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 the date of this release, the Company owns over 165,000 acres in 17 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota, Texas and Virginia. We have approximately 30 crop types and over 100 tenants. The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:FPI
Previous Symbol
CUSIPN/A
Phone720-452-3100
Debt
Debt-to-Equity RatioN/A
Current Ratio0.08
Quick Ratio0.08
Price-To-Earnings
Trailing P/E Ratio20.28
Forward P/E Ratio22.78
P/E GrowthN/A
Sales & Book Value
Annual Sales$46.22 million
Price / Sales5.18
Cash Flow$0.4652 per share
Price / Cash15.67
Book Value$11.13 per share
Price / Book0.65
Profitability
EPS (Most Recent Fiscal Year)$0.36
Net Income$7.91 million
Net Margins20.85%
Return on Equity2.94%
Return on Assets0.91%
Miscellaneous
Employees16
Outstanding Shares32,870,000
Market Cap$245.85 million
OptionableOptionable
Farmland Partners (NYSE:FPI) Frequently Asked Questions
What is Farmland Partners' stock symbol?
Farmland Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "FPI."
How often does Farmland Partners pay dividends? What is the dividend yield for Farmland Partners?
Farmland Partners announced a quarterly dividend on Tuesday, November 6th. Shareholders of record on Tuesday, January 1st will be given a dividend of $0.05 per share on Tuesday, January 15th. This represents a $0.20 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Friday, December 28th. View Farmland Partners' Dividend History.
How were Farmland Partners' earnings last quarter?
Farmland Partners Inc (NYSE:FPI) posted its earnings results on Monday, November, 5th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.02. The financial services provider earned $12.55 million during the quarter, compared to analysts' expectations of $12.76 million. Farmland Partners had a return on equity of 2.94% and a net margin of 20.85%. View Farmland Partners' Earnings History.
When is Farmland Partners' next earnings date?
What guidance has Farmland Partners issued on next quarter's earnings?
Farmland Partners updated its FY 2018 earnings guidance on Monday, November, 5th. The company provided earnings per share (EPS) guidance of $0.30-0.34 for the period.
What price target have analysts set for FPI?
3 brokerages have issued 1-year price targets for Farmland Partners' shares. Their forecasts range from $7.50 to $9.00. On average, they anticipate Farmland Partners' stock price to reach $8.25 in the next year. This suggests a possible upside of 13.2% from the stock's current price. View Analyst Price Targets for Farmland Partners.
What is the consensus analysts' recommendation for Farmland Partners?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Farmland Partners in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Farmland Partners.
Has Farmland Partners been receiving favorable news coverage?
Media headlines about FPI stock have trended somewhat positive this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Farmland Partners earned a daily sentiment score of 0.9 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near term.
Who are some of Farmland Partners' key competitors?
Some companies that are related to Farmland Partners include ARMOUR Residential REIT (ARR), Interrent Real Estate Investment Trust (IIPZF), InfraREIT (HIFR), CorePoint Lodging (CPLG), ARBOR Rlty Tr I/SH (ABR), Chatham Lodging Trust (CLDT), Universal Health Realty Income Trust (UHT), Independence Realty Trust (IRT), NY MTG TR INC/SH (NYMT), Northstar Realty Europe (NRE), Granite Point Mortgage Trust (GPMT), Urstadt Biddle Properties (UBA), CIM Commercial Trust (CMCT), istar (STAR) and Hersha Hospitality Trust (HT).
Who are Farmland Partners' key executives?
Farmland Partners' management team includes the folowing people:
- Mr. Paul A. Pittman, Exec. Chairman, CEO & Pres (Age 56)
- Mr. Luca Fabbri, CFO & Treasurer (Age 49)
- Ms. Erica Borenstein, Sec. & Gen. Counsel (Age 48)
Who are Farmland Partners' major shareholders?
Farmland Partners' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.38%), Gilman Hill Asset Management LLC (0.94%), Bank of New York Mellon Corp (0.76%), Taylor Frigon Capital Management LLC (0.44%), JPMorgan Chase & Co. (0.37%) and Forward Management LLC (0.29%). Company insiders that own Farmland Partners stock include Chris A Downey, Dennie Dixon Boardman, Erica Borenstein, Jay Bartels, John C Conrad, Joseph W Glauber, Luca Fabbri and Paul A Pittman. View Institutional Ownership Trends for Farmland Partners.
Which major investors are selling Farmland Partners stock?
FPI stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Alliancebernstein L.P., North Star Investment Management Corp., Gilman Hill Asset Management LLC and Bank of New York Mellon Corp. View Insider Buying and Selling for Farmland Partners.
Which major investors are buying Farmland Partners stock?
FPI stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Forward Management LLC, Creative Financial Designs Inc. ADV, Goelzer Investment Management Inc., Taylor Frigon Capital Management LLC, Nissay Asset Management Corp Japan ADV, Virtu Financial LLC and BlackRock Inc.. Company insiders that have bought Farmland Partners stock in the last two years include Chris A Downey, Erica Borenstein, Jay Bartels, John C Conrad, Joseph W Glauber, Luca Fabbri and Paul A Pittman. View Insider Buying and Selling for Farmland Partners.
How do I buy shares of Farmland Partners?
Shares of FPI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Farmland Partners' stock price today?
One share of FPI stock can currently be purchased for approximately $7.29.
How big of a company is Farmland Partners?
Farmland Partners has a market capitalization of $245.85 million and generates $46.22 million in revenue each year. The financial services provider earns $7.91 million in net income (profit) each year or $0.36 on an earnings per share basis. Farmland Partners employs 16 workers across the globe.
What is Farmland Partners' official website?
How can I contact Farmland Partners?
Farmland Partners' mailing address is 4600 SOUTH SYRACUSE STREET SUITE 1450, DENVER CO, 80237. The financial services provider can be reached via phone at 720-452-3100.
MarketBeat Community Rating for Farmland Partners (NYSE FPI)
MarketBeat's community ratings are surveys of what our community members think about Farmland Partners and other stocks. Vote "Outperform" if you believe FPI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FPI will underperform the S&P 500 over the long term. You may vote once every thirty days.
