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Parker Anthony W, a director at Gladstone Land Corp (NASDAQ:LAND), recently sold 6,601 shares of the company’s common stock. The transaction, which took place on March 13, 2025, was executed at a price of $11.02 per share, amounting to a total value of $72,743. Following this sale, Parker Anthony W no longer holds any shares in the company. This transaction was disclosed in a filing with the Securities and Exchange Commission.
In other recent news, Gladstone Land Corporation reported mixed financial results for the fourth quarter of 2024. The company posted an earnings per share (EPS) of -$0.151, falling short of the forecasted -$0.114. However, revenue slightly exceeded expectations, coming in at $21.1 million compared to the anticipated $20.94 million. Despite the revenue beat, the company’s adjusted funds from operations (FFO) decreased year-over-year, indicating operational challenges. Gladstone Land also successfully sold several farms at a premium, highlighting effective asset management. Analysts have noted the company’s cautious stance on new investments due to high capital costs and the complex market environment. The company plans to maintain its monthly dividend at $0.0467 per share, with $50 million in cash reserves. Looking forward, Gladstone Land aims to reassess lease structures after the 2025 harvest, hoping for interest rate reductions to alleviate financial pressures.
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