Farmland Partners (NYSE:FPI) Posts Earnings Results, Misses Expectations By $0.01 EPS

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

Farmland Partners Price Performance

FPI traded down $0.70 during midday trading on Friday, reaching $10.61. 711,523 shares of the company's stock traded hands, compared to its average volume of 415,371. The firm has a fifty day moving average of $11.29 and a two-hundred day moving average of $11.10. The stock has a market capitalization of $476.48 million, a price-to-earnings ratio of 8.70 and a beta of 0.83. Farmland Partners has a 52 week low of $9.66 and a 52 week high of $12.87.

Farmland Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Wednesday, October 1st. Farmland Partners's payout ratio is 19.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FPI. Strs Ohio bought a new stake in Farmland Partners during the 1st quarter valued at approximately $96,000. Dynamic Technology Lab Private Ltd bought a new stake in Farmland Partners during the 1st quarter valued at approximately $174,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Farmland Partners by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,322 shares of the financial services provider's stock valued at $293,000 after acquiring an additional 1,092 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Farmland Partners during the 1st quarter valued at approximately $1,404,000. Institutional investors own 58.00% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Farmland Partners from a "sell" rating to a "hold" rating in a research note on Saturday.

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.