Farmland Partners (NYSE:FPI) Director John Good Purchases 3,000 Shares

Farmland Partners Inc. (NYSE:FPI) Director John Good purchased 3,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were bought at an average price of $10.20 per share, with a total value of $30,600.00. Following the purchase, the director owned 15,100 shares in the company, valued at $154,020. This represents a 24.79% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Farmland Partners Price Performance

Shares of FPI stock traded up $0.18 during trading on Tuesday, reaching $10.25. The company had a trading volume of 575,162 shares, compared to its average volume of 410,825. The firm’s 50 day simple moving average is $9.98 and its two-hundred day simple moving average is $10.69. Farmland Partners Inc. has a one year low of $9.36 and a one year high of $12.87. The company has a market capitalization of $441.56 million, a PE ratio of 8.54 and a beta of 0.76.

Farmland Partners (NYSE:FPI) last announced its earnings results on Wednesday, October 29th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Farmland Partners had a return on equity of 14.37% and a net margin of 130.10%.The firm had revenue of $11.25 million during the quarter, compared to analysts’ expectations of $10.59 million. Farmland Partners has set its FY 2025 guidance at 0.320-0.360 EPS. Analysts forecast that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Announces Dividend

The company also recently announced a special dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 23rd will be paid a $0.20 dividend. The ex-dividend date is Tuesday, December 23rd. Farmland Partners’s dividend payout ratio (DPR) is presently 20.00%.

Analysts Set New Price Targets

A number of research firms have weighed in on FPI. Wall Street Zen lowered shares of Farmland Partners from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Farmland Partners in a research report on Monday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Hedge Funds Weigh In On Farmland Partners

Large investors have recently bought and sold shares of the stock. Nuveen LLC bought a new stake in shares of Farmland Partners in the 1st quarter worth approximately $1,158,000. Summit Asset Management LLC acquired a new position in shares of Farmland Partners in the second quarter valued at $1,122,000. Hsbc Holdings PLC bought a new position in Farmland Partners in the first quarter worth $179,000. State of Wyoming boosted its stake in Farmland Partners by 976.7% during the first quarter. State of Wyoming now owns 48,203 shares of the financial services provider’s stock worth $537,000 after buying an additional 43,726 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in Farmland Partners by 56.4% during the second quarter. Los Angeles Capital Management LLC now owns 222,349 shares of the financial services provider’s stock worth $2,559,000 after buying an additional 80,200 shares in the last quarter. 58.00% of the stock is currently owned by institutional investors and hedge funds.

About Farmland Partners

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 December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.