eight-year, triple-net lease with RTS Agri Business and Canoas Creek Pistachios. “We are excited to be adding another large pistachio orchard in the San Joaquin Valley,” said Bill Reiman, Managing Director of Gladstone Land.
Strong cash generation and a historically high equity ratio Key figures from the interim financial statements Profit before unrealized financial items amounted to USD.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...