Farmland Partners (NYSE:FPI - Get Free Report) is projected to post its Q4 2024 quarterly earnings results after the market closes on Wednesday, February 19th. Analysts expect Farmland Partners to post earnings of $0.17 per share and revenue of $20.29 million for the quarter. Farmland Partners has set its FY 2025 guidance at 0.250-0.300 EPS.Individual that wish to register for the company's earnings conference call can do so using this link.
Farmland Partners (NYSE:FPI - Get Free Report) last released 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. The business had revenue of $21.47 million for the quarter, compared to the consensus estimate of $20.29 million. Farmland Partners had a net margin of 102.89% and a return on equity of 11.47%.
Farmland Partners Stock Performance
Shares of Farmland Partners stock traded down $0.11 during midday trading on Friday, reaching $12.41. 437,019 shares of the company's stock traded hands, compared to its average volume of 253,048. The company has a market cap of $597.55 million, a price-to-earnings ratio of 12.41 and a beta of 0.69. The company's 50 day simple moving average is $11.77 and its 200 day simple moving average is $11.31. Farmland Partners has a 52 week low of $9.70 and a 52 week high of $12.87.
Farmland Partners Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.24 annualized dividend and a yield of 1.93%. Farmland Partners's dividend payout ratio (DPR) is presently 24.00%.
Insider Buying and Selling
In other news, Director John A. Good bought 15,000 shares of the company's stock in a transaction that occurred 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 acquisition, the director now directly owns 101,465 shares of the company's stock, valued at $1,240,916.95. The trade was 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. Insiders own 8.30% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of Farmland Partners from a "hold" rating to a "sell" rating in a report on Thursday.
Get Our Latest Stock Report on Farmland Partners
About Farmland Partners
(
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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.
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