Farmland Partners (NYSE:FPI) Upgraded at Wall Street Zen

Key Points

• Farmland Partners (NYSE:FPI) received an upgrade from "sell" to "hold" by Wall Street Zen.
• The company's stock is currently trading down by 6.2% and reported a Q2 EPS of $0.03, missing estimates.
• Despite the downgrade, 58% of the stock is owned by institutional investors and hedge funds, indicating continued interest from larger players.

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

Farmland Partners Trading Down 6.2%

FPI opened at $10.61 on Friday. The firm has a market cap of $476.45 million, a price-to-earnings ratio of 8.70 and a beta of 0.83. Farmland Partners has a 12 month low of $9.66 and a 12 month high of $12.87. The stock has a fifty day moving average price of $11.29 and a 200-day moving average price of $11.10.

Farmland Partners (NYSE:FPI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $6.02 million during 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, equities research analysts forecast that Farmland Partners will post 0.13 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Arbor Capital Management Inc. ADV increased its position in Farmland Partners by 3.2% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 34,382 shares of the financial services provider's stock valued at $382,000 after buying an additional 1,063 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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. Gamco Investors INC. ET AL grew its stake in Farmland Partners by 3.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 41,390 shares of the financial services provider's stock valued at $487,000 after purchasing an additional 1,200 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Farmland Partners by 3.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 37,865 shares of the financial services provider's stock valued at $422,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Annex Advisory Services LLC grew its stake in Farmland Partners by 1.5% during the 1st quarter. Annex Advisory Services LLC now owns 102,483 shares of the financial services provider's stock valued at $1,143,000 after purchasing an additional 1,550 shares during the last quarter. 58.00% of the stock is owned by institutional investors and hedge funds.

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.

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