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

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

Farmland Partners Trading Down 6.2%

Shares of NYSE FPI traded down $0.70 during midday trading on Friday, reaching $10.61. The company's stock had a trading volume of 711,523 shares, compared to its average volume of 415,371. Farmland Partners has a fifty-two week low of $9.66 and a fifty-two week high of $12.87. The stock has a 50 day simple moving average of $11.29 and a 200-day simple 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 (NYSE:FPI - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The financial services provider reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The firm had revenue of $6.02 million for 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%. As a group, equities analysts anticipate that Farmland Partners will post 0.13 EPS for the current year.

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 issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, October 1st. This represents a $0.24 dividend on an annualized basis and a yield of 2.26%. Farmland Partners's payout ratio is currently 19.67%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Farmland Partners from a "sell" rating to a "hold" rating in a report on Saturday.

Institutional Trading of Farmland Partners

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