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
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 Ratio25.33
Forward P/E Ratio24.65
P/E GrowthN/A
Sales & Book Value
Annual Sales$46.22 million
Price / Sales6.49
Cash Flow$0.4838 per share
Price / Cash18.85
Book Value$11.13 per share
Price / Book0.82
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
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. Shareholders 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 5.57%. The ex-dividend date is Friday, June 29th. View Farmland Partners' Dividend History.
How were Farmland Partners' earnings last quarter?
Farmland Partners Inc (NYSE:FPI) announced its earnings results on Wednesday, May, 9th. The financial services provider reported ($0.08) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.05) by $0.03. The financial services provider earned $11.21 million during the quarter, compared to the consensus estimate 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?
6 brokerages have issued 1-year price objectives for Farmland Partners' shares. Their forecasts range from $8.50 to $10.00. On average, they expect Farmland Partners' share price to reach $9.15 in the next twelve months. View Analyst Ratings for Farmland Partners.
Who are some of Farmland Partners' key competitors?
Some companies that are related to Farmland Partners include CYRELA BRAZIL R/S (CYRBY), PennyMac Mortgage Investment Trust (PMT), CYS INVESTMENTS/SH SH (CYS), Saul Centers (BFS), TIER REIT (TIER), KKR Real Estate Finance Trust (KREF), Ramco-Gershenson Properties Trust (RPT), Hannon Armstrong Sustnbl Infrstr Cap (HASI), CBL & Associates Properties (CBL), ARMOUR Residential REIT (ARR), Chatham Lodging Trust (CLDT), Easterly Government Properties (DEA), InfraREIT (HIFR), MTGE Investment (MTGE) and Independence Realty Trust (IRT).
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?
News headlines about FPI stock have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Farmland Partners earned a media sentiment score of 0.19 on Accern's scale. They also assigned media stories about the financial services provider an impact score of 46.59 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
Who are Farmland Partners' major shareholders?
Farmland Partners' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.07%), Global Alpha Capital Management Ltd. (4.29%), Wells Fargo & Company MN (1.58%), Shufro Rose & Co. LLC (1.56%), Millennium Management LLC (0.56%) and Hilltop Holdings Inc. (0.37%). 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 major investors are selling Farmland Partners stock?
FPI stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, BlackRock Inc., Stephens Inc. AR, Forward Management LLC, Stifel Financial Corp, Shufro Rose & Co. LLC and Wells Fargo & Company MN. View Insider Buying and Selling for Farmland Partners.
Which major 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., Hilltop Holdings Inc. and Barclays PLC. 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 $9.12.
How big of a company is Farmland Partners?
Farmland Partners has a market capitalization of $295.82 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 (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.
