Farmland Partners (NYSE:FPI) Issues Earnings Results, Beats Estimates By $0.02 EPS

Farmland Partners (NYSE:FPI) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02, Zacks reports. The firm had revenue of $21.47 million for the quarter, compared to analyst estimates of $20.29 million. Farmland Partners had a net margin of 102.89% and a return on equity of 11.47%. Farmland Partners updated its FY 2025 guidance to 0.250-0.300 EPS.

Farmland Partners Price Performance

Shares of NYSE FPI remained flat at $12.51 during trading hours on Friday. 89,472 shares of the company traded hands, compared to its average volume of 242,567. The stock has a market cap of $602.61 million, a price-to-earnings ratio of 12.51 and a beta of 0.69. Farmland Partners has a fifty-two week low of $9.70 and a fifty-two week high of $12.87. The business’s 50 day moving average is $11.77 and its 200 day moving average is $11.31.

Farmland Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, April 1st. Farmland Partners’s dividend payout ratio is 24.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Farmland Partners from a “hold” rating to a “sell” rating in a report on Thursday.

Insiders Place Their Bets

In other Farmland Partners news, Director John A. Good purchased 15,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of $12.23 per share, with a total value of $183,450.00. Following the transaction, the director now directly owns 101,465 shares in the company, valued at approximately $1,240,916.95. This represents a 17.35 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 8.30% of the company’s stock.

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.