Farmland Partners (NYSE:FPI) issued its earnings results on Monday. The financial services provider reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.08), Fidelity Earnings reports. Farmland Partners had a return on equity of 5.13% and a net margin of 30.75%. The company had revenue of $9.85 million for the quarter, compared to the consensus estimate of $12.03 million.
FPI stock traded down $0.21 during trading on Tuesday, hitting $6.44. 4,162 shares of the company’s stock traded hands, compared to its average volume of 96,259. Farmland Partners has a 52 week low of $4.45 and a 52 week high of $7.61. The business has a fifty day simple moving average of $6.59 and a 200 day simple moving average of $6.47. The stock has a market capitalization of $200.41 million, a price-to-earnings ratio of 26.88 and a beta of 0.77.
Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, October 9th. ValuEngine upgraded shares of Farmland Partners from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 6th.
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 approximately 162,000 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.
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