Farmland Partners Company Profile (NYSE:FPI)

About Farmland Partners

Farmland Partners logoFarmland Partners, Inc. is an internally managed real estate company. The Company owns and seeks to acquire primary crop farmland located in agricultural markets throughout North America. The Company is the sole member of the general partner of Farmland Partners Operating Partnership, LP. The Company's principal investment focus is on farmland located in agricultural markets throughout North America, however, it may seek to acquire farmland outside of North America. It also may acquire properties related to farming, such as grain storage facilities, grain elevators, feedlots, processing plants and distribution centers, as well as livestock farms or ranches. The Company owns or has under contract approximately 260 farms with an aggregate of over 108,160 acres (including approximately five farms totaling over 8,590 acres under contract) in Arkansas, Colorado, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, Texas and Virginia.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: N/A
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: FPI
  • CUSIP:
Key Metrics:
  • Previous Close: $11.48
  • 50 Day Moving Average: $11.27
  • 200 Day Moving Average: $11.17
  • 52-Week Range: $9.54 - $11.98
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 25.51
  • P/E Growth: 0.00
  • Market Cap: $149.56M
  • Outstanding Shares: 13,028,000
  • Beta: 0.09
Profitability:
  • Net Margins: 4.08%
  • Return on Equity: 0.51%
  • Return on Assets: 0.17%
Debt:
  • Current Ratio: 0.12%
  • Quick Ratio: 0.12%
Additional Links:
Companies Related to Farmland Partners:

Analyst Ratings

Consensus Ratings for Farmland Partners (NYSE:FPI) (?)
Ratings Breakdown: 1 Hold Rating, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.75)
Consensus Price Target: $12.00 (4.53% upside)

Analysts' Ratings History for Farmland Partners (NYSE:FPI)
Show:
DateFirmActionRatingPrice TargetDetails
4/18/2016BMO Capital MarketsDowngradeOutperform -> Market Perform$11.30 -> $11.50View Rating Details
3/17/2016Stifel NicolausLower Price TargetBuy$12.50 -> $12.00View Rating Details
3/16/2016FBR & CoReiterated RatingBuyView Rating Details
12/3/2015Janney Montgomery ScottInitiated CoverageBuy$12.50 -> $12.50View Rating Details
9/23/2015WunderlichInitiated CoverageBuy$12.00View Rating Details
5/19/2015Robert W. BairdLower Price TargetOutperform$15.00 -> $14.00View Rating Details
(Data available from 9/28/2014 forward)

Earnings

Earnings History for Farmland Partners (NYSE:FPI)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2015        
11/9/2015Q315$0.05$0.04$3.51 millionViewN/AView Earnings Details
7/28/2015Q215$0.07$0.16$3.29 million$2.88 millionViewListenView Earnings Details
2/27/2015$0.04$0.04ViewN/AView Earnings Details
10/30/2014$0.03$0.06ViewN/AView Earnings Details
8/13/2014$0.07$0.04ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Farmland Partners (NYSE:FPI)
Current Year EPS Consensus Estimate: $0.29 EPS
Next Year EPS Consensus Estimate: $0.45 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.11$0.12$0.12
Q2 20161$0.14$0.14$0.14
Q3 20162$0.14$0.15$0.15
Q4 20162$0.14$0.15$0.15
Q1 20172$0.14$0.15$0.15
Q2 20171$0.15$0.15$0.15
Q3 20171$0.16$0.16$0.16
Q4 20171$0.16$0.16$0.16
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Farmland Partners (NYSE:FPI)
Annual Dividend:$0.51
Dividend Yield:4.44%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:-728.47% (Based on Trailing 12 Months of Earnings)
175.86% (Based on Current Year Consensus EPS Estimate)
113.33% (Based on Next Year Consensus EPS Estimate)

Dividend History for Farmland Partners (NYSE:FPI)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/5/2016quarterly$0.134.35%9/28/20169/30/201610/14/2016
5/10/2016quarterly$0.134.57%6/29/20167/1/20167/15/2016
3/16/2016quarterly$0.134.76%3/30/20164/1/20164/15/2016
11/24/2015quarterly$0.134.61%12/30/20151/4/20161/15/2016
8/13/2015quarterly$0.134.72%9/29/201510/1/201510/15/2015
6/4/2015quarterly$0.134.62%6/29/20157/1/20157/15/2015
3/2/2015quarterly$0.124.12%3/30/20154/1/20154/15/2015
11/20/2014quarterly$0.124.26%12/30/20141/2/20151/15/2015
8/12/2014quarterly$0.113.85%9/29/201410/1/201410/15/2014
5/20/2014quarterly$0.116/27/20147/1/20147/15/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Farmland Partners (NYSE:FPI)
Insider Ownership Percentage: 11.02%
Institutional Ownership Percentage: 34.10%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/29/2016Paul A PittmanInsiderBuy33,600$10.42$350,112.00View SEC Filing  
8/24/2015Paul A. PittmanCEOBuy1,000$10.26$10,260.00View SEC Filing  
3/31/2015Paul A PittmanCEOBuy2,000$11.64$23,280.00View SEC Filing  
3/30/2015Paul A PittmanCEOBuy1,101$11.58$12,749.58View SEC Filing  
3/9/2015Paul A PittmanCEOBuy1,500$11.00$16,500.00View SEC Filing  
10/31/2014Paul A PittmanCEOBuy1,000$10.40$10,400.00View SEC Filing  
9/30/2014Paul A PittmanCEOBuy1,000$10.95$10,950.00View SEC Filing  
8/26/2014Paul A PittmanCEOBuy5,550$11.51$63,880.50View SEC Filing  
8/21/2014Paul A PittmanCEOBuy1,950$11.66$22,737.00View SEC Filing  
8/20/2014Paul A PittmanCEOBuy8,000$11.15$89,200.00View SEC Filing  
8/18/2014Dean JerniganDirectorBuy10,000$11.32$113,200.00View SEC Filing  
8/15/2014Chris A DowneyDirectorBuy20,000$10.75$215,000.00View SEC Filing  
8/15/2014Luca FabbriCFOBuy2,000$10.75$21,500.00View SEC Filing  
6/10/2014Paul A PittmanCEOBuy1,800$13.00$23,400.00View SEC Filing  
6/6/2014Paul A PittmanCEOBuy1,000$13.11$13,110.00View SEC Filing  
6/5/2014Paul A PittmanCEOBuy2,000$13.06$26,120.00View SEC Filing  
6/4/2014Paul A PittmanCEOBuy2,000$13.15$26,300.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Farmland Partners (NYSE:FPI)
DateHeadline
nasdaq.com logoFarmland Partners Inc. (FPI) Ex-Dividend Date Scheduled for September 28, 2016 - Nasdaq (NYSE:FPI)
www.nasdaq.com - September 27 at 5:04 PM
seekingalpha.com logoFarmland Partners: Betting The Farm - Seeking Alpha (NYSE:FPI)
seekingalpha.com - September 27 at 5:04 PM
capitalcube.com logoETF’s with exposure to Farmland Partners, Inc. : September 26, 2016 (NYSE:FPI)
www.capitalcube.com - September 26 at 5:15 PM
News IconLooking Ahead for Farmland Partners Inc (NYSE:FPI); Are These Shares Ready to Go Higher? - Frisco Fastball (NYSE:FPI)
friscofastball.com - September 25 at 4:37 PM
News IconBrokerages gives Consensus Recommendation of “Buy” to Farmland Partners Inc (NYSE:FPI) - DailyQuint (NYSE:FPI)
dailyquint.com - September 22 at 10:39 AM
News IconFarmland Partners – American Farmland Co. Merger Creates Largest Public Farmland REIT in U.S. (NYSE:FPI)
agfax.com - September 20 at 8:56 AM
businesswire.com logoAMERICAN FARMLAND COMPANY SHAREHOLDER ALERT: Rigrodsky & Long, PA Announces Investigation Of Buyout - Business Wire (press release) (NYSE:FPI)
www.businesswire.com - September 17 at 9:45 AM
finance.yahoo.com logoAmerican Farmland Company Acquisition May Not Be in the Best Interests of AFCO Shareholders (NYSE:FPI)
finance.yahoo.com - September 15 at 5:28 PM
prnewswire.com logoAMERICAN FARMLAND INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick ... - PR Newswire (press release) (NYSE:FPI)
www.prnewswire.com - September 14 at 5:09 PM
News IconFarmland Partners To Acquire American Farmland Company - AgWeb (NYSE:FPI)
www.agweb.com - September 14 at 5:09 PM
News IconDenver ag-land company gets bigger with acquisition (NYSE:FPI)
www.9news.com - September 14 at 9:19 AM
News IconAMERICAN FARMLAND INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of... (NYSE:FPI)
ih.advfn.com - September 14 at 9:19 AM
finance.yahoo.com logoAMERICAN FARMLAND INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC … (NYSE:FPI)
finance.yahoo.com - September 14 at 9:19 AM
finance.yahoo.com logoSHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Whether the Sale of American Farmland Company to Farmland Partners Inc. Is Fair to Shareholders -- AFCO (NYSE:FPI)
finance.yahoo.com - September 14 at 9:19 AM
finance.yahoo.com logoAMERICAN FARMLAND INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of American Farmland Company (NYSE:FPI)
finance.yahoo.com - September 14 at 9:19 AM
benzinga.com logo12 Biggest Mid-Day Gainers For Monday - Benzinga (NYSE:FPI)
www.benzinga.com - September 12 at 4:56 PM
rttnews.com logoFarmland Partners to buy American Farmland in stock-for-stock deal - RTT News (NYSE:FPI)
www.rttnews.com - September 12 at 4:56 PM
News IconStock Falling Lower in Trade: Farmland Partners Inc. (NYSE:FPI) - Post News (NYSE:FPI)
www.kentuckypostnews.com - September 12 at 4:56 PM
prnewswire.com logoFarmland Partners Announces Transformative, Accretive Merger With American Farmland Company - PR Newswire (press release) (NYSE:FPI)
www.prnewswire.com - September 12 at 4:56 PM
prnewswire.com logoFarmland Partners Announces Transformative, Accretive Merger With American Farmland Company - PR Newswire (press release) (NYSE:FPI)
www.prnewswire.com - September 12 at 4:56 PM
bizjournals.com logoDenver ag-land company gets bigger with acquistion (NYSE:FPI)
www.bizjournals.com - September 12 at 9:54 AM
streetinsider.com logoForm 8-K Farmland Partners Inc. For: Sep 12 (NYSE:FPI)
www.streetinsider.com - September 12 at 9:54 AM
rttnews.com logoFarmland Partners To Buy American Farmland In Stock-for-stock Deal (NYSE:FPI)
www.rttnews.com - September 12 at 9:54 AM
publicnow.com logoFarmland Partners Announces Transformative, Accretive Merger With American Farmland Company (NYSE:FPI)
www.publicnow.com - September 12 at 9:54 AM
biz.yahoo.com logoFARMLAND PARTNERS INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Unregistered Sale of Equity Se (NYSE:FPI)
biz.yahoo.com - September 12 at 9:54 AM
News IconPlacing Farmland Partners Inc (NYSE:FPI) Shares Under the Microscope - Post News (NYSE:FPI)
www.kentuckypostnews.com - September 9 at 9:52 AM
seekingalpha.com logoFarmland: A Macro Perspective - Seeking Alpha (NYSE:FPI)
seekingalpha.com - September 9 at 9:52 AM
News IconPresident and CEO of Farmland Partners Inc (NYSE:FPI), Pittman Paul A, buys 33,600 shares worth $350,112 (NYSE:FPI)
empowerednews.net - August 31 at 5:38 PM
fidaily.com logoFarmland Partners Inc. Common S (NYSE:FPI) Trading Up - Insiders Buying, Short Interest Falling - Finance Daily (NYSE:FPI)
www.fidaily.com - August 31 at 9:50 AM
capitalcube.com logoETF’s with exposure to Farmland Partners, Inc. : August 24, 2016 (NYSE:FPI)
www.capitalcube.com - August 24 at 4:59 PM
News IconCrowd Perspectives & Analyst Views on Farmland Partners Inc (NYSE:FPI)? - Post News (NYSE:FPI)
www.kentuckypostnews.com - August 21 at 9:32 AM
News IconReturn of domestic money managers (NYSE:FPI)
www.thehindubusinessline.com - August 20 at 4:59 PM
News IconCrowd Sentiment & Analyst Review on Farmland Partners Inc (NYSE:FPI) - Post News (NYSE:FPI)
www.kentuckypostnews.com - August 18 at 10:26 PM
finance.yahoo.com logoFARMLAND PARTNERS INC. Financials (NYSE:FPI)
finance.yahoo.com - August 18 at 5:04 PM
News IconShares Moving Lower Over the Past Month Farmland Partners Inc. (NYSE:FPI) - Post News (NYSE:FPI)
www.kentuckypostnews.com - August 18 at 8:02 AM
publicnow.com logoFP Newspapers Inc. reports second quarter 2016 results (NYSE:FPI)
www.publicnow.com - August 12 at 5:07 PM
prnewswire.com logoFarmland Partners Inc. to Webcast, Live, at VirtualInvestorConferences.com's REIT-Focused August 11 Event - PR Newswire (press release) (NYSE:FPI)
www.prnewswire.com - August 11 at 8:01 AM
finance.yahoo.com logoFarmland Partners Inc. to Webcast, Live, at VirtualInvestorConferences.com's REIT-Focused August 11 Event - Yahoo Finance (NYSE:FPI)
finance.yahoo.com - August 10 at 5:20 PM
stockhouse.com logoFarmland Partners Inc. to Webcast, Live, at VirtualInvestorConferences.com's REIT-Focused August 11 Event - Stockhouse (NYSE:FPI)
www.stockhouse.com - August 9 at 9:26 PM
publicnow.com logoFarmland Partners Inc. to Webcast, Live, at VirtualInvestorConferences.com's REIT-Focused August 11 Event (NYSE:FPI)
www.publicnow.com - August 9 at 9:26 PM
prnewswire.com logoFarmland Partners Inc. Issues Correction to Its Press Release Dated August 3, 2016 - PR Newswire (press release) (NYSE:FPI)
www.prnewswire.com - August 9 at 8:01 AM
biz.yahoo.com logoFARMLAND PARTNERS INC. Files SEC form 10-Q, Quarterly Report (NYSE:FPI)
biz.yahoo.com - August 9 at 8:01 AM
biz.yahoo.com logoFARMLAND PARTNERS INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:FPI)
biz.yahoo.com - August 9 at 8:01 AM
fidaily.com logoWith Shares Trading down at $11.73 (FPI) Farmland Partners Inc. Issues Correction… (NYSE:FPI)
www.fidaily.com - August 8 at 9:51 AM
publicnow.com logoFarmland Partners Inc. Issues Correction to Its Press Release Dated August 3, 2016 (NYSE:FPI)
www.publicnow.com - August 8 at 9:50 AM
biz.yahoo.com logoFARMLAND PARTNERS INC. Files SEC form 8-K/A, Results of Operations and Financial Condition, Financial Statements and (NYSE:FPI)
biz.yahoo.com - August 8 at 9:50 AM
finance.yahoo.com logoFarmland Partners reports 2Q results - Yahoo Finance (NYSE:FPI)
finance.yahoo.com - August 5 at 10:21 PM
capitalcube.com logoFarmland Partners, Inc. :FPI-US: Earnings Analysis: Q2, 2016 By the Numbers : August 5, 2016 (NYSE:FPI)
www.capitalcube.com - August 5 at 5:10 PM
finance.yahoo.com logoEdited Transcript of FPI earnings conference call or presentation 4-Aug-16 3:00pm GMT (NYSE:FPI)
finance.yahoo.com - August 5 at 5:10 PM
fidaily.com logoFarmland Partners Inc. Common S (FPI) Reached a 52-Week High - Finance Daily (NYSE:FPI)
www.fidaily.com - August 4 at 10:51 PM

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Farmland Partners (NYSE:FPI) Chart for Wednesday, September, 28, 2016


Last Updated on 9/28/2016 by MarketBeat.com Staff