About Farmland Partners (NYSE:FPI)
Farmland 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:
- Market Cap: $296.46 million
- Outstanding Shares: 32,948,000
- 50 Day Moving Avg: $9.01
- 200 Day Moving Avg: $9.44
- 52 Week Range: $8.06 - $11.97
Sales & Book Value:
- Trailing P/E Ratio: 162.68
- Foreward P/E Ratio: -227.75
- P/E Growth: 0.00
- Annual Revenue: $38.89 million
- Price / Sales: 7.72
- Book Value: $9.92 per share
- Price / Book: 0.92
- Annual Dividend: $0.51
- Dividend Yield: 5.6%
- EBITDA: $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: 233,135 shs.
- Beta: 0.2
- 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 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date is Friday, September 29th. View Farmland Partners' Dividend History.
How were Farmland Partners' earnings last quarter?
Farmland Partners Inc. (NYSE:FPI) posted its earnings results on Monday, May, 8th. The company reported ($0.10) EPS 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 analysts' expectations 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?
Where is Farmland Partners' stock going? Where will Farmland Partners' stock price be in 2017?
5 analysts have issued 1 year price targets for Farmland Partners' shares. Their forecasts range from $9.00 to $11.50. On average, they anticipate Farmland Partners' stock price to reach $9.94 in the next year. View Analyst Ratings for Farmland Partners.
Who are some of Farmland Partners' key competitors?
Some companies that are related to Farmland Partners include First Financial Corporation Indiana (THFF), Carolina Financial Corporation (CARO), Altisource Residential Corporation (RESI), Anworth Mortgage Asset Corporation (ANH), People's Utah Bancorp (PUB), Triumph Bancorp (TBK), National Bank of Greece (NBG), Heritage Commerce Corp (HTBK), First Defiance Financial Corp. (FDEF), AG Mortgage Investment Trust (MITT), Southwest Bancorp (OKSB), Green Brick Partners (GRBK), Republic First Bancorp (FRBK), UMH Properties (UMH), NewStar Financial (NEWS), Greenhill & Co. (GHL), Arbor Realty Trust (ABR) and Hamilton Lane (HLNE).
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
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?
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 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.
One share of Farmland Partners stock can currently be purchased for approximately $9.11.
Consensus Ratings for Farmland Partners (NYSE:FPI) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||4 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.20)|
|Consensus Price Target: ||$9.94 (9.08% upside)|Consensus Price Target History for Farmland Partners (NYSE:FPI)
Analysts' Ratings History for Farmland Partners (NYSE:FPI)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/25/2017||Stifel Nicolaus||Reiterated Rating||Buy||$10.00 -> $9.25||Medium|
|9/18/2017||Raymond James Financial, Inc.||Initiated Coverage||Mkt Perform -> Market Perform||High|
|8/15/2017||Robert W. Baird||Downgrade||Outperform -> Neutral||$10.00 -> $9.00||High|
|7/18/2017||FBR & Co||Downgrade||Outperform -> Market Perform||$12.00 -> $10.00||High|
|12/14/2016||Wunderlich||Downgrade||Buy -> Hold||$11.50||N/A|
|4/18/2016||BMO Capital Markets||Downgrade||Outperform -> Market Perform||$11.30 -> $11.50||N/A|
|12/3/2015||Janney Montgomery Scott||Initiated Coverage||Buy||$12.50 -> $12.50||N/A|
Earnings History for Farmland Partners (NYSE:FPI)Earnings History by Quarter for Farmland Partners (NYSE FPI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/8/2017||3/31/2017||$0.05||($0.10)||$9.34 million||$7.15 million||View||Listen|
|2/22/2017||Q416||$0.03||$0.26||$7.09 million||$13.33 million||View||N/A|
|11/2/2016||Q316||$0.03||($0.06)||$6.33 million||$6.95 million||View||N/A|
|5/9/2016||Q1 2016||$0.03||($0.15)||$5.55 million||$4.69 million||View||N/A|
|11/9/2015||Q315||$0.05||$0.04||$3.57 million||$4.17 million||View||N/A|
|5/5/2015||Q215||$0.07||$0.16||$3.29 million||$2.88 million||View||Listen|
Earnings Estimates for Farmland Partners (NYSE:FPI)
2017 EPS Consensus Estimate: $0.44
2018 EPS Consensus Estimate: $0.56
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Farmland Partners (NYSE:FPI)
|Most Recent Dividend:||10/13/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||425.04% (Trailing 12 Months of Earnings) |
-1,275.00% (Based on This Year's Estimates)
-1,275.00% (Based on Next Year's Estimates)
|Track Record:||2 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Farmland Partners (NYSE FPI)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Farmland Partners (NYSE:FPI)
Insider Ownership Percentage: 2.76%Insider Trades by Quarter for Farmland Partners (NYSE:FPI)
Institutional Ownership Percentage: 39.80%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/18/2017||Paul A Pittman||Chairman||Buy||3,000||$8.40||$25,200.00|| |
|8/17/2017||Erica Borenstein||General Counsel||Buy||3,000||$8.45||$25,350.00|| |
|8/17/2017||Luca Fabbri||CFO||Buy||2,000||$8.45||$16,900.00|| |
|6/16/2017||Paul A Pittman||CEO||Buy||5,000||$8.99||$44,950.00|| |
|6/15/2017||Erica Borenstein||General Counsel||Buy||2,000||$9.05||$18,100.00|| |
|5/30/2017||Dennie Dixon Boardman||Director||Sell||65,422||$9.84||$643,752.48|| |
|5/22/2017||Paul A Pittman||CEO||Buy||2,200||$9.76||$21,472.00|| |
|5/18/2017||Erica Borenstein||General Counsel||Buy||2,000||$9.59||$19,180.00|| |
|5/16/2017||Dennie Dixon Boardman||Director||Sell||1,483||$9.96||$14,770.68|| |
|5/16/2017||Paul A Pittman||CEO||Buy||2,500||$10.00||$25,000.00|| |
|5/15/2017||Paul A Pittman||CEO||Buy||2,000||$10.25||$20,500.00|| |
|5/12/2017||Paul A Pittman||CEO||Buy||2,000||$10.25||$20,500.00|| |
|5/11/2017||Paul A Pittman||CEO||Buy||2,000||$10.35||$20,700.00|| |
|4/17/2017||Chris A Downey||Director||Buy||502||$11.14||$5,592.28|| |
|3/28/2017||Paul A Pittman||CEO||Buy||1,000||$10.90||$10,900.00|| |
|3/13/2017||Erica Borenstein||General Counsel||Buy||1,000||$10.50||$10,500.00|| |
|3/9/2017||Paul A Pittman||CEO||Buy||2,000||$10.70||$21,400.00|| |
|3/3/2017||Erica Borenstein||General Counsel||Buy||1,000||$11.00||$11,000.00|| |
|3/3/2017||Paul A Pittman||CEO||Buy||600||$11.00||$6,600.00|| |
|3/1/2017||John C Conrad||Director||Buy||500||$11.34||$5,670.00|| |
|2/28/2017||Paul A Pittman||CEO||Buy||1,200||$11.34||$13,608.00|| |
|2/27/2017||Paul A Pittman||CEO||Buy||1,000||$11.45||$11,450.00|| |
|8/29/2016||Paul A Pittman||Insider||Buy||33,600||$10.42||$350,112.00|| |
|8/24/2015||Paul A. Pittman||CEO||Buy||1,000||$10.26||$10,260.00|| |
|3/31/2015||Paul A Pittman||CEO||Buy||2,000||$11.64||$23,280.00|| |
|3/30/2015||Paul A Pittman||CEO||Buy||1,101||$11.58||$12,749.58|| |
|3/9/2015||Paul A Pittman||CEO||Buy||1,500||$11.00||$16,500.00|| |
|10/31/2014||Paul A Pittman||CEO||Buy||1,000||$10.40||$10,400.00|| |
|9/30/2014||Paul A Pittman||CEO||Buy||1,000||$10.95||$10,950.00|| |
|8/26/2014||Paul A Pittman||CEO||Buy||5,550||$11.51||$63,880.50|| |
|8/21/2014||Paul A Pittman||CEO||Buy||1,950||$11.66||$22,737.00|| |
|8/20/2014||Paul A Pittman||CEO||Buy||8,000||$11.15||$89,200.00|| |
|8/18/2014||Dean Jernigan||Director||Buy||10,000||$11.32||$113,200.00|| |
|8/15/2014||Chris A Downey||Director||Buy||20,000||$10.75||$215,000.00|| |
|8/15/2014||Luca Fabbri||CFO||Buy||2,000||$10.75||$21,500.00|| |
|6/10/2014||Paul A Pittman||CEO||Buy||1,800||$13.00||$23,400.00|| |
|6/6/2014||Paul A Pittman||CEO||Buy||1,000||$13.11||$13,110.00|| |
|6/5/2014||Paul A Pittman||CEO||Buy||2,000||$13.06||$26,120.00|| |
|6/4/2014||Paul A Pittman||CEO||Buy||2,000||$13.15||$26,300.00|| |
Headline Trends for Farmland Partners (NYSE:FPI)
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Farmland Partners (FPI) Chart for Monday, October, 23, 2017