Farmland Partners (FPI) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $12.10 to $12.27
• 50-Day Range: $10.11 to $12.37
• 52-Week Range: $9.70 to $13.12
• Volume: 465,645 shs
• Average Volume: 334,902 shs
• Market Capitalization: $586.71 million
• P/E Ratio: 43.50
• Dividend Yield: 1.97%
• Price Target: $15.00
• Consensus Rating: Buy

Farmland Partners Stock Analysis - MarketRank™

Farmland Partners scored higher than 25% of companies evaluated by MarketBeat, and ranked 849th out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Farmland Partners has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Farmland Partners has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: -11.11%

Earnings Growth

Earnings for Farmland Partners are expected to decrease by -11.11% in the coming year, from $0.18 to $0.16 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Farmland Partners is 43.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of Farmland Partners is 43.50, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 25.81.

Price to Book Value per Share Ratio

Farmland Partners has a P/B Ratio of 1.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.08% of the outstanding shares of Farmland Partners have been sold short.

Short Interest Ratio / Days to Cover

Farmland Partners has a short interest ratio ("days to cover") of 11.2, which indicates bearish sentiment.

Change versus previous month

Short interest in Farmland Partners has recently decreased by 2.01%, indicating that investor sentiment is improving.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Farmland Partners pays a meaningful dividend of 1.97%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Farmland Partners does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Farmland Partners is 85.71%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Farmland Partners will have a dividend payout ratio of 150.00% in the coming year. This indicates that Farmland Partners may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.08% of the outstanding shares of Farmland Partners have been sold short.

Short Interest Ratio / Days to Cover

Farmland Partners has a short interest ratio ("days to cover") of 11.2, which indicates bearish sentiment.

Change versus previous month

Short interest in Farmland Partners has recently decreased by 2.01%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: N/A

News Sentiment

Farmland Partners has a news sentiment score of 0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Farmland Partners this week, compared to 2 articles on an average week.

Search Interest

Only 4 people have searched for FPI on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Farmland Partners insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 8.30% of the stock of Farmland Partners is held by insiders.

Percentage Held by Institutions

58.00% of the stock of Farmland Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FPI Stock Analysis - Frequently Asked Questions

How have FPI shares performed this year?

Farmland Partners' stock was trading at $12.48 at the beginning of the year. Since then, FPI shares have decreased by 2.4% and is now trading at $12.18.
View the best growth stocks for 2024 here.

How were Farmland Partners' earnings last quarter?

Farmland Partners Inc. (NYSE:FPI) issued its quarterly earnings results on Wednesday, July, 24th. The financial services provider reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by $0.07. The financial services provider earned $11.45 million during the quarter, compared to analysts' expectations of $11.84 million. Farmland Partners had a net margin of 31.68% and a trailing twelve-month return on equity of 3.53%.

Who are Farmland Partners' major shareholders?

Top institutional investors of Farmland Partners include Massachusetts Financial Services Co. MA (7.62%), Global Alpha Capital Management Ltd. (6.44%), State Street Corp (2.36%) and Geode Capital Management LLC (2.36%). Insiders that own company stock include Paul A Pittman, Luca Fabbri, Murray R Wise and John A Good.
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.

What other stocks do shareholders of Farmland Partners own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Farmland Partners investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), JPMorgan Chase & Co. (JPM), Advanced Micro Devices (AMD), Netflix (NFLX) and Walmart (WMT).

Company Calendar

• Last Earnings: 7/24/2024
• Ex-Dividend for 10/15 Dividend: 10/01/2024
• Dividend Payable: 10/15/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024
• Ex-Dividend for 1/15 Dividend: 1/02/2025
• Dividend Payable: 1/15/2025
• Next Earnings (Estimated): 2/26/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• Current Symbol: NYSE:FPI
• CUSIP: N/A
• CIK: 1591670
• Web: www.farmlandpartners.com
• Phone: (720) 452-3100
• Fax: 720-398-3238
• 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: +23.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.28
• Trailing P/E Ratio: 43.50
• Forward P/E Ratio: 67.67
• P/E Growth: N/A
• Net Income: $30.91 million
• Net Margins: 31.68%
• Pretax Margin: 32.54%
• Return on Equity: 3.53%
• Return on Assets: 1.80%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.10
• Quick Ratio: 0.10

Sales & Book Value

• Annual Sales: $57.47 million
• Price / Sales: 10.21
• Cash Flow: $0.82 per share
• Price / Cash Flow: 14.94
• Book Value: $10.78 per share
• Price / Book: 1.13

Miscellaneous

• Outstanding Shares: 48,170,000
• Free Float: 44,175,000
• Market Cap: $586.71 million
• Optionable: Optionable
• Beta: 0.69