Farmland Partners (NYSE:FPI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Farmland Partners (NYSE:FPI) from a sell rating to a hold rating in a research report released on Saturday morning.

Several other equities analysts also recently weighed in on FPI. B. Riley Financial restated 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 report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Farmland Partners Stock Down 0.1%

FPI stock opened at $12.42 on Friday. Farmland Partners has a 52 week low of $9.36 and a 52 week high of $13.23. The firm has a 50-day simple moving average of $11.35 and a 200-day simple moving average of $10.66. The stock has a market capitalization of $540.85 million, a P/E ratio of 20.70 and a beta of 0.75.

Farmland Partners (NYSE:FPI) last issued its quarterly 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. Farmland Partners had a net margin of 60.46% and a return on equity of 6.67%. The firm had revenue of $20.72 million for the quarter, compared to analyst estimates of $17.14 million. Farmland Partners has set its FY 2026 guidance at 0.330-0.370 EPS. On average, analysts expect that Farmland Partners will post 0.13 earnings per share for the current 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 given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, April 1st. This is a boost from Farmland Partners’s previous quarterly dividend of $0.06. Farmland Partners’s dividend payout ratio is presently 40.00%.

Insider Buying and Selling

In other Farmland Partners news, Director John A. Good acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were purchased at an average cost of $10.20 per share, for a total transaction of $30,600.00. Following the completion of the acquisition, the director owned 15,100 shares of the company’s stock, valued at approximately $154,020. The trade was a 24.79% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 7.70% of the company’s stock.

Institutional Investors Weigh In On Farmland Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strengthening Families & Communities LLC acquired a new position in shares of Farmland Partners in the 4th quarter valued at $27,000. Advisory Services Network LLC acquired a new stake in shares of Farmland Partners during the 3rd quarter worth about $29,000. Pinnacle Holdings LLC purchased a new stake in Farmland Partners in the 4th quarter valued at about $31,000. Oakworth Capital Inc. acquired a new position in Farmland Partners in the third quarter valued at about $34,000. Finally, Tower Research Capital LLC TRC boosted its stake in Farmland Partners by 218.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the financial services provider’s stock worth $48,000 after buying an additional 2,886 shares during the period. Hedge funds and other institutional investors own 58.00% of the company’s stock.

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.