Wall Street Zen Upgrades Farmland Partners (NYSE:FPI) to "Hold"

Farmland Partners (NYSE:FPI - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Farmland Partners Price Performance

Farmland Partners stock traded down $0.02 during midday trading on Friday, hitting $11.46. 279,276 shares of the company were exchanged, compared to its average volume of 356,531. The company has a market cap of $527.05 million, a PE ratio of 11.46 and a beta of 0.82. Farmland Partners has a fifty-two week low of $9.66 and a fifty-two week high of $12.87. The company's fifty day moving average price is $10.43 and its 200-day moving average price is $11.30.

Farmland Partners (NYSE:FPI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Farmland Partners had a net margin of 102.89% and a return on equity of 11.47%. The firm had revenue of $6.97 million for the quarter, compared to analysts' expectations of $9.49 million. On average, analysts expect that Farmland Partners will post 0.13 EPS for the current fiscal year.

Institutional Trading of Farmland Partners

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC boosted its holdings in Farmland Partners by 16.5% in the fourth quarter. SG Americas Securities LLC now owns 18,704 shares of the financial services provider's stock valued at $220,000 after purchasing an additional 2,651 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Farmland Partners by 1.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 96,816 shares of the financial services provider's stock valued at $1,139,000 after purchasing an additional 1,356 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Farmland Partners during the 4th quarter valued at approximately $511,000. Asset Management One Co. Ltd. grew its position in shares of Farmland Partners by 3.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 64,605 shares of the financial services provider's stock worth $747,000 after buying an additional 2,121 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Farmland Partners by 2.8% during the fourth quarter. Rhumbline Advisers now owns 79,766 shares of the financial services provider's stock worth $938,000 after buying an additional 2,135 shares in the last quarter. 58.00% of the stock is owned by hedge funds and other institutional investors.

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.