Farmland Partners (NYSE:FPI) Sets New 12-Month High – What’s Next?

Farmland Partners Inc. (NYSE:FPI) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $13.15 and last traded at $13.1050, with a volume of 320652 shares trading hands. The stock had previously closed at $13.04.

Analysts Set New Price Targets

Several research firms recently issued reports on FPI. B. Riley Financial reissued a “neutral” rating on shares of Farmland Partners in a research report on Thursday, February 19th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Farmland Partners in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Farmland Partners presently has a consensus rating of “Hold”.

Farmland Partners Stock Performance

The stock has a market cap of $568.55 million, a P/E ratio of 21.76 and a beta of 0.75. The company has a 50-day simple moving average of $10.99 and a 200-day simple moving average of $10.58.

Farmland Partners (NYSE:FPI) last announced its earnings results on Wednesday, February 18th. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.23. The company had revenue of $20.72 million during the quarter, compared to analyst estimates of $17.14 million. Farmland Partners had a return on equity of 6.67% and a net margin of 60.46%.Farmland Partners has set its FY 2026 guidance at 0.330-0.370 EPS. As a group, sell-side analysts expect that Farmland Partners Inc. will post 0.13 earnings per share for the current fiscal year.

Farmland Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.8%. This is a boost from Farmland Partners’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, April 1st. Farmland Partners’s payout ratio is currently 40.00%.

Insider Activity

In related news, Director John A. Good purchased 3,000 shares of Farmland Partners stock in a transaction dated Monday, December 15th. The shares were acquired at an average cost of $10.20 per share, for a total transaction of $30,600.00. Following the transaction, the director directly owned 15,100 shares of the company’s stock, valued at approximately $154,020. This trade represents a 24.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 7.70% of the company’s stock.

Hedge Funds Weigh In On Farmland Partners

Institutional investors and hedge funds have recently modified their holdings of the business. Intech Investment Management LLC boosted its stake in Farmland Partners by 5.5% in the 4th quarter. Intech Investment Management LLC now owns 19,276 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 1,004 shares during the period. Brookwood Investment Group LLC lifted its holdings in shares of Farmland Partners by 4.7% in the third quarter. Brookwood Investment Group LLC now owns 24,313 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 1,092 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Farmland Partners by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,322 shares of the financial services provider’s stock worth $293,000 after buying an additional 1,092 shares during the period. Kestra Advisory Services LLC grew its holdings in shares of Farmland Partners by 9.9% during the fourth quarter. Kestra Advisory Services LLC now owns 13,040 shares of the financial services provider’s stock worth $126,000 after buying an additional 1,171 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in Farmland Partners by 6.0% in the 4th quarter. State of Alaska Department of Revenue now owns 23,744 shares of the financial services provider’s stock valued at $228,000 after buying an additional 1,339 shares during the last quarter. 58.00% of the stock is currently owned by institutional investors and hedge funds.

About Farmland Partners

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.