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 Ratio0.08
Quick Ratio0.08
Price-To-Earnings
Trailing P/E Ratio19.35
Forward P/E Ratio24.24
P/E GrowthN/A
Sales & Book Value
Annual Sales$46.22 million
Price / Sales5.00
Cash Flow$0.5068 per share
Price / Cash13.87
Book Value$11.13 per share
Price / Book0.63
Profitability
EPS (Most Recent Fiscal Year)$0.36
Net Income$7.91 million
Net Margins18.22%
Return on Equity2.52%
Return on Assets0.79%
Miscellaneous
Employees16
Outstanding Shares32,870,000
Market Cap$217.59 million
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 Thursday, August 9th. Stockholders of record on Monday, October 1st will be given a dividend of $0.05 per share on Monday, October 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Friday, September 28th. View Farmland Partners' Dividend History.
How were Farmland Partners' earnings last quarter?
Farmland Partners Inc (NYSE:FPI) posted its quarterly earnings data on Wednesday, August, 8th. The financial services provider reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by $0.04. The financial services provider earned $11.42 million during the quarter, compared to the consensus estimate of $12.23 million. Farmland Partners had a return on equity of 2.52% and a net margin of 18.22%. View Farmland Partners' Earnings History.
When is Farmland Partners' next earnings date?
What price target have analysts set for FPI?
4 equities research analysts have issued 1 year price targets for Farmland Partners' shares. Their forecasts range from $8.00 to $9.25. On average, they expect Farmland Partners' stock price to reach $8.75 in the next twelve months. This suggests a possible upside of 24.5% from the stock's current price. View Analyst Price Targets for Farmland Partners.
What is the consensus analysts' recommendation for Farmland Partners?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Farmland Partners in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Farmland Partners.
Who are some of Farmland Partners' key competitors?
Some companies that are related to Farmland Partners include Interrent Real Estate Investment Trust (IIPZF), ARBOR Rlty Tr I/SH (ABR), Hersha Hospitality Trust (HT), Granite Point Mortgage Trust (GPMT), NY Mtg Tr Inc/SH (NYMT), CBL & Associates Properties (CBL), CAPSTEAD Mtg Co/SH (CMO), Pennsylvania R.E.I.T. (PEI), Urstadt Biddle Properties (UBP), istar (STAR), Northstar Realty Europe (NRE), Preferred Apartment Communities (APTS), CIM Commercial Trust (CMCT), NexPoint Residential Trust (NXRT) and INVESTORS REAL ESTATE TRUST REIT Common Stock (IRET).
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)
- Mr. Robert L. Cowan, Advisor (Age 69)
- Mr. Rich Keck, VP, Operations
- Mr. Clay Stockett, Investor Relations Mang.
Has Farmland Partners been receiving favorable news coverage?
Media stories about FPI stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Farmland Partners earned a coverage optimism score of 0.13 on Accern's scale. They also assigned media stories about the financial services provider an impact score of 45.68 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for Farmland Partners.
Who are Farmland Partners' major shareholders?
Farmland Partners' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.35%), Global Alpha Capital Management Ltd. (4.33%), Tocqueville Asset Management L.P. (1.17%), Bank of New York Mellon Corp (0.87%), North Star Investment Management Corp. (0.71%) and Taylor Frigon Capital Management LLC (0.39%). 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 institutional investors are selling Farmland Partners stock?
FPI stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Bank of New York Mellon Corp, Sheaff Brock Investment Advisors LLC, Raymond James & Associates and Janney Montgomery Scott LLC. View Insider Buying and Selling for Farmland Partners.
Which institutional investors are buying Farmland Partners stock?
FPI stock was purchased by a variety of institutional investors in the last quarter, including North Star Investment Management Corp., Taylor Frigon Capital Management LLC, Pier 88 Investment Partners LLC, BlackRock Inc., Tocqueville Asset Management L.P. and Global Alpha Capital Management Ltd.. 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 $7.03.
How big of a company is Farmland Partners?
Farmland Partners has a market capitalization of $217.59 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.
