Today, the CEO of Gladstone Land (LAND), David Gladstone, bought shares of LAND for $1.2M.
Following this transaction David Gladstone’s holding in the company was increased by 5.22% to a total of $25.15 million. This is Gladstone’s first transaction since reporting a Buy transaction on GOOD back in February 2018
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Based on Gladstone Land’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $8.04 million and GAAP net loss of $1.01 million. In comparison, last year the company earned revenue of $6.8 million and had a GAAP net loss of $189K. LAND’s market cap is $215.4M and the company has a P/E ratio of 86.43. Currently, Gladstone Land has an average volume of 2,762.
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Gladstone Land Corp. is an agricultural real estate investment trust, which engages in the business of owning and leasing farmland. It also includes farm-related facilities, such as cooling facilities, packinghouses, processing facilities, and various storage facilities.
