Farmland Partners (NYSE:FPI) Updates FY 2025 Earnings Guidance

Farmland Partners (NYSE:FPI) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.250-0.300 for the period, compared to the consensus earnings per share estimate of 0.200. The company issued revenue guidance of $46.5 million-$48.1 million, compared to the consensus revenue estimate of $47.2 million.

Farmland Partners Trading Up 0.0 %

Shares of NYSE:FPI traded up $0.01 on Friday, reaching $12.52. 78,330 shares of the company’s stock were exchanged, compared to its average volume of 242,344. The company has a fifty day moving average of $11.77 and a 200-day moving average of $11.31. Farmland Partners has a twelve month low of $9.70 and a twelve month high of $12.87. The company has a market capitalization of $602.85 million, a price-to-earnings ratio of 12.48 and a beta of 0.69.

Farmland Partners (NYSE:FPI) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Farmland Partners had a net margin of 102.89% and a return on equity of 11.47%. The company had revenue of $21.47 million during the quarter, compared to the consensus estimate of $20.29 million. As a group, equities research analysts forecast that Farmland Partners will post 0.13 EPS for the current fiscal year.

Farmland Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, April 1st. Farmland Partners’s payout ratio is currently 24.00%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Farmland Partners from a “hold” rating to a “sell” rating in a research note on Thursday.

Insider Transactions at Farmland Partners

In other Farmland Partners news, Director John A. Good acquired 15,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of $12.23 per share, with a total value of $183,450.00. Following the completion of the purchase, the director now owns 101,465 shares of the company’s stock, valued at approximately $1,240,916.95. This represents a 17.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.30% of the stock is currently owned by corporate insiders.

Farmland Partners Company Profile

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.