Farmland Partners' (FPI) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• Farmland Partners' stock maintains a "hold (c)" rating according to Weiss Ratings, while a recent report from Wall Street Zen downgraded it to a "sell" rating.
• Farmland Partners reported earnings of $0.03 per share, missing estimates by $0.01, and had revenue of $6.02 million, significantly lower than the expected $9.50 million.
• Institutional investors own 58% of Farmland Partners, with notable recent acquisitions and significant increases in holdings by firms like Tower Research Capital and GAMMA Investing.

Farmland Partners (NYSE:FPI - Get Free Report)'s stock had its "hold (c)" rating restated by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut Farmland Partners from a "hold" rating to a "sell" rating in a report on Saturday, September 20th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Farmland Partners Trading Up 0.1%

NYSE:FPI opened at $10.48 on Wednesday. The stock has a market cap of $470.66 million, a P/E ratio of 8.59 and a beta of 0.89. The stock has a 50 day simple moving average of $10.82 and a 200 day simple moving average of $10.83. Farmland Partners has a 1-year low of $9.66 and a 1-year high of $12.87.

Farmland Partners (NYSE:FPI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $6.02 million during the quarter, compared to analyst estimates of $9.50 million. Farmland Partners had a net margin of 127.59% and a return on equity of 14.18%. Farmland Partners has set its FY 2025 guidance at 0.280-0.340 EPS. As a group, sell-side analysts forecast that Farmland Partners will post 0.13 EPS for the current year.

Hedge Funds Weigh In On Farmland Partners

Institutional investors have recently modified their holdings of the business. Ameritas Advisory Services LLC acquired a new position in shares of Farmland Partners during the 2nd quarter worth $28,000. Gables Capital Management Inc. acquired a new position in shares of Farmland Partners during the 2nd quarter worth $40,000. Tower Research Capital LLC TRC raised its holdings in shares of Farmland Partners by 218.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the financial services provider's stock worth $48,000 after buying an additional 2,886 shares in the last quarter. Strs Ohio acquired a new position in shares of Farmland Partners during the 1st quarter worth $96,000. Finally, GAMMA Investing LLC grew its position in Farmland Partners by 2,102.9% during the 1st quarter. GAMMA Investing LLC now owns 9,076 shares of the financial services provider's stock worth $101,000 after acquiring an additional 8,664 shares during the last quarter. Institutional investors and hedge funds own 58.00% of the company's stock.

Farmland Partners Company Profile

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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