Farmland Partners Company Profile (NYSE:FPI)

About Farmland Partners (NYSE:FPI)

Farmland Partners logoFarmland 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:
  • Sector: Finance
  • Industry: Specialized REITs
  • Sub-Industry: N/A
  • Symbol: NYSE:FPI
  • CUSIP: N/A
  • Web: www.farmlandpartners.com
Capitalization:
  • Market Cap: $296.46 million
  • Outstanding Shares: 32,948,000
Average Prices:
  • 50 Day Moving Avg: $9.01
  • 200 Day Moving Avg: $9.44
  • 52 Week Range: $8.06 - $11.97
P/E:
  • Trailing P/E Ratio: 162.68
  • Foreward P/E Ratio: -227.75
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $38.89 million
  • Price / Sales: 7.72
  • Book Value: $9.92 per share
  • Price / Book: 0.92
Dividend:
  • Annual Dividend: $0.51
  • Dividend Yield: 5.6%
Profitability:
  • EBITDA: $24.04 million
  • Net Margins: 12.46%
  • Return on Equity: 1.66%
  • Return on Assets: 0.60%
Debt:
  • Current Ratio: 0.08%
  • Quick Ratio: 0.08%
Misc:
  • 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?

Farmland Partners is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Farmland Partners.

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?

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?

One share of Farmland Partners stock can currently be purchased for approximately $9.11.


MarketBeat Community Rating for Farmland Partners (NYSE FPI)
Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  94 (Vote Outperform)
Underperform Votes:  109 (Vote Underperform)
Total Votes:  203
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.

Analyst Ratings

Consensus Ratings for Farmland Partners (NYSE:FPI) (How are Consensus Ratings Calculated?)
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)
Price Target History for Farmland Partners (NYSE:FPI)
Analysts' Ratings History for Farmland Partners (NYSE:FPI)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/25/2017Stifel NicolausReiterated RatingBuy$10.00 -> $9.25MediumView Rating Details
9/18/2017Raymond James Financial, Inc.Initiated CoverageMkt Perform -> Market PerformHighView Rating Details
8/15/2017Robert W. BairdDowngradeOutperform -> Neutral$10.00 -> $9.00HighView Rating Details
7/18/2017FBR & CoDowngradeOutperform -> Market Perform$12.00 -> $10.00HighView Rating Details
12/14/2016WunderlichDowngradeBuy -> Hold$11.50N/AView Rating Details
4/18/2016BMO Capital MarketsDowngradeOutperform -> Market Perform$11.30 -> $11.50N/AView Rating Details
12/3/2015Janney Montgomery ScottInitiated CoverageBuy$12.50 -> $12.50N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for Farmland Partners (NYSE:FPI)
Earnings by Quarter for Farmland Partners (NYSE:FPI)
Earnings History by Quarter for Farmland Partners (NYSE FPI)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2017$0.05N/AView Earnings Details
5/8/20173/31/2017$0.05($0.10)$9.34 million$7.15 millionViewListenView Earnings Details
2/22/2017Q416$0.03$0.26$7.09 million$13.33 millionViewN/AView Earnings Details
11/2/2016Q316$0.03($0.06)$6.33 million$6.95 millionViewN/AView Earnings Details
5/9/2016Q1 2016$0.03($0.15)$5.55 million$4.69 millionViewN/AView Earnings Details
11/9/2015Q315$0.05$0.04$3.57 million$4.17 millionViewN/AView Earnings Details
5/5/2015Q215$0.07$0.16$3.29 million$2.88 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Farmland Partners (NYSE:FPI)
2017 EPS Consensus Estimate: $0.44
2018 EPS Consensus Estimate: $0.56
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.08$0.08$0.08
Q2 20171$0.05$0.05$0.05
Q3 20171$0.09$0.09$0.09
Q4 20171$0.22$0.22$0.22
Q1 20181$0.09$0.09$0.09
Q2 20181$0.10$0.10$0.10
Q3 20181$0.11$0.11$0.11
Q4 20181$0.26$0.26$0.26
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Farmland Partners (NYSE:FPI)
Most Recent Dividend:10/13/2017
Annual Dividend:$0.51
Dividend Yield:5.60%
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 Payments by Quarter for Farmland Partners (NYSE:FPI)

Dividend History by Quarter for Farmland Partners (NYSE FPI)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/20/2017Quarterly$0.136.09%9/29/201710/2/201710/13/2017
5/30/2017$0.136/28/20176/30/20177/14/2017
2/23/2017quarterly$0.134.46%3/29/20174/1/20174/14/2017
11/3/2016quarterly$0.135.06%12/28/20161/2/20171/13/2017
8/5/2016quarterly$0.134.35%9/28/20169/30/201610/14/2016
5/10/2016quarterly$0.134.57%6/29/20167/1/20167/15/2016
3/16/2016quarterly$0.134.76%3/30/20164/1/20164/15/2016
11/24/2015quarterly$0.134.61%12/30/20151/4/20161/15/2016
8/13/2015quarterly$0.134.72%9/29/201510/1/201510/15/2015
6/4/2015quarterly$0.134.62%6/29/20157/1/20157/15/2015
3/2/2015quarterly$0.124.12%3/30/20154/1/20154/15/2015
11/20/2014quarterly$0.124.26%12/30/20141/2/20151/15/2015
8/12/2014quarterly$0.113.85%9/29/201410/1/201410/15/2014
5/20/2014quarterly$0.116/27/20147/1/20147/15/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Farmland Partners (NYSE:FPI)
Insider Ownership Percentage: 2.76%
Institutional Ownership Percentage: 39.80%
Insider Trades by Quarter for Farmland Partners (NYSE:FPI)
Institutional Ownership by Quarter for Farmland Partners (NYSE:FPI)
Insider Trades by Quarter for Farmland Partners (NYSE:FPI)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/18/2017Paul A PittmanChairmanBuy3,000$8.40$25,200.00View SEC Filing  
8/17/2017Erica BorensteinGeneral CounselBuy3,000$8.45$25,350.00View SEC Filing  
8/17/2017Luca FabbriCFOBuy2,000$8.45$16,900.00View SEC Filing  
6/16/2017Paul A PittmanCEOBuy5,000$8.99$44,950.00View SEC Filing  
6/15/2017Erica BorensteinGeneral CounselBuy2,000$9.05$18,100.00View SEC Filing  
5/30/2017Dennie Dixon BoardmanDirectorSell65,422$9.84$643,752.48View SEC Filing  
5/22/2017Paul A PittmanCEOBuy2,200$9.76$21,472.00View SEC Filing  
5/18/2017Erica BorensteinGeneral CounselBuy2,000$9.59$19,180.00View SEC Filing  
5/16/2017Dennie Dixon BoardmanDirectorSell1,483$9.96$14,770.68View SEC Filing  
5/16/2017Paul A PittmanCEOBuy2,500$10.00$25,000.00View SEC Filing  
5/15/2017Paul A PittmanCEOBuy2,000$10.25$20,500.00View SEC Filing  
5/12/2017Paul A PittmanCEOBuy2,000$10.25$20,500.00View SEC Filing  
5/11/2017Paul A PittmanCEOBuy2,000$10.35$20,700.00View SEC Filing  
4/17/2017Chris A DowneyDirectorBuy502$11.14$5,592.28View SEC Filing  
3/28/2017Paul A PittmanCEOBuy1,000$10.90$10,900.00View SEC Filing  
3/13/2017Erica BorensteinGeneral CounselBuy1,000$10.50$10,500.00View SEC Filing  
3/9/2017Paul A PittmanCEOBuy2,000$10.70$21,400.00View SEC Filing  
3/3/2017Erica BorensteinGeneral CounselBuy1,000$11.00$11,000.00View SEC Filing  
3/3/2017Paul A PittmanCEOBuy600$11.00$6,600.00View SEC Filing  
3/1/2017John C ConradDirectorBuy500$11.34$5,670.00View SEC Filing  
2/28/2017Paul A PittmanCEOBuy1,200$11.34$13,608.00View SEC Filing  
2/27/2017Paul A PittmanCEOBuy1,000$11.45$11,450.00View SEC Filing  
8/29/2016Paul A PittmanInsiderBuy33,600$10.42$350,112.00View SEC Filing  
8/24/2015Paul A. PittmanCEOBuy1,000$10.26$10,260.00View SEC Filing  
3/31/2015Paul A PittmanCEOBuy2,000$11.64$23,280.00View SEC Filing  
3/30/2015Paul A PittmanCEOBuy1,101$11.58$12,749.58View SEC Filing  
3/9/2015Paul A PittmanCEOBuy1,500$11.00$16,500.00View SEC Filing  
10/31/2014Paul A PittmanCEOBuy1,000$10.40$10,400.00View SEC Filing  
9/30/2014Paul A PittmanCEOBuy1,000$10.95$10,950.00View SEC Filing  
8/26/2014Paul A PittmanCEOBuy5,550$11.51$63,880.50View SEC Filing  
8/21/2014Paul A PittmanCEOBuy1,950$11.66$22,737.00View SEC Filing  
8/20/2014Paul A PittmanCEOBuy8,000$11.15$89,200.00View SEC Filing  
8/18/2014Dean JerniganDirectorBuy10,000$11.32$113,200.00View SEC Filing  
8/15/2014Chris A DowneyDirectorBuy20,000$10.75$215,000.00View SEC Filing  
8/15/2014Luca FabbriCFOBuy2,000$10.75$21,500.00View SEC Filing  
6/10/2014Paul A PittmanCEOBuy1,800$13.00$23,400.00View SEC Filing  
6/6/2014Paul A PittmanCEOBuy1,000$13.11$13,110.00View SEC Filing  
6/5/2014Paul A PittmanCEOBuy2,000$13.06$26,120.00View SEC Filing  
6/4/2014Paul A PittmanCEOBuy2,000$13.15$26,300.00View SEC Filing  
(Data available from 1/1/2013 forward)

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Farmland Partners (FPI) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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