Farmland Partners (NYSE:FPI) Issues FY 2025 Earnings Guidance

Farmland Partners (NYSE:FPI - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.280-0.340 for the period, compared to the consensus estimate of 0.317. The company issued revenue guidance of -.

Farmland Partners Stock Down 6.2%

Farmland Partners stock traded down $0.70 during mid-day trading on Friday, reaching $10.61. The company had a trading volume of 711,523 shares, compared to its average volume of 400,346. Farmland Partners has a 52 week low of $9.66 and a 52 week high of $12.87. The company has a 50 day moving average of $11.29 and a 200-day moving average of $11.11. The firm has a market cap of $487.91 million, a price-to-earnings ratio of 8.70 and a beta of 0.83.

Farmland Partners (NYSE:FPI - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The business had revenue of $6.02 million for the quarter, compared to the consensus estimate of $9.50 million. Farmland Partners had a return on equity of 13.98% and a net margin of 127.59%. On average, analysts predict that Farmland Partners will post 0.13 earnings per share for the current fiscal year.

Farmland Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Wednesday, October 1st. Farmland Partners's payout ratio is 23.53%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Farmland Partners

A number of hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in Farmland Partners in the 1st quarter valued at about $1,404,000. Dynamic Technology Lab Private Ltd acquired a new stake in Farmland Partners in the 1st quarter valued at about $174,000. Strs Ohio acquired a new stake in Farmland Partners in the 1st quarter valued at about $96,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 valued at $293,000 after acquiring an additional 1,092 shares in the last quarter. Institutional investors and hedge funds own 58.00% of the company's stock.

About Farmland Partners

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.