Farmland Partners (NYSE:FPI) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Farmland Partners Inc. (NYSE:FPI) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.82 and traded as low as $9.74. Farmland Partners shares last traded at $9.7650, with a volume of 290,362 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently weighed in on FPI shares. Weiss Ratings upgraded shares of Farmland Partners from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday. Zacks Research downgraded Farmland Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Farmland Partners Trading Up 2.1%

The company has a market cap of $434.16 million, a PE ratio of 19.51 and a beta of 0.67. The stock has a 50 day moving average price of $9.72 and a 200 day moving average price of $10.81.

Farmland Partners (NYSE:FPI) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. The company had revenue of $9.40 million for the quarter, compared to analyst estimates of $5.64 million. Farmland Partners had a return on equity of 5.54% and a net margin of 49.85%.Farmland Partners has set its FY 2026 guidance at 0.310-0.350 EPS. Equities analysts expect that Farmland Partners Inc. will post 0.26 EPS for the current fiscal year.

Farmland Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Thursday, October 1st. Farmland Partners’s payout ratio is 70.59%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Farmland Partners by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,322 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 1,092 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Farmland Partners in the first quarter worth about $174,000. Jane Street Group LLC bought a new position in shares of Farmland Partners during the first quarter valued at approximately $1,404,000. Strs Ohio bought a new position in shares of Farmland Partners during the first quarter valued at approximately $96,000. Finally, Cetera Investment Advisers increased its stake in shares of Farmland Partners by 6.5% during the second quarter. Cetera Investment Advisers now owns 33,898 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 2,057 shares in the last quarter. 58.00% of the stock is currently owned by institutional investors.

Farmland Partners Company Profile

Farmland Partners Inc is a real estate investment trust (REIT) that acquires and manages high-quality farmland in the United States. The company’s primary business activity is the ownership of agricultural land, which it leases to farmers under various rental arrangements designed to generate stable cash rents and long-term capital appreciation. By focusing on farmland as a real asset, the company seeks to benefit from rising global demand for food, fiber and renewable fuels.

Founded in 2013 and headquartered in Scottsdale, Arizona, Farmland Partners completed its initial public offering in June 2017 and began trading on the New York Stock Exchange under the ticker FPI.