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NYSE:FPI

Farmland Partners (FPI) Stock Price, News & Analysis

$10.68
+0.09 (+0.85%)
(As of 05/30/2024 ET)
Today's Range
$10.61
$10.72
50-Day Range
$10.40
$11.48
52-Week Range
$9.95
$13.27
Volume
212,538 shs
Average Volume
262,222 shs
Market Capitalization
$514.46 million
P/E Ratio
20.94
Dividend Yield
2.25%
Price Target
$15.00

Farmland Partners MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
40.4% Upside
$15.00 Price Target
Short Interest
Bearish
6.98% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.11mentions of Farmland Partners in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
33.33%
From $0.15 to $0.20 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.27 out of 5 stars

Finance Sector

481st out of 888 stocks

Real Estate Investment Trusts Industry

91st out of 178 stocks

FPI stock logo

About Farmland Partners Stock (NYSE:FPI)

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. In addition, the Company owns land and buildings for four agriculture equipment dealerships in Ohio leased to Ag Pro under the John Deere brand. The Company has approximately 26 crop types and over 100 tenants. The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014.

FPI Stock Price History

FPI Stock News Headlines

Farmland Partners Names Susan Landi as CFO
Farmland Partners Appoints Susan Landi As CFO
Farmland Partners: Q1 Earnings Snapshot
Q4 2023 Farmland Partners Inc Earnings Call
7 Cheap Dividend Stocks to Roll the Dice With
Farmland Partners declares $0.06 dividend
See More Headlines
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Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 4/15 Dividend
3/28/2024
Dividend Payable
4/15/2024
Today
5/31/2024
Ex-Dividend for 7/15 Dividend
6/28/2024
Dividend Payable
7/15/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Employees
25
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$15.00
High Stock Price Target
$15.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+40.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$30.91 million
Pretax Margin
54.98%

Debt

Sales & Book Value

Annual Sales
$57.47 million
Cash Flow
$0.80 per share
Book Value
$10.93 per share

Miscellaneous

Free Float
44,169,000
Market Cap
$514.46 million
Optionable
Optionable
Beta
0.75
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FPI Stock Analysis - Frequently Asked Questions

Should I buy or sell Farmland Partners stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Farmland Partners in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FPI shares.
View FPI analyst ratings
or view top-rated stocks.

What is Farmland Partners' stock price target for 2024?

2 analysts have issued 12-month price targets for Farmland Partners' shares. Their FPI share price targets range from $15.00 to $15.00. On average, they expect the company's share price to reach $15.00 in the next year. This suggests a possible upside of 40.4% from the stock's current price.
View analysts price targets for FPI
or view top-rated stocks among Wall Street analysts.

How have FPI shares performed in 2024?

Farmland Partners' stock was trading at $12.48 at the start of the year. Since then, FPI shares have decreased by 14.4% and is now trading at $10.68.
View the best growth stocks for 2024 here
.

Are investors shorting Farmland Partners?

Farmland Partners saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,360,000 shares, an increase of 8.4% from the April 30th total of 3,100,000 shares. Based on an average trading volume of 315,000 shares, the days-to-cover ratio is currently 10.7 days.
View Farmland Partners' Short Interest
.

When is Farmland Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our FPI earnings forecast
.

How were Farmland Partners' earnings last quarter?

Farmland Partners Inc. (NYSE:FPI) issued its quarterly earnings results on Tuesday, May, 3rd. The financial services provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.03 by $0.05. Farmland Partners had a trailing twelve-month return on equity of 5.78% and a net margin of 53.91%. During the same period in the prior year, the firm posted ($0.05) EPS.

How often does Farmland Partners pay dividends? What is the dividend yield for Farmland Partners?

Farmland Partners declared a quarterly dividend on Tuesday, April 30th. Investors of record on Monday, July 1st will be paid a dividend of $0.06 per share on Monday, July 15th. This represents a $0.24 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Friday, June 28th.
Read our dividend analysis for FPI
.

Is Farmland Partners a good dividend stock?

Farmland Partners (NYSE:FPI) pays an annual dividend of $0.24 per share and currently has a dividend yield of 2.20%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 47.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, FPI will have a dividend payout ratio of 120.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for FPI.

What ETF holds Farmland Partners' stock?

Amplify Inflation Fighter ETF holds 13,456 shares of FPI stock, representing 1.88% of its portfolio.

What guidance has Farmland Partners issued on next quarter's earnings?

Farmland Partners issued an update on its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided EPS guidance of 0.190-0.260 for the period, compared to the consensus estimate of 0.200. The company issued revenue guidance of -.

What other stocks do shareholders of Farmland Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Farmland Partners investors own include Hawkins (HWKN), Iron Mountain (IRM), Gladstone Land (LAND), Enterprise Products Partners (EPD), Ladder Capital (LADR), New Residential Investment (NRZ), Realty Income (O), AT&T (T) and AGNC Investment (AGNC).

Who are Farmland Partners' major shareholders?

Farmland Partners' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.81%), Accordant Advisory Group Inc (1.03%), Garner Asset Management Corp (0.75%), Oppenheimer & Co. Inc. (0.65%), Raymond James Financial Services Advisors Inc. (0.65%) and BCGM Wealth Management LLC (0.54%). Insiders that own company stock include John A Good, Luca Fabbri, Murray R Wise and Paul A Pittman.
View institutional ownership trends
.

How do I buy shares of Farmland Partners?

Shares of FPI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:FPI) was last updated on 5/31/2024 by MarketBeat.com Staff

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