Farmland Partners (NYSE:FPI - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday, Wall Street Zen reports.
Separately, Weiss Ratings upgraded Farmland Partners from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold".
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Farmland Partners Stock Performance
Shares of Farmland Partners stock opened at $11.26 on Friday. Farmland Partners has a 52-week low of $9.21 and a 52-week high of $13.23. The stock has a market capitalization of $491.32 million, a price-to-earnings ratio of 22.08 and a beta of 0.68. The company's 50 day moving average price is $10.34 and its 200-day moving average price is $10.46.
Farmland Partners (NYSE:FPI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. Farmland Partners had a net margin of 49.85% and a return on equity of 5.54%. The business had revenue of $9.40 million during the quarter, compared to analysts' expectations of $5.64 million. Farmland Partners has set its FY 2026 guidance at 0.310-0.350 EPS. As a group, equities research analysts forecast that Farmland Partners will post 0.23 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Farmland Partners
Several large investors have recently bought and sold shares of FPI. Resona Asset Management Co. Ltd. raised its stake in Farmland Partners by 8.1% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 18,604 shares of the financial services provider's stock worth $206,000 after acquiring an additional 1,401 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of Farmland Partners by 11.3% during the first quarter. Kestra Advisory Services LLC now owns 14,513 shares of the financial services provider's stock worth $163,000 after purchasing an additional 1,473 shares during the last quarter. Pinnacle Holdings LLC purchased a new position in shares of Farmland Partners during the second quarter worth about $31,000. Legal & General Group Plc acquired a new stake in shares of Farmland Partners during the second quarter worth about $39,000. Finally, Cetera Investment Advisers increased its position in shares of Farmland Partners by 9.8% during the first quarter. Cetera Investment Advisers now owns 48,943 shares of the financial services provider's stock worth $550,000 after purchasing an additional 4,387 shares in the last quarter. Hedge funds and other institutional investors own 58.00% of the company's stock.
About Farmland Partners
(
Get Free Report)
Farmland Partners Inc NYSE: FPI is a real estate investment trust that owns and leases agricultural land in the United States. The company generates rental income by leasing its properties to farmers and agricultural operators under a variety of lease arrangements.
Its portfolio consists primarily of farmland used to grow crops such as corn, soybeans, wheat, cotton, rice and specialty crops. Farmland Partners' properties are located across multiple major U.S. agricultural regions, including the Midwest, Great Plains, South and West.
Founded in 2013 and headquartered in Denver, Colorado, the company became a publicly traded REIT in 2014.
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