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 127 farms, comprised of approximately 94,000 acres in 13 different states, valued at approximately $1.0 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, figs, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 10 to 20-plus years and harvested annually. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. The Company pays monthly distributions to its stockholders and has paid 93 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 20 times over the prior 23 quarters, and the current per-share distribution on its common stock is $0.0449 per month, or $0.5388 per year.
IPO Year: 2013
Exchange: NASDAQ
Website: gladstonefarms.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/8/2024 | $16.00 → $14.50 | Buy → Neutral | Alliance Global Partners |
| 8/12/2024 | Buy → Hold | Maxim Group | |
| 6/11/2024 | $16.00 | Buy | Alliance Global Partners |
| 12/13/2023 | $16.00 | Neutral | B. Riley Securities |
| 2/22/2023 | $25.00 → $22.00 | Perform → Outperform | Oppenheimer |
| 2/24/2022 | $28.60 → $32.00 | Buy | EF Hutton |
| 10/29/2021 | $24.00 | Perform | Oppenheimer |
| 7/21/2021 | Buy → Neutral | Ladenburg Thalmann |
4 - GLADSTONE LAND Corp (0001495240) (Issuer)
3 - GLADSTONE LAND Corp (0001495240) (Issuer)
4 - GLADSTONE LAND Corp (0001495240) (Issuer)
3 - GLADSTONE LAND Corp (0001495240) (Issuer)
8-K - GLADSTONE LAND Corp (0001495240) (Filer)
10-Q - GLADSTONE LAND Corp (0001495240) (Filer)
8-K - GLADSTONE LAND Corp (0001495240) (Filer)
DEFA14A - GLADSTONE LAND Corp (0001495240) (Filer)
DEF 14A - GLADSTONE LAND Corp (0001495240) (Filer)
8-K - GLADSTONE LAND Corp (0001495240) (Filer)
10-K - GLADSTONE LAND Corp (0001495240) (Filer)
8-K - GLADSTONE LAND Corp (0001495240) (Filer)
8-K - GLADSTONE LAND Corp (0001495240) (Filer)
8-K - GLADSTONE LAND Corp (0001495240) (Filer)
Alliance Global Partners downgraded Gladstone Land from Buy to Neutral and set a new price target of $14.50 from $16.00 previously
Maxim Group downgraded Gladstone Land from Buy to Hold
Alliance Global Partners initiated coverage of Gladstone Land with a rating of Buy and set a new price target of $16.00
B. Riley Securities resumed coverage of Gladstone Land with a rating of Neutral and set a new price target of $16.00
Oppenheimer upgraded Gladstone Land from Perform to Outperform and set a new price target of $22.00 from $25.00 previously
EF Hutton reiterated coverage of Gladstone Land with a rating of Buy and set a new price target of $32.00 from $28.60 previously
Oppenheimer initiated coverage of Gladstone Land with a rating of Perform and set a new price target of $24.00
Ladenburg Thalmann downgraded Gladstone Land from Buy to Neutral
Berenberg downgraded Gladstone Land from Buy to Hold and set a new price target of $25.00 from $21.00 previously
B. Riley reiterated coverage of Gladstone Land with a rating of Buy and set a new price target of $21.00 from $17.50 previously