Farmland Partners (NYSE:FPI) Share Price Crosses Above 50 Day Moving Average - Should You Sell?

Farmland Partners Inc. (NYSE:FPI - Get Free Report)'s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.15 and traded as high as $10.86. Farmland Partners shares last traded at $10.7850, with a volume of 697,723 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Farmland Partners from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold".

Farmland Partners Price Performance

The company has a market capitalization of $470.55 million, a P/E ratio of 21.15 and a beta of 0.68. The company has a 50 day moving average of $10.15 and a 200-day moving average of $10.51.

Farmland Partners (NYSE:FPI - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.05. Farmland Partners had a return on equity of 5.54% and a net margin of 49.85%.The business had revenue of $9.40 million during the quarter, compared to analyst estimates of $5.64 million. Farmland Partners has set its FY 2026 guidance at 0.310-0.350 EPS. Research analysts predict that Farmland Partners Inc. will post 0.23 EPS for the current fiscal year.

Farmland Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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 dividend yield of 3.3%. The ex-dividend date is Thursday, October 1st. Farmland Partners's dividend payout ratio is currently 70.59%.

Institutional Trading of Farmland Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Farmland Partners during the 2nd quarter valued at $40,290,000. Deutsche Bank AG purchased a new stake in shares of Farmland Partners in the 2nd quarter worth about $9,101,000. Man Group plc bought a new stake in shares of Farmland Partners during the 2nd quarter valued at about $2,756,000. Bank of New York Mellon Corp bought a new stake in shares of Farmland Partners during the 2nd quarter valued at about $2,663,000. Finally, BCGM Wealth Management LLC increased its position in shares of Farmland Partners by 5.7% during the first quarter. BCGM Wealth Management LLC now owns 269,371 shares of the financial services provider's stock valued at $3,025,000 after buying an additional 14,453 shares during the period. Hedge funds and other institutional investors own 58.00% of the company's stock.

Farmland Partners Company Profile

Farmland Partners Inc NYSE: FPI is a real estate investment trust that owns and leases agricultural land in the United States. The company generates rental income by leasing its properties to farmers and agricultural operators under a variety of lease arrangements.

Its portfolio consists primarily of farmland used to grow crops such as corn, soybeans, wheat, cotton, rice and specialty crops. Farmland Partners' properties are located across multiple major U.S. agricultural regions, including the Midwest, Great Plains, South and West.

Founded in 2013 and headquartered in Denver, Colorado, the company became a publicly traded REIT in 2014.

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