Farmland Partners (NYSE:FPI) Announces Earnings Results

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

Farmland Partners Trading Down 0.0 %

Shares of Farmland Partners stock traded down $0.01 during trading on Friday, reaching $12.51. The stock had a trading volume of 147,573 shares, compared to its average volume of 244,388. The company has a market capitalization of $602.37 million, a price-to-earnings ratio of 12.51 and a beta of 0.69. The stock has a fifty day moving average price of $11.77 and a two-hundred day moving average price of $11.31. Farmland Partners has a 52 week low of $9.70 and a 52 week high of $12.87.

Farmland Partners Dividend Announcement

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 issued a $0.06 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.92%. Farmland Partners's dividend payout ratio (DPR) is 24.00%.

Insider Activity

In related 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 acquired at an average price of $12.23 per share, for a total transaction of $183,450.00. Following the completion of the acquisition, the director now owns 101,465 shares of the company's stock, valued at approximately $1,240,916.95. The trade was a 17.35 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.30% of the company's stock.

Analysts Set New Price Targets

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

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.