Key Points
- Director John Good bought 3,000 shares on December 15 at an average price of $10.20, increasing his stake by 24.79% to 15,100 shares (about $154,020), as disclosed in an SEC filing.
- Farmland Partners declared a special dividend of $0.20 per share, payable January 7 with record and ex-dividend dates on December 23; the payout ratio is about 20%.
- The company reported Q3 EPS of $0.07, beating consensus by $0.01, and issued FY 2025 guidance of 0.320–0.360 EPS.
Farmland Partners Inc. (NYSE:FPI - Get Free Report) Director John Good acquired 3,000 shares of the company's stock in a transaction dated Monday, December 15th. The shares were purchased at an average price of $10.20 per share, for a total transaction of $30,600.00. Following the purchase, the director directly owned 15,100 shares of the company's stock, valued at approximately $154,020. This trade represents a 24.79% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Farmland Partners Trading Up 1.7%
NYSE FPI opened at $10.25 on Wednesday. The stock has a market cap of $441.56 million, a P/E ratio of 8.54 and a beta of 0.76. The company's fifty day simple moving average is $9.98 and its 200-day simple moving average is $10.68. Farmland Partners Inc. has a 52 week low of $9.36 and a 52 week high of $12.87.
Farmland Partners (NYSE:FPI - Get Free Report) last released its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. Farmland Partners had a net margin of 130.10% and a return on equity of 14.37%. The firm had revenue of $11.25 million for the quarter, compared to the consensus estimate of $10.59 million. Farmland Partners has set its FY 2025 guidance at 0.320-0.360 EPS. On average, research analysts expect that Farmland Partners Inc. will post 0.13 EPS for the current fiscal year.
Farmland Partners Dividend Announcement
The firm also recently announced a special dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 23rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. Farmland Partners's payout ratio is presently 20.00%.
Institutional Investors Weigh In On Farmland Partners
A number of institutional investors have recently modified their holdings of the stock. Nuveen LLC acquired a new stake in shares of Farmland Partners during the 1st quarter valued at approximately $1,158,000. Summit Asset Management LLC acquired a new position in Farmland Partners in the second quarter worth $1,122,000. Hsbc Holdings PLC bought a new stake in Farmland Partners during the first quarter valued at $179,000. State of Wyoming raised its holdings in shares of Farmland Partners by 976.7% during the first quarter. State of Wyoming now owns 48,203 shares of the financial services provider's stock worth $537,000 after purchasing an additional 43,726 shares during the period. Finally, Los Angeles Capital Management LLC raised its holdings in shares of Farmland Partners by 56.4% during the second quarter. Los Angeles Capital Management LLC now owns 222,349 shares of the financial services provider's stock worth $2,559,000 after purchasing an additional 80,200 shares during the period. Institutional investors and hedge funds own 58.00% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on FPI. Weiss Ratings reissued a "hold (c-)" rating on shares of Farmland Partners in a report on Monday. Wall Street Zen downgraded Farmland Partners from a "hold" rating to a "sell" rating in a report on Saturday, September 20th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Farmland Partners has a consensus rating of "Hold".
View Our Latest Research Report on FPI
About Farmland Partners
(
Get Free Report)
Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.
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