Wall Street analysts expect that Farmland Partners Inc (NYSE:FPI) will report $0.22 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Farmland Partners’ earnings. Farmland Partners also reported earnings of $0.22 per share during the same quarter last year. The business is scheduled to report its next quarterly earnings results on Wednesday, March 11th.
On average, analysts expect that Farmland Partners will report full-year earnings of $0.08 per share for the current year. For the next fiscal year, analysts anticipate that the company will post earnings of $0.19 per share. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Farmland Partners.
Farmland Partners (NYSE:FPI) last posted its quarterly earnings data on Monday, November 11th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08). Farmland Partners had a return on equity of 2.74% and a net margin of 16.85%. The company had revenue of $9.85 million for the quarter, compared to the consensus estimate of $12.03 million.
Several equities research analysts have commented on the stock. ValuEngine cut shares of Farmland Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. B. Riley reaffirmed a “hold” rating and set a $7.00 price objective on shares of Farmland Partners in a report on Thursday, November 21st. Finally, Zacks Investment Research lowered Farmland Partners from a “hold” rating to a “strong sell” rating in a report on Monday, November 25th.
A number of large investors have recently modified their holdings of FPI. Wiley BROS. Aintree Capital LLC purchased a new position in Farmland Partners in the 3rd quarter worth $67,000. Cubist Systematic Strategies LLC acquired a new position in Farmland Partners during the second quarter worth $80,000. SG Americas Securities LLC acquired a new stake in Farmland Partners during the 2nd quarter worth approximately $105,000. Jane Street Group LLC purchased a new position in Farmland Partners in the second quarter valued at $220,000. Finally, Sawtooth Solutions LLC raised its holdings in Farmland Partners by 77.4% in the second quarter. Sawtooth Solutions LLC now owns 31,922 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 13,925 shares in the last quarter. Institutional investors own 50.18% of the company’s stock.
Shares of NYSE FPI opened at $6.60 on Thursday. Farmland Partners has a 1-year low of $4.45 and a 1-year high of $7.22. The company has a market cap of $196.72 million, a PE ratio of 81.75 and a beta of 0.75. The company has a 50-day moving average of $6.62 and a two-hundred day moving average of $6.48.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Monday, December 30th. Farmland Partners’s dividend payout ratio is 83.33%.
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 the date of this release, the Company owns approximately 162,000 acres in 17 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota, Texas and Virginia.
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