Farmland Partners (NYSE:FPI) Cut to Sell at Wall Street Zen

Key Points

• Farmland Partners has been downgraded from a "hold" to a "sell" rating by investment analysts at Wall Street Zen.
• The company reported an EPS of $0.03 for the last quarter, missing analysts' estimates and forecasting a FY 2025 EPS between $0.280-$0.340.
• Significant investor activity occurred, with several hedge funds increasing their positions, raising institutional ownership of the stock to 58.00%.

Farmland Partners (NYSE:FPI - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

Farmland Partners Stock Performance

Shares of FPI traded up $0.10 on Friday, hitting $10.99. 11,875 shares of the stock traded hands, compared to its average volume of 389,480. Farmland Partners has a one year low of $9.66 and a one year high of $12.87. The business has a 50 day simple moving average of $10.90 and a 200 day simple moving average of $10.85. The company has a market capitalization of $493.34 million, a PE ratio of 9.00 and a beta of 0.89.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FPI. Cetera Investment Advisers lifted its stake in shares of Farmland Partners by 9.8% during the 4th quarter. Cetera Investment Advisers now owns 29,217 shares of the financial services provider's stock valued at $344,000 after buying an additional 2,603 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Farmland Partners by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,230 shares of the financial services provider's stock valued at $297,000 after buying an additional 1,064 shares in the last quarter. Millennium Management LLC bought a new stake in Farmland Partners in the 4th quarter valued at $635,000. ProShare Advisors LLC bought a new stake in Farmland Partners in the 4th quarter valued at $146,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Farmland Partners by 9.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 110,722 shares of the financial services provider's stock valued at $1,302,000 after acquiring an additional 9,792 shares during the last quarter. Hedge funds and other institutional investors 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.