Farmland Partners Inc. (NYSE:FPI - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.82 and traded as low as $9.74. Farmland Partners shares last traded at $9.7650, with a volume of 290,362 shares.
Analyst Upgrades and Downgrades
FPI has been the topic of several analyst reports. Weiss Ratings downgraded Farmland Partners from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, July 29th. Zacks Research downgraded shares of Farmland Partners from a "strong-buy" rating to a "hold" rating in a report on Monday, May 11th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold".
View Our Latest Stock Report on Farmland Partners
Farmland Partners Price Performance
The stock has a market cap of $426.05 million, a price-to-earnings ratio of 19.15 and a beta of 0.67. The stock's 50 day simple moving average is $9.73 and its two-hundred day simple moving average is $10.82.
Farmland Partners (NYSE:FPI - Get Free Report) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.05. Farmland Partners had a net margin of 49.85% and a return on equity of 5.54%. The business had revenue of $9.40 million for the quarter, compared to analysts' expectations of $5.64 million. Farmland Partners has set its FY 2026 guidance at 0.310-0.350 EPS. As a group, analysts predict that Farmland Partners Inc. will post 0.26 earnings per share for the current year.
Farmland Partners Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, October 1st. Farmland Partners's payout ratio is presently 70.59%.
Hedge Funds Weigh In On Farmland Partners
Hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Farmland Partners in the 2nd quarter valued at $40,290,000. Vanguard Group Inc. grew its holdings in shares of Farmland Partners by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,145,903 shares of the financial services provider's stock worth $45,107,000 after purchasing an additional 56,326 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of Farmland Partners in the 2nd quarter worth about $9,101,000. JPMorgan Chase & Co. grew its holdings in shares of Farmland Partners by 73.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 509,394 shares of the financial services provider's stock worth $5,542,000 after purchasing an additional 216,544 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Farmland Partners by 181.0% during the 4th quarter. Marshall Wace LLP now owns 443,151 shares of the financial services provider's stock worth $4,294,000 after purchasing an additional 285,440 shares in the last quarter. 58.00% of the stock is owned by institutional investors and hedge funds.
About Farmland Partners
(
Get Free Report)
Farmland Partners Inc is a real estate investment trust (REIT) that acquires and manages high-quality farmland in the United States. The company's primary business activity is the ownership of agricultural land, which it leases to farmers under various rental arrangements designed to generate stable cash rents and long-term capital appreciation. By focusing on farmland as a real asset, the company seeks to benefit from rising global demand for food, fiber and renewable fuels.
Founded in 2013 and headquartered in Scottsdale, Arizona, Farmland Partners completed its initial public offering in June 2017 and began trading on the New York Stock Exchange under the ticker FPI.
Further Reading
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