Farmland Partners (NYSE:FPI) Stock Breaks Above 50 Day Moving Average - Here's What Happened

Key Points

• Farmland Partners shares moved above their 50-day moving average, reaching $10.58 and last trading near $10.55, compared with a 50-day average of $10.48.
• Analysts maintain a consensus “Hold” rating after recent upgrades, while the company’s latest quarterly results exceeded expectations with $0.07 EPS versus $0.02 expected and revenue of $9.40 million.
• Farmland Partners declared a quarterly dividend of $0.09 per share, equivalent to $0.36 annually and a 3.4% yield; institutional investors own approximately 58% of the stock.

Farmland Partners Inc. (NYSE:FPI - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $10.48 and traded as high as $10.58. Farmland Partners shares last traded at $10.5520, with a volume of 472,716 shares trading hands.

Wall Street Analysts Forecast Growth

FPI has been the subject of several recent analyst reports. Wall Street Zen upgraded Farmland Partners from a "sell" rating to a "hold" rating in a research report on Saturday, October 3rd. Weiss Ratings raised Farmland Partners from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Four equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, Farmland Partners has a consensus rating of "Hold".

Farmland Partners Price Performance

The business's 50 day moving average is $10.48 and its two-hundred day moving average is $10.43. The firm has a market capitalization of $460.38 million, a PE ratio of 20.69 and a beta of 0.68.

Farmland Partners (NYSE:FPI - Get Free Report) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 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. Analysts expect that Farmland Partners Inc. will post 0.23 EPS for the current fiscal year.

Farmland Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders 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 3.4%. The ex-dividend date of this dividend is Thursday, October 1st. Farmland Partners's payout ratio is currently 70.59%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cherry Tree Wealth Management LLC purchased a new position in shares of Farmland Partners during the 2nd quarter valued at about $199,000. Integrated Wealth Concepts LLC bought a new stake in Farmland Partners in the 2nd quarter worth approximately $53,000. Legacy Wealth Managment LLC ID bought a new stake in Farmland Partners in the 2nd quarter worth approximately $128,000. Comprehensive Money Management Services LLC bought a new stake in Farmland Partners in the 2nd quarter worth approximately $356,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Farmland Partners in the second quarter worth approximately $446,000. 58.00% of the stock is currently owned by hedge funds and other institutional investors.

About Farmland Partners

Farmland Partners Inc NYSE: FPI is a publicly traded real estate investment trust that owns and manages farmland in the United States. The company generates revenue primarily by leasing its properties to farmers and agricultural operators under a range of lease arrangements.

Its portfolio includes farms used to produce a variety of crops, including row crops such as corn, soybeans, wheat and cotton, as well as specialty crops in select markets. Farmland Partners seeks to acquire, manage and lease agricultural properties while working with tenants to support the productive use of the land.

Founded in 2013 and headquartered in Denver, Colorado, the company has built a geographically diversified portfolio across multiple U.S.

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