Jennifer Grafton Purchases 1,600 Shares of Farmland Partners (NYSE:FPI) Stock

Farmland Partners Inc. (NYSE:FPI) Director Jennifer Grafton acquired 1,600 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was purchased at an average price of $12.36 per share, for a total transaction of $19,776.00. Following the completion of the purchase, the director directly owned 13,600 shares in the company, valued at $168,096. This trade represents a 13.33% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Farmland Partners Stock Up 2.6%

FPI opened at $12.95 on Thursday. The firm has a 50-day moving average price of $10.88 and a 200-day moving average price of $10.55. Farmland Partners Inc. has a twelve month low of $9.36 and a twelve month high of $13.00. The company has a market capitalization of $563.63 million, a price-to-earnings ratio of 21.58 and a beta of 0.79.

Farmland Partners (NYSE:FPI) last released its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.20 by $0.23. Farmland Partners had a net margin of 60.46% and a return on equity of 6.67%. The company had revenue of $20.72 million during the quarter, compared to the consensus estimate of $17.14 million. Farmland Partners has set its FY 2026 guidance at 0.330-0.370 EPS. On average, 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 business 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 $0.09 dividend. 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 is Wednesday, April 1st. Farmland Partners’s dividend payout ratio (DPR) is presently 40.00%.

Institutional Trading of Farmland Partners

A number of large investors have recently modified their holdings of FPI. Strengthening Families & Communities LLC bought a new position in shares of Farmland Partners in the fourth quarter worth approximately $27,000. Advisory Services Network LLC purchased a new position in Farmland Partners in the 3rd quarter worth approximately $29,000. Pinnacle Holdings LLC bought a new position in shares of Farmland Partners in the 4th quarter worth $31,000. Oakworth Capital Inc. purchased a new stake in shares of Farmland Partners during the 3rd quarter valued at $34,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Farmland Partners by 218.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 2,886 shares during the last quarter. Institutional investors own 58.00% of the company’s stock.

Analysts Set New Price Targets

FPI has been the subject of a number of recent analyst reports. B. Riley Financial reaffirmed a “neutral” rating on shares of Farmland Partners in a report on Thursday, February 19th. Weiss Ratings restated a “hold (c-)” rating on shares of Farmland Partners in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

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.