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 or has under contract over 166,000 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
SymbolNYSE:FPI
CUSIPN/A
Phone720-452-3100
Debt
Debt-to-Equity RatioN/A
Current Ratio0.07
Quick Ratio0.07
Price-To-Earnings
Trailing P/E Ratio18.22
Forward P/E Ratio18.22
P/E GrowthN/A
Sales & Book Value
Annual Sales$46.22 million
Price / Sales4.67
Cash Flow$0.5019 per share
Price / Cash13.07
Book Value$11.13 per share
Price / Book0.59
Profitability
EPS (Most Recent Fiscal Year)$0.36
Net Income$7.91 million
Net Margins19.85%
Return on Equity2.68%
Return on Assets0.89%
Miscellaneous
Employees16
Outstanding Shares32,870,000
Market Cap$205.10
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 Wednesday, May 9th. Investors of record on Monday, July 2nd will be paid a dividend of $0.127 per share on Monday, July 16th. This represents a $0.51 annualized dividend and a dividend yield of 7.74%. The ex-dividend date of this dividend is Friday, June 29th. View Farmland Partners' Dividend History.
How were Farmland Partners' earnings last quarter?
Farmland Partners Inc (NYSE:FPI) released its quarterly earnings results on Wednesday, May, 9th. The financial services provider reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by $0.03. The financial services provider earned $11.21 million during the quarter, compared to analyst estimates of $10.96 million. Farmland Partners had a return on equity of 2.68% and a net margin of 19.85%. View Farmland Partners' Earnings History.
When is Farmland Partners' next earnings date?
What price target have analysts set for FPI?
5 equities research analysts have issued 12-month price objectives for Farmland Partners' stock. Their predictions range from $8.00 to $9.25. On average, they anticipate Farmland Partners' stock price to reach $8.8125 in the next twelve months. This suggests a possible upside of 34.3% from the stock's current price. View Analyst Ratings for Farmland Partners.
What is the consensus analysts' recommendation for Farmland Partners?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Farmland Partners in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
Who are some of Farmland Partners' key competitors?
Some companies that are related to Farmland Partners include Granite Point Mortgage Trust (GPMT), Ashford Hospitality Trust (AHT), ARBOR Rlty Tr I/SH (ABR), Interrent Real Estate Investment Trust (IIPZF), CAPSTEAD Mtg Co/SH (CMO), Pennsylvania R.E.I.T. (PEI), istar (STAR), Urstadt Biddle Properties (UBP), Northstar Realty Europe (NRE), NY Mtg Tr Inc/SH (NYMT), Preferred Apartment Communities (APTS), CIM Commercial Trust (CMCT), INVESTORS REAL ESTATE TRUST REIT Common Stock (IRET), Catchmark Timber Trust (CTT) and New Senior Investment Group (SNR).
Who are Farmland Partners' key executives?
Farmland Partners' management team includes the folowing people:
- Mr. Paul A. Pittman, Exec. Chairman & CEO (Age 56)
- Mr. Robert L. Cowan, Pres (Age 69)
- Mr. Luca Fabbri, CFO & Treasurer (Age 49)
- Ms. Erica Borenstein, Sec. & Gen. Counsel (Age 48)
Has Farmland Partners been receiving favorable news coverage?
Headlines about FPI stock have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Farmland Partners earned a media sentiment score of 0.13 on Accern's scale. They also assigned news articles about the financial services provider an impact score of 46.38 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future.
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 $6.56.
How big of a company is Farmland Partners?
Farmland Partners has a market capitalization of $205.10 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.
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.
