Farmland Partners (NYSE:FPI) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Farmland Partners Inc. (NYSE:FPI) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.90 and traded as low as $9.63. Farmland Partners shares last traded at $9.6810, with a volume of 243,769 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Weiss Ratings lowered shares of Farmland Partners from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Zacks Research downgraded Farmland Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Farmland Partners Stock Performance

The firm has a 50 day moving average price of $9.93 and a 200-day moving average price of $10.89. The company has a market cap of $418.53 million, a P/E ratio of 16.54 and a beta of 0.67.

Farmland Partners (NYSE:FPI) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $10.10 million during the quarter, compared to the consensus estimate of $5.67 million. Farmland Partners had a net margin of 57.94% and a return on equity of 6.48%. Farmland Partners has set its FY 2026 guidance at 0.300-0.350 EPS. On average, sell-side analysts forecast that Farmland Partners Inc. will post 0.26 EPS for the current fiscal year.

Farmland Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, July 1st. Farmland Partners’s payout ratio is currently 62.07%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new position in shares of Farmland Partners in the third quarter valued at $29,000. Strengthening Families & Communities LLC bought a new stake in shares of Farmland Partners during the fourth quarter worth $27,000. Pinnacle Holdings LLC bought a new stake in Farmland Partners during the 4th quarter worth about $31,000. Tower Research Capital LLC TRC increased its holdings in shares of Farmland Partners by 218.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 2,886 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Farmland Partners in the 1st quarter valued at $56,000. Institutional investors and hedge funds own 58.00% of the company’s stock.

Farmland Partners Company Profile

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.