NYSE:FPIFarmland Partners Stock Price, Forecast & News

$6.90

-0.08 (-1.15 %)

(As of 05/28/2020 04:00 PM ET)

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Today's Range

$6.86

Now: $6.90▼

$7.09

50-Day Range

$5.69

MA: $6.41▼

$6.92

52-Week Range

$5.05

Now: $6.90▼

$7.22

Volume172,500 shs

Average Volume140,851 shs

Market Capitalization$206.08 million

P/E RatioN/A

Dividend Yield2.87%

Beta0.62

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 approximately 162,000 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 26 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.

Beat the Market (BTM) Rank^™

1.0 Analyst's Opinion

Consensus Rating
Farmland Partners has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.00, Farmland Partners has a potential upside of 1.4% from its current price of $6.90.
Amount of Analyst Coverage
Farmland Partners has only been the subject of 1 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Farmland Partners has received 246 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Farmland Partners has received 314 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Farmland Partners has received 56.07% “underperform” votes from our community.

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.

1.7 Dividend Strength

Dividend Leadership
Farmland Partners is a leading dividend payer. It pays a dividend yield of 2.87%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Farmland Partners does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Farmland Partners is 153.85 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Farmland Partners will have a dividend payout ratio of 86.96 % in the coming year. This indicates that Farmland Partners may not be able to sustain their current dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Farmland Partners insiders have bought more of their company's stock than they have sold. Specifically, they have bought $35,462.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 8.88% of the stock of Farmland Partners is held by insiders.
Percentage Held by Institutions
53.52% of the stock of Farmland Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Farmland Partners are expected to grow by 15.00% in the coming year, from $0.20 to $0.23 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Farmland Partners is -98.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Farmland Partners is -98.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Farmland Partners has a P/B Ratio of 0.67. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.02 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Real estate investment trusts

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:FPI

Previous Symbol

CUSIPN/A

CIK1591670

Webwww.farmlandpartners.com

Phone720-452-3100

Debt

Debt-to-Equity RatioN/A

Current Ratio0.05

Quick Ratio0.05

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio34.50

P/E GrowthN/A

Sales & Book Value

Annual Sales$53.56 million

Price / Sales3.85

Cash Flow$0.74 per share

Price / Cash Flow9.27

Book Value$10.26 per share

Price / Book0.67

Profitability

EPS (Most Recent Fiscal Year)$0.13

Net Income$13.89 million

Net Margins20.50%

Return on Equity3.58%

Return on Assets1.01%

Miscellaneous

Employees13

Outstanding Shares29,866,000

Market Cap$206.08 million

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Farmland Partners (NYSE:FPI) Frequently Asked Questions

How has Farmland Partners' stock been impacted by COVID-19 (Coronavirus)?

Farmland Partners' stock was trading at $5.55 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FPI stock has increased by 24.3% and is now trading at $6.90. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Farmland Partners?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Farmland Partners in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Farmland Partners.

When is Farmland Partners' next earnings date?

Farmland Partners is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Farmland Partners.

How were Farmland Partners' earnings last quarter?

Farmland Partners Inc (NYSE:FPI) released its earnings results on Thursday, May, 7th. The financial services provider reported ($0.09) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.10) by $0.01. The financial services provider had revenue of $11.65 million for the quarter, compared to analysts' expectations of $10.84 million. Farmland Partners had a net margin of 20.50% and a return on equity of 3.58%. View Farmland Partners' earnings history.

How often does Farmland Partners pay dividends? What is the dividend yield for Farmland Partners?

Farmland Partners announced a quarterly dividend on Monday, May 11th. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.05 per share on Wednesday, July 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Tuesday, June 30th. View Farmland Partners' dividend history.

What price target have analysts set for FPI?

1 Wall Street analysts have issued twelve-month target prices for Farmland Partners' stock. Their forecasts range from $7.00 to $7.00. On average, they anticipate Farmland Partners' stock price to reach $7.00 in the next twelve months. This suggests a possible upside of 1.4% from the stock's current price. View analysts' price targets for Farmland Partners.

Has Farmland Partners been receiving favorable news coverage?

News headlines about FPI stock have been trending positive on Thursday, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Farmland Partners earned a media sentiment score of 3.0 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 7.0 out of 10, indicating that recent news coverage is likely to have an effect on the stock's share price in the next several days. View the latest news aboutFarmland Partners.

Who are some of Farmland Partners' key competitors?

Some companies that are related to Farmland Partners include NY MTG TR INC/SH (NYMT), istar (STAR), NexPoint Residential Trust (NXRT), Diversified Healthcare Trust (DHC), Saul Centers (BFS), Summit Hotel Properties (INN), Colony Credit Real Estate (CLNC), Redwood Trust (RWT), Easterly Government Properties (BPYU), Tanger Factory Outlet Centers (SKT), TPG RE Finance Trust (TRTX), Brookfield Property Reit (BPR), ARMOUR Residential REIT (ARR), Urstadt Biddle Properties (UBA) and UMH PROPERTIES/SH SH (UMH). View all competitors.

What other stocks do shareholders of Farmland Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Farmland Partners investors own include Hawkins (HWKN), AGNC Investment (AGNC), Enterprise Products Partners (EPD), New Residential Investment (NRZ), Two Harbors Investment (TWO), Brookfield Property Partners (BPY), General Electric (GE), Realty Income (O), Ford Motor (F) and Ladder Capital (LADR).

Who are Farmland Partners' key executives?

Farmland Partners' management team includes the following people:

Mr. Paul A. Pittman, Exec. Chairman, Pres & CEO (Age 57)
Mr. Luca Fabbri, CFO & Treasurer (Age 50)
Ms. Erica Borenstein, Gen. Counsel & Sec. (Age 49)

What is Farmland Partners' stock symbol?

Farmland Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "FPI."

Who are Farmland Partners' major shareholders?

Farmland Partners' stock is owned by a variety of retail and institutional investors. Top institutional investors include Global Alpha Capital Management Ltd. (8.11%), BlackRock Inc. (6.81%), Massachusetts Financial Services Co. MA (6.77%), Deutsche Bank AG (2.21%), State Street Corp (1.84%) and Geode Capital Management LLC (1.48%). Company insiders that own Farmland Partners stock include Chris A Downey, Erica Borenstein, Jay Bartels, John A Good, Luca Fabbri and Paul A Pittman. View institutional ownership trends for Farmland Partners.

Which institutional investors are selling Farmland Partners stock?

FPI stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Raymond James & Associates, Deutsche Bank AG, State Street Corp, Invesco Ltd., UBS Group AG, Group One Trading L.P., and AE Wealth Management LLC. View insider buying and selling activity for Farmland Partners.

Which institutional investors are buying Farmland Partners stock?

FPI stock was acquired by a variety of institutional investors in the last quarter, including Global Alpha Capital Management Ltd., Advisor Group Holdings Inc., Massachusetts Financial Services Co. MA, Geode Capital Management LLC, Nisa Investment Advisors LLC, Garner Asset Management Corp, Teachers Insurance & Annuity Association of America, and Two Sigma Advisers LP. Company insiders that have bought Farmland Partners stock in the last two years include Chris A Downey, Erica Borenstein, John A Good, Luca Fabbri, and Paul A Pittman. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Farmland Partners' stock price today?

One share of FPI stock can currently be purchased for approximately $6.90.

How big of a company is Farmland Partners?

Farmland Partners has a market capitalization of $206.08 million and generates $53.56 million in revenue each year. The financial services provider earns $13.89 million in net income (profit) each year or $0.13 on an earnings per share basis. Farmland Partners employs 13 workers across the globe.

What is Farmland Partners' official website?

The official website for Farmland Partners is www.farmlandpartners.com.

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.

This page was last updated on 5/28/2020 by MarketBeat.com Staff