Farmland Partners (NYSE:FPI) Releases Earnings Results, Misses Estimates By $0.01 EPS

Farmland Partners (NYSE:FPI - Get Free Report) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01), Zacks reports. The firm had revenue of $6.02 million during the quarter, compared to analyst estimates of $9.50 million. Farmland Partners had a return on equity of 13.98% and a net margin of 127.59%. Farmland Partners updated its FY 2025 guidance to 0.280-0.340 EPS.

Farmland Partners Price Performance

FPI traded down $0.70 during trading hours on Friday, hitting $10.61. 711,523 shares of the stock were exchanged, compared to its average volume of 400,346. The stock has a 50-day simple moving average of $11.29 and a 200-day simple moving average of $11.11. Farmland Partners has a 12 month low of $9.66 and a 12 month high of $12.87. The stock has a market cap of $487.91 million, a price-to-earnings ratio of 8.70 and a beta of 0.83.

Farmland Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Wednesday, October 1st. Farmland Partners's dividend payout ratio (DPR) is presently 23.53%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Farmland Partners from a "hold" rating to a "sell" rating in a report on Saturday, July 5th.

Hedge Funds Weigh In On Farmland Partners

Large investors have recently added to or reduced their stakes in the company. Strs Ohio bought a new position in Farmland Partners during the first quarter worth $96,000. Dynamic Technology Lab Private Ltd bought a new position in Farmland Partners during the first quarter worth $174,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Farmland Partners by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,322 shares of the financial services provider's stock worth $293,000 after purchasing an additional 1,092 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Farmland Partners during the first quarter valued at $1,404,000. 58.00% of the stock is currently owned by institutional investors.

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.