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 Ratio25.19
Forward P/E Ratio24.51
P/E GrowthN/A
Sales & Book Value
Annual Sales$46.22 million
Price / Sales6.45
Cash Flow$0.4801 per share
Price / Cash18.89
Book Value$11.13 per share
Price / Book0.81
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 declared a quarterly dividend on Wednesday, May 9th. Stockholders of record on Monday, July 2nd will be given a dividend of $0.127 per share on Monday, July 16th. This represents a $0.51 annualized dividend and a dividend yield of 5.60%. The ex-dividend date of this dividend is Friday, June 29th. View Farmland Partners' Dividend History.
How were Farmland Partners' earnings last quarter?
Farmland Partners Inc (NYSE:FPI) issued its quarterly earnings results on Wednesday, May, 9th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.03. The financial services provider had revenue of $11.21 million for the quarter, compared to analyst estimates 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 analysts have issued 12-month price targets for Farmland Partners' stock. Their forecasts range from $8.50 to $10.00. On average, they anticipate Farmland Partners' stock 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), CYS INVESTMENTS/SH SH (CYS), PennyMac Mortgage Investment Trust (PMT), Saul Centers (BFS), TIER REIT (TIER), KKR Real Estate Finance Trust (KREF), Hannon Armstrong Sustnbl Infrstr Cap (HASI), Ramco-Gershenson Properties Trust (RPT), CBL & Associates Properties (CBL), ARMOUR Residential REIT (ARR), InfraREIT (HIFR), Chatham Lodging Trust (CLDT), MTGE Investment (MTGE), Easterly Government Properties (DEA) and Universal Health Realty Income Trust (UHT).
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?
Media coverage about FPI stock has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Farmland Partners earned a news impact score of 0.24 on Accern's scale. They also gave news headlines about the financial services provider an impact score of 47.95 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are Farmland Partners' major shareholders?
Farmland Partners' stock is owned by many different 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 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, 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 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., 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 $9.07.
How big of a company is Farmland Partners?
Farmland Partners has a market capitalization of $296.48 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.
