Farmland Partners (NYSE:FPI) Downgraded to Sell Rating by StockNews.com

StockNews.com lowered shares of Farmland Partners (NYSE:FPI) from a hold rating to a sell rating in a research note released on Thursday.

Farmland Partners Trading Down 0.8 %

Shares of FPI stock opened at $12.41 on Thursday. Farmland Partners has a 1-year low of $9.70 and a 1-year high of $12.87. The company has a market capitalization of $597.59 million, a price-to-earnings ratio of 12.41 and a beta of 0.69. The stock’s fifty day simple moving average is $11.77 and its 200-day simple moving average is $11.33.

Farmland Partners (NYSE:FPI) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Farmland Partners had a return on equity of 11.47% and a net margin of 102.89%. The business had revenue of $21.47 million for the quarter, compared to the consensus estimate of $20.29 million. On average, sell-side analysts predict that Farmland Partners will post 0.13 EPS for the current year.

Farmland Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $0.06 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.24 dividend on an annualized basis and a yield of 1.93%. Farmland Partners’s dividend payout ratio (DPR) is currently 24.00%.

Insider Buying and Selling at Farmland Partners

In other news, Director John A. Good bought 15,000 shares of the stock in a transaction on Thursday, December 19th. The shares were purchased at an average price of $12.23 per share, for a total transaction of $183,450.00. Following the completion of the purchase, the director now directly owns 101,465 shares of the company’s stock, valued at $1,240,916.95. This trade represents a 17.35 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 8.30% of the company’s stock.

Institutional Trading of Farmland Partners

Large investors have recently made changes to their positions in the stock. Stifel Financial Corp boosted its stake in shares of Farmland Partners by 130.0% during the 3rd quarter. Stifel Financial Corp now owns 111,254 shares of the financial services provider’s stock worth $1,163,000 after acquiring an additional 62,875 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Farmland Partners by 27.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 125,695 shares of the financial services provider’s stock worth $1,314,000 after acquiring an additional 27,373 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Farmland Partners by 67.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 56,439 shares of the financial services provider’s stock worth $730,000 after acquiring an additional 22,774 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Farmland Partners by 5.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 370,291 shares of the financial services provider’s stock worth $3,870,000 after acquiring an additional 19,805 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Farmland Partners by 221.7% during the 3rd quarter. Barclays PLC now owns 68,150 shares of the financial services provider’s stock worth $712,000 after acquiring an additional 46,968 shares in the last quarter. Institutional investors own 58.00% 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.