Farmland Partners (NYSE:FPI) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Farmland Partners (NYSE:FPI) from a hold rating to a sell rating in a report released on Saturday morning.

Farmland Partners Trading Down 0.4%

FPI stock opened at $10.89 on Friday. Farmland Partners has a one year low of $9.66 and a one year high of $12.87. The firm has a market capitalization of $488.85 million, a PE ratio of 8.92 and a beta of 0.89. The firm has a 50-day moving average of $10.90 and a two-hundred day moving average of $10.85.

Farmland Partners (NYSE:FPI) last posted its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Farmland Partners had a net margin of 127.59% and a return on equity of 14.18%. The firm had revenue of $6.02 million for the quarter, compared to analysts’ expectations of $9.50 million. Farmland Partners has set its FY 2025 guidance at 0.280-0.340 EPS. On average, equities research analysts anticipate that Farmland Partners will post 0.13 earnings per share for the current year.

Farmland Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $0.24 dividend on an annualized basis and a yield of 2.2%. Farmland Partners’s dividend payout ratio is currently 19.67%.

Institutional Trading of Farmland Partners

A number of hedge funds have recently bought and sold shares of the company. Arbor Capital Management Inc. ADV lifted its position in shares of Farmland Partners by 3.2% in the first quarter. Arbor Capital Management Inc. ADV now owns 34,382 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 1,063 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Farmland Partners by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,230 shares of the financial services provider’s stock worth $297,000 after purchasing an additional 1,064 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Farmland Partners by 3.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 37,865 shares of the financial services provider’s stock worth $422,000 after purchasing an additional 1,300 shares in the last quarter. Annex Advisory Services LLC lifted its position in shares of Farmland Partners by 1.5% in the first quarter. Annex Advisory Services LLC now owns 102,483 shares of the financial services provider’s stock worth $1,143,000 after purchasing an additional 1,550 shares in the last quarter. Finally, Well Done LLC lifted its position in shares of Farmland Partners by 14.8% in the second quarter. Well Done LLC now owns 12,244 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 1,574 shares in the last quarter. 58.00% of the stock is owned by hedge funds and other institutional investors.

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.