John Good Acquires 3,000 Shares of Farmland Partners (NYSE:FPI) Stock

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

Farmland Partners Stock Up 1.7%

NYSE:FPI opened at $10.41 on Thursday. Farmland Partners Inc. has a twelve month low of $9.36 and a twelve month high of $12.87. The stock’s 50-day simple moving average is $9.97 and its 200 day simple moving average is $10.68. The firm has a market capitalization of $448.80 million, a PE ratio of 8.68 and a beta of 0.76.

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

Farmland Partners Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nuveen LLC acquired a new position in Farmland Partners in the first quarter valued at approximately $1,158,000. Summit Asset Management LLC bought a new stake in shares of Farmland Partners in the 2nd quarter valued at $1,122,000. Hsbc Holdings PLC bought a new position in Farmland Partners during the first quarter worth $179,000. State of Wyoming grew its holdings in Farmland Partners by 976.7% in the first quarter. State of Wyoming now owns 48,203 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 43,726 shares during the period. Finally, Los Angeles Capital Management LLC grew its stake in shares of Farmland Partners by 56.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 222,349 shares of the financial services provider’s stock valued at $2,559,000 after buying an additional 80,200 shares during the period. Institutional investors and hedge funds own 58.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on FPI. Wall Street Zen downgraded shares of Farmland Partners from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Farmland Partners in a report on Monday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

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.