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About Farmland Partners (NYSE:FPI)
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 Ratio23.11
Forward P/E Ratio22.49
P/E GrowthN/A
Sales & Book Value
Annual Sales$46.22 million
Price / Sales5.92
Cash Flow$0.4837 per share
Price / Cash17.20
Book Value$11.13 per share
Price / Book0.75
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 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date is Friday, June 29th. View Farmland Partners' Dividend History.
How were Farmland Partners' earnings last quarter?
Farmland Partners (NYSE:FPI) announced its quarterly earnings results on Wednesday, May, 9th. The financial services provider reported ($0.08) earnings per share 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 target prices for Farmland Partners' shares. Their predictions range from $8.50 to $10.00. On average, they expect Farmland Partners' share price to reach $9.15 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 KKR Real Estate Finance Trust (KREF), Saul Centers (BFS), TIER REIT (TIER), Hannon Armstrong Sustnbl Infrstr Cap (HASI), ARMOUR Residential REIT (ARR), InfraREIT (HIFR), Chatham Lodging (CLDT), Ramco-Gershenson Properties Trust (RPT), MTGE Investment (MTGE), Easterly Government Properties (DEA), Capstead Mortgage (CMO), Universal Health Realty Income Trust (UHT), Independence Realty Trust (IRT), Urstadt Biddle Properties (UBA) and Granite Point Mortgage Trust (GPMT).
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 trended somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Farmland Partners earned a news impact score of 0.17 on Accern's scale. They also assigned news articles about the financial services provider an impact score of 48.04 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are Farmland Partners' major shareholders?
Farmland Partners' stock is owned by a variety of of retail and institutional investors. Top institutional investors 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. Company insiders that have sold Farmland Partners company stock in the last year include Dennie Dixon Boardman and Jay Bartels. 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 $8.32.
How big of a company is Farmland Partners?
Farmland Partners has a market capitalization of $269.85 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.
Farmland Partners (NYSE:FPI) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for Farmland Partners in the last 12 months. Their average twelve-month price target is $9.15, suggesting that the stock has a possible upside of 9.98%. The high price target for FPI is $10.00 and the low price target for FPI is $8.50. There are currently 5 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.17 | 2.17 | 2.20 | 2.17 |
| Ratings Breakdown: | 0 Sell Rating(s)
5 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $9.15 | $9.15 | $9.5625 | $9.95 |
| Price Target Upside: | 9.98% upside | 8.41% upside | 6.25% upside | 10.56% upside |
Farmland Partners (NYSE:FPI) Consensus Price Target History
Farmland Partners (NYSE:FPI) Analyst Ratings History
Show:
(Data available from 5/21/2016 forward)
Farmland Partners (NYSE:FPI) Dividend Information
Farmland Partners pays an annual dividend of $0.51 per share, with a dividend yield of 6.13%. FPI's next quarterly dividend payment will be made on Monday, July 16. Farmland Partners pays out 141.67% of its earnings out as a dividend.
| Next Dividend: | 7/16/2018 |
| Annual Dividend: | $0.51 |
| Dividend Yield: | 6.13% |
| Dividend Growth: | 34.40% (3 Year Average) |
| Payout Ratio(s): | 141.67% (Trailing 12 Months of Earnings)
137.84% (Based on This Year's Estimates)
115.91% (Based on Next Year's Estimates)
105.43% (Based on Cash Flow)
|
| Frequency: | Quarterly Dividend |
Farmland Partners (NYSE:FPI) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/9/2018 | Quarterly | $0.1270 | 6.32% | 6/29/2018 | 7/2/2018 | 7/16/2018 |
| 2/20/2018 | Quarterly | $0.1270 | 7% | 3/29/2018 | 4/2/2018 | 4/16/2018 |
| 11/7/2017 | Quarterly | $0.1270 | 5.55% | 12/29/2017 | 1/2/2018 | 1/16/2018 |
| 7/20/2017 | Quarterly | $0.1270 | 6.09% | 9/29/2017 | 10/2/2017 | 10/13/2017 |
| 5/30/2017 | | $0.1270 | | 6/28/2017 | 6/30/2017 | 7/14/2017 |
| 2/23/2017 | quarterly | $0.1275 | 4.46% | 3/29/2017 | 4/1/2017 | 4/14/2017 |
| 11/3/2016 | quarterly | $0.1275 | 5.06% | 12/28/2016 | 1/2/2017 | 1/13/2017 |
| 8/5/2016 | quarterly | $0.1275 | 4.35% | 9/28/2016 | 9/30/2016 | 10/14/2016 |
| 5/10/2016 | quarterly | $0.1275 | 4.57% | 6/29/2016 | 7/1/2016 | 7/15/2016 |
| 3/16/2016 | quarterly | $0.1275 | 4.76% | 3/30/2016 | 4/1/2016 | 4/15/2016 |
| 11/24/2015 | quarterly | $0.1275 | 4.61% | 12/30/2015 | 1/4/2016 | 1/15/2016 |
| 8/13/2015 | quarterly | $0.1275 | 4.72% | 9/29/2015 | 10/1/2015 | 10/15/2015 |
| 6/4/2015 | quarterly | $0.1275 | 4.62% | 6/29/2015 | 7/1/2015 | 7/15/2015 |
| 3/2/2015 | quarterly | $0.1160 | 4.12% | 3/30/2015 | 4/1/2015 | 4/15/2015 |
| 11/20/2014 | quarterly | $0.1160 | 4.26% | 12/30/2014 | 1/2/2015 | 1/15/2015 |
| 8/12/2014 | quarterly | $0.1050 | 3.85% | 9/29/2014 | 10/1/2014 | 10/15/2014 |
| 5/20/2014 | quarterly | $0.1050 | | 6/27/2014 | 7/1/2014 | 7/15/2014 |
(Data available from 1/1/2013 forward)
Farmland Partners (NYSE FPI) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 10.10%
Institutional Ownership Percentage: 50.10%
Farmland Partners (NYSE FPI) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/21/2018 | Paul A Pittman | CEO | Buy | 3,000 | $8.38 | $25,140.00 | 1,181,286 |  |
| 5/16/2018 | Jay Bartels | Director | Sell | 3,200 | $7.92 | $25,344.00 | 4,686 | |
| 5/14/2018 | Paul A Pittman | CEO | Buy | 5,252 | $7.71 | $40,492.92 | 1,178,286 | |
| 4/16/2018 | Chris A Downey | Director | Buy | 733 | $8.04 | $5,893.32 | 7,386 | |
| 3/29/2018 | Jay Bartels | Director | Buy | 500 | $8.33 | $4,165.00 | 4,886 | |
| 3/28/2018 | Paul A Pittman | CEO | Buy | 200 | $24.98 | $4,996.00 | 200 | |
| 3/27/2018 | Jay Bartels | Director | Sell | 3,000 | $8.23 | $24,690.00 | 4,886 | |
| 3/26/2018 | Paul A Pittman | CEO | Buy | 1,000 | $8.15 | $8,150.00 | 1,173,034 | |
| 3/16/2018 | Jay Bartels | Director | Buy | 1,500 | $8.44 | $12,660.00 | | |
| 3/16/2018 | Paul A Pittman | CEO | Buy | 1,000 | $8.45 | $8,450.00 | | |
| 3/14/2018 | Joseph W Glauber | Director | Buy | 1,190 | $8.38 | $9,972.20 | | |
| 3/14/2018 | Paul A Pittman | CEO | Buy | 1,000 | $8.40 | $8,400.00 | 1,171,034 | |
| 3/8/2018 | Paul A Pittman | CEO | Buy | 1,000 | $8.23 | $8,230.00 | | |
| 3/6/2018 | Paul A Pittman | CEO | Buy | 2,290 | $7.95 | $18,205.50 | 1,165,324 | |
| 1/16/2018 | Chris A Downey | Director | Buy | 663 | $8.77 | $5,814.51 | 7,386 | |
| 10/13/2017 | Chris A Downey | Director | Buy | 620 | $9.24 | $5,728.80 | 7,386 | |
| 8/18/2017 | Paul A Pittman | Chairman | Buy | 3,000 | $8.40 | $25,200.00 | 1,084,615 | |
| 8/17/2017 | Erica Borenstein | General Counsel | Buy | 3,000 | $8.45 | $25,350.00 | 19,404 | |
| 8/17/2017 | Luca Fabbri | CFO | Buy | 2,000 | $8.45 | $16,900.00 | 86,064 | |
| 7/14/2017 | Chris A Downey | Director | Buy | 638 | $8.85 | $5,646.30 | 7,386 | |
| 6/16/2017 | Paul A Pittman | CEO | Buy | 5,000 | $8.99 | $44,950.00 | 545,388 | |
| 6/15/2017 | Erica Borenstein | General Counsel | Buy | 2,000 | $9.05 | $18,100.00 | 16,404 | |
| 5/30/2017 | Dennie Dixon Boardman | Director | Sell | 65,422 | $9.84 | $643,752.48 | 1,601 | |
| 5/22/2017 | Paul A Pittman | CEO | Buy | 2,200 | $9.76 | $21,472.00 | 542,914 | |
| 5/18/2017 | Erica Borenstein | General Counsel | Buy | 2,000 | $9.59 | $19,180.00 | 14,404 | |
| 5/16/2017 | Dennie Dixon Boardman | Director | Sell | 1,483 | $9.96 | $14,770.68 | 67,023 | |
| 5/16/2017 | Paul A Pittman | CEO | Buy | 2,500 | $10.00 | $25,000.00 | 542,588 | |
| 5/15/2017 | Paul A Pittman | CEO | Buy | 2,000 | $10.25 | $20,500.00 | 540,088 | |
| 5/12/2017 | Paul A Pittman | CEO | Buy | 2,000 | $10.25 | $20,500.00 | 538,088 | |
| 5/11/2017 | Paul A Pittman | CEO | Buy | 2,000 | $10.35 | $20,700.00 | 536,088 | |
| 4/17/2017 | Chris A Downey | Director | Buy | 502 | $11.14 | $5,592.28 | 5,991 | |
| 3/28/2017 | Paul A Pittman | CEO | Buy | 1,000 | $10.90 | $10,900.00 | 534,088 | |
| 3/13/2017 | Erica Borenstein | General Counsel | Buy | 1,000 | $10.50 | $10,500.00 | 12,404 | |
| 3/9/2017 | Paul A Pittman | CEO | Buy | 2,000 | $10.70 | $21,400.00 | 533,088 | |
| 3/3/2017 | Erica Borenstein | General Counsel | Buy | 1,000 | $11.00 | $11,000.00 | 11,404 | |
| 3/3/2017 | Paul A Pittman | CEO | Buy | 600 | $11.00 | $6,600.00 | 531,088 | |
| 3/1/2017 | John C Conrad | Director | Buy | 500 | $11.34 | $5,670.00 | 2,959 | |
| 2/28/2017 | Paul A Pittman | CEO | Buy | 1,200 | $11.34 | $13,608.00 | 530,588 | |
| 2/27/2017 | Paul A Pittman | CEO | Buy | 1,000 | $11.45 | $11,450.00 | 525,588 | |
| 8/29/2016 | Paul A Pittman | Insider | Buy | 33,600 | $10.42 | $350,112.00 | 461,304 | |
| 8/24/2015 | Paul A. Pittman | CEO | Buy | 1,000 | $10.26 | $10,260.00 | 132,857 | |
| 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 | | |
(Data available from 1/1/2013 forward)
Farmland Partners (NYSE FPI) News Headlines
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Farmland Partners (NYSE:FPI) SEC Filings
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Farmland Partners (NYSE:FPI) Income Statement, Balance Sheet and Cash Flow Statement
Farmland Partners (NYSE FPI) Stock Chart for Monday, May, 21, 2018
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