Farmland Partners Company Profile (NYSE:FPI)

About Farmland Partners (NYSE:FPI)

Farmland Partners logoFarmland Partners, Inc. is an internally managed real estate company. The Company owns and seeks to acquire 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 Operating Partnership). All of the Company's assets are held by, and its operations are primarily conducted through, the Operating Partnership and the subsidiaries of the Operating Partnership. 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, cold storage facilities, processing plants and distribution centers, as well as livestock farms or ranches. As of December 31, 2016, the Company owned approximately 115,489 acres, as well as eight grain storage facilities.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Specialized REITs
  • Sub-Industry: N/A
  • Symbol: NYSE:FPI
  • CUSIP: N/A
  • Web:
  • Market Cap: $285.33 million
  • Outstanding Shares: 32,542,000
Average Prices:
  • 50 Day Moving Avg: $8.79
  • 200 Day Moving Avg: $9.71
  • 52 Week Range: $8.06 - $11.97
  • Trailing P/E Ratio: 154.29
  • Foreward P/E Ratio: 23.35
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $38.89 million
  • Price / Sales: 7.23
  • Book Value: $9.92 per share
  • Price / Book: 0.87
  • Annual Dividend: $0.51
  • Dividend Yield: 5.9%
  • EBIDTA: $24.04 million
  • Net Margins: 12.46%
  • Return on Equity: 1.66%
  • Return on Assets: 0.60%
  • Current Ratio: 0.08%
  • Quick Ratio: 0.08%
  • Average Volume: 278,905 shs.
  • Beta: 0.18
  • Short Ratio: 11.18

Frequently Asked Questions for Farmland Partners (NYSE:FPI)

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 declared a quarterly dividend on Thursday, July 20th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.127 per share on Friday, October 13th. This represents a $0.51 annualized dividend and a yield of 5.88%. The ex-dividend date of this dividend is Friday, September 29th. View Farmland Partners' Dividend History.

How were Farmland Partners' earnings last quarter?

Farmland Partners Inc. (NYSE:FPI) announced its quarterly earnings results on Monday, May, 8th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by $0.15. The firm had revenue of $7.15 million for the quarter, compared to analyst estimates of $9.34 million. Farmland Partners had a return on equity of 1.66% and a net margin of 12.46%. View Farmland Partners' Earnings History.

When will Farmland Partners make its next earnings announcement?

Farmland Partners is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Farmland Partners.

Where is Farmland Partners' stock going? Where will Farmland Partners' stock price be in 2017?

5 brokerages have issued 12 month price targets for Farmland Partners' stock. Their predictions range from $9.00 to $11.50. On average, they expect Farmland Partners' share price to reach $10.13 in the next twelve months. View Analyst Ratings for Farmland Partners.

Who are some of Farmland Partners' key competitors?

Who are Farmland Partners' key executives?

Farmland Partners' management team includes the folowing people:

  • Paul A. Pittman, Executive Chairman of the Board, Chief Executive Officer
  • Robert L. Cowan, President
  • Luca Fabbri, Chief Financial Officer, Treasurer, Secretary
  • Jay Bartels, Independent Director
  • D. Dixon Boardman, Independent Director
  • Chris A. Downey, Independent Director
  • Thomas S. T. Gimbel, Independent Director
  • Joseph W. Glauber, Independent Director

Who owns Farmland Partners stock?

Farmland Partners' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (4.03%), Uniplan Investment Counsel Inc. (1.89%), State Street Corp (1.67%), Shufro Rose & Co. LLC (1.64%), Wells Fargo & Company MN (1.53%) and Ameriprise Financial Inc. (1.20%). Company insiders that own Farmland Partners stock include Chris A Downey, Dennie Dixon Boardman, Erica Borenstein, John C Conrad, Luca Fabbri and Paul A Pittman. View Institutional Ownership Trends for Farmland Partners.

Who sold Farmland Partners stock? Who is selling Farmland Partners stock?

Farmland Partners' stock was sold by a variety of institutional investors in the last quarter, including Forward Management LLC, Bradley Foster & Sargent Inc. CT, Uniplan Investment Counsel Inc., Parametric Portfolio Associates LLC, Sigma Planning Corp, Granite Investment Partners LLC, GLG Partners LP and Strs Ohio. View Insider Buying and Selling for Farmland Partners.

Who bought Farmland Partners stock? Who is buying Farmland Partners stock?

Farmland Partners' stock was purchased by a variety of institutional investors in the last quarter, including Ameriprise Financial Inc., Wells Fargo & Company MN, Tocqueville Asset Management L.P., Vanguard Group Inc., Shufro Rose & Co. LLC, Skylands Capital LLC, State Street Corp and TIAA CREF Investment Management LLC. Company insiders that have bought Farmland Partners stock in the last two years include Chris A Downey, Erica Borenstein, John C Conrad, Luca Fabbri and Paul A Pittman. View Insider Buying and Selling for Farmland Partners.

How do I buy Farmland Partners stock?

Shares of Farmland Partners can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Farmland Partners' stock price today?

One share of Farmland Partners stock can currently be purchased for approximately $8.64.

MarketBeat Community Rating for Farmland Partners (NYSE FPI)
Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  90 (Vote Outperform)
Underperform Votes:  101 (Vote Underperform)
Total Votes:  191
MarketBeat's community ratings are surveys of what our community members think about Farmland Partners and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Farmland Partners (NYSE:FPI) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 4 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.20)
Consensus Price Target: $10.13 (17.19% upside)

Analysts' Ratings History for Farmland Partners (NYSE:FPI)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/18/2017Raymond James Financial, Inc.Initiated CoverageMkt Perform -> Market PerformHighView Rating Details
8/15/2017Robert W. BairdDowngradeOutperform -> Neutral$10.00 -> $9.00HighView Rating Details
7/18/2017FBR & CoDowngradeOutperform -> Market Perform$12.00 -> $10.00HighView Rating Details
6/19/2017Stifel NicolausReiterated RatingBuy$11.75 -> $10.00LowView Rating Details
12/14/2016WunderlichDowngradeBuy -> Hold$11.50N/AView Rating Details
4/18/2016BMO Capital MarketsDowngradeOutperform -> Market Perform$11.30 -> $11.50N/AView Rating Details
12/3/2015Janney Montgomery ScottInitiated CoverageBuy$12.50 -> $12.50N/AView Rating Details
(Data available from 9/21/2015 forward)


Earnings History for Farmland Partners (NYSE:FPI)
Earnings by Quarter for Farmland Partners (NYSE:FPI)
Earnings History by Quarter for Farmland Partners (NYSE FPI)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2017$0.05N/AView Earnings Details
5/8/20173/31/2017$0.05($0.10)$9.34 million$7.15 millionViewListenView Earnings Details
2/22/2017Q416$0.03$0.26$7.09 million$13.33 millionViewN/AView Earnings Details
11/2/2016Q316$0.03($0.06)$6.33 million$6.95 millionViewN/AView Earnings Details
5/9/2016Q1 2016$0.03($0.15)$5.55 million$4.69 millionViewN/AView Earnings Details
11/9/2015Q315$0.05$0.04$3.57 million$4.17 millionViewN/AView Earnings Details
5/5/2015Q215$0.07$0.16$3.29 million$2.88 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Farmland Partners (NYSE:FPI)
2017 EPS Consensus Estimate: $0.44
2018 EPS Consensus Estimate: $0.56
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.08$0.08$0.08
Q2 20171$0.05$0.05$0.05
Q3 20171$0.09$0.09$0.09
Q4 20171$0.22$0.22$0.22
Q1 20181$0.09$0.09$0.09
Q2 20181$0.10$0.10$0.10
Q3 20181$0.11$0.11$0.11
Q4 20181$0.26$0.26$0.26
(Data provided by Zacks Investment Research)


Current Dividend Information for Farmland Partners (NYSE:FPI)
Next Dividend:10/13/2017
Annual Dividend:$0.51
Dividend Yield:5.90%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:425.04% (Trailing 12 Months of Earnings)
159.38% (Based on This Year's Estimates)
137.84% (Based on Next Year's Estimates)
Track Record:2 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Farmland Partners (NYSE:FPI)

Dividend History by Quarter for Farmland Partners (NYSE FPI)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Farmland Partners (NYSE:FPI)
Insider Ownership Percentage: 2.76%
Institutional Ownership Percentage: 39.74%
Insider Trades by Quarter for Farmland Partners (NYSE:FPI)
Institutional Ownership by Quarter for Farmland Partners (NYSE:FPI)
Insider Trades by Quarter for Farmland Partners (NYSE:FPI)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/18/2017Paul A PittmanChairmanBuy3,000$8.40$25,200.00View SEC Filing  
8/17/2017Erica BorensteinGeneral CounselBuy3,000$8.45$25,350.00View SEC Filing  
8/17/2017Luca FabbriCFOBuy2,000$8.45$16,900.00View SEC Filing  
6/16/2017Paul A PittmanCEOBuy5,000$8.99$44,950.00View SEC Filing  
6/15/2017Erica BorensteinGeneral CounselBuy2,000$9.05$18,100.00View SEC Filing  
5/30/2017Dennie Dixon BoardmanDirectorSell65,422$9.84$643,752.48View SEC Filing  
5/22/2017Paul A PittmanCEOBuy2,200$9.76$21,472.00View SEC Filing  
5/18/2017Erica BorensteinGeneral CounselBuy2,000$9.59$19,180.00View SEC Filing  
5/16/2017Dennie Dixon BoardmanDirectorSell1,483$9.96$14,770.68View SEC Filing  
5/16/2017Paul A PittmanCEOBuy2,500$10.00$25,000.00View SEC Filing  
5/15/2017Paul A PittmanCEOBuy2,000$10.25$20,500.00View SEC Filing  
5/12/2017Paul A PittmanCEOBuy2,000$10.25$20,500.00View SEC Filing  
5/11/2017Paul A PittmanCEOBuy2,000$10.35$20,700.00View SEC Filing  
4/17/2017Chris A DowneyDirectorBuy502$11.14$5,592.28View SEC Filing  
3/28/2017Paul A PittmanCEOBuy1,000$10.90$10,900.00View SEC Filing  
3/13/2017Erica BorensteinGeneral CounselBuy1,000$10.50$10,500.00View SEC Filing  
3/9/2017Paul A PittmanCEOBuy2,000$10.70$21,400.00View SEC Filing  
3/3/2017Erica BorensteinGeneral CounselBuy1,000$11.00$11,000.00View SEC Filing  
3/3/2017Paul A PittmanCEOBuy600$11.00$6,600.00View SEC Filing  
3/1/2017John C ConradDirectorBuy500$11.34$5,670.00View SEC Filing  
2/28/2017Paul A PittmanCEOBuy1,200$11.34$13,608.00View SEC Filing  
2/27/2017Paul A PittmanCEOBuy1,000$11.45$11,450.00View SEC Filing  
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)


Headline Trends for Farmland Partners (NYSE:FPI)
Latest Headlines for Farmland Partners (NYSE:FPI)
DateHeadline logoFarmland Partners Inc. (FPI) Rating Increased to Buy at Zacks Investment Research - September 20 at 12:08 AM logoBenzinga's Top Upgrades, Downgrades For September 19, 2017 - Benzinga - September 19 at 6:48 PM logoFarmland Partners Inc. (FPI) Receives New Coverage from Analysts at Raymond James Financial, Inc. - September 18 at 7:00 PM logoFarmland Partners (FPI) & Its Peers Critical Contrast - September 13 at 8:10 PM logo Brokerages Expect Farmland Partners Inc. (FPI) Will Announce Quarterly Sales of $11.27 Million - September 12 at 2:00 PM logoFarmland Partners (FPI) versus QTS Realty Trust (QTS) Financial Analysis - September 12 at 11:00 AM logo Brokerages Expect Farmland Partners Inc. (FPI) to Announce $0.08 Earnings Per Share - September 10 at 2:22 AM logoFarmland Partners Inc. (FPI) Receives Consensus Recommendation of "Hold" from Brokerages - September 6 at 8:51 AM logoHead to Head Analysis: Farmland Partners (FPI) & Communications Sales & Leasing,Inc. (UNIT) - August 31 at 6:14 AM logoFarmland Partners: Oversold On Temporary Headwinds - Seeking Alpha - August 31 at 1:10 AM logoBidaskClub Upgrades Farmland Partners Inc. (FPI) to "Sell" - August 27 at 7:26 PM logoFarmland Partners Inc. (FPI) Chairman Acquires $25,200.00 in Stock - August 21 at 8:10 PM logoFarmland Partners: Preferred - August 18 at 6:42 PM logoFarmland Partners Inc. (FPI) General Counsel Acquires $25,350.00 in Stock - August 17 at 10:48 PM logoLuca Fabbri Buys 2,000 Shares of Farmland Partners Inc. (FPI) Stock - August 17 at 9:16 PM logoFarmland Partners Inc. Announces Closing of Public Offering of Preferred Stock and Full Exercise of Underwriters' Option to Purchase Additional Shares - August 17 at 8:04 PM logoAmerican Tower Corporation (REIT) (AMT) and Farmland Partners (FPI) Head to Head Survey - August 15 at 10:28 PM logoFarmland Partners Inc. (FPI) Downgraded to Neutral at Robert W. Baird - August 15 at 1:06 PM logoInfraREIT (HIFR) vs. Farmland Partners (NYSE:FPI) Head-To-Head Analysis - August 15 at 12:28 AM logoContrasting Corrections Corp. of America (CXW) & Farmland Partners (NYSE:FPI) - August 15 at 12:28 AM logoFarmland Partners Inc. (FPI) Given Average Recommendation of "Hold" by Brokerages - August 12 at 6:30 AM logoFarmland Partners Inc. (FPI) Stock Rating Upgraded by Zacks Investment Research - August 11 at 10:58 PM logoFarmland Partners Inc. Announces Pricing of Public Offering of 6.00% Series B Participating Preferred Stock - August 10 at 8:04 PM logoFarmland Partners Inc. Announces Commencement of Public Offering of Series B Participating Preferred Stock - August 7 at 3:54 PM logoCorEnergy Infrastructure Trust (CORR) & Farmland Partners (FPI) Head-To-Head Analysis - July 31 at 6:32 PM logoHead-To-Head Survey: InfraREIT (HIFR) versus Farmland Partners (NYSE:FPI) - July 31 at 4:16 PM logoFarmland Partners Inc. Is Poised For Long-Term Growth - Seeking Alpha - July 25 at 7:02 PM logoFarmland Partners, Inc. breached its 50 day moving average in a Bullish Manner : FPI-US : July 24, 2017 - July 24 at 9:25 AM logoFarmland Partners: Exit Opportunity - Seeking Alpha - July 22 at 7:06 PM logoNo Fruitful Harvest For Farmland Partners - Seeking Alpha - July 21 at 10:46 PM logoValuable Earnings Insight on 2 Value Names - July 21 at 10:46 PM logoFarmland Partners Inc. (FPI) Announces Quarterly Dividend of $0.13 - July 21 at 11:52 AM logoEdited Transcript of FPI earnings conference call or presentation 20-Jul-17 3:00pm GMT - July 21 at 2:31 AM logoFarmland Partners' (FPI) CEO Paul Pittman on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha - July 20 at 9:31 PM logoThe More Farmland The Better - Seeking Alpha - July 20 at 4:27 PM logoInvestor Network: Farmland Partners, Inc. to Host Earnings Call - July 20 at 4:27 PM logoFY2018 EPS Estimates for Farmland Partners Inc. (NYSE:FPI) Reduced by FBR & Co - July 20 at 1:19 PM logoFarmland Partners Inc. Reports Second Quarter Results and Announces Net Income Per Share of $0.02 and AFFO Per Share of $0.10 - July 19 at 7:27 PM logoFarmland Partners reports 2Q results - July 19 at 7:27 PM logoQ2 2017 EPS Estimates for Farmland Partners Inc. Cut by Analyst (NYSE:FPI) - July 19 at 12:21 PM logoFarmland Partners Inc. (FPI) Given Average Recommendation of "Hold" by Analysts - July 18 at 12:13 PM logoFarmland Partners Inc. (FPI) to Release Quarterly Earnings on Wednesday - July 17 at 9:34 AM logo Brokerages Anticipate Farmland Partners Inc. (FPI) Will Announce Quarterly Sales of $9.59 Million - July 15 at 10:19 AM logoFarmland Partners Inc. Announces Date for Second Quarter 2017 Earnings Release and Conference Call - July 14 at 7:45 PM logoZacks: Brokerages Expect Farmland Partners Inc. (FPI) Will Post Earnings of $0.06 Per Share - July 13 at 8:12 AM logoFarmland For The Long Run - Seeking Alpha - June 28 at 11:24 PM logoFarmland Partners Inc. (FPI) Ex-Dividend Date Scheduled for June ... - Nasdaq - June 27 at 3:16 PM logoWhat Makes Farmland Partners (FPI) a Strong Sell? - June 23 at 5:56 PM logoFarmland Partners Inc. Announces Dividend of $0.13 (FPI) - June 23 at 4:52 PM logoFarmland Partners Inc. (FPI) Expected to Announce Quarterly Sales of $9.59 Million - June 21 at 12:40 PM



Farmland Partners (FPI) Chart for Thursday, September, 21, 2017

This page was last updated on 9/21/2017 by Staff