The Treasurer of Gladstone Land (NASDAQ: LAND) is Buying SharesBy Carrie Williams
Following this transaction Jay Beckhorn’s holding in the company was increased by 100%. This is Beckhorn’s first transaction since reporting a Buy transaction on GOOD back in March 2015
Based on Gladstone Land’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $4.91 million and quarterly net profit of $73.99K. In comparison, last year the company earned revenue of $3.39 million and had a net profit of $367.9K. LAND’s market cap is $110.3M and the company has a P/E ratio of 255.79. The company has a one year high of $12.89 and a one year low of $9.16.
Four different firms, including Janney Montgomery and JMP Securities, currently also have a Buy rating on the stock.
The insider sentiment on Gladstone Land has been positive according to 10 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Gladstone Land Corp. is a real estate investment trust. It engages in purchasing farms and farm-related properties and leasing them to farmers. The company acquires farmland, which it rents to corporate and independent farmers on a triple-net lease basis, an arrangement under which the farmer maintains the property while paying rent. Gladstone Land was founded by David Gladstone on June 14, 1997 and is headquartered in McLean, VA.