Farmland Partners (NYSE:FPI) Issues Quarterly Earnings Results

Farmland Partners (NYSE:FPI) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04, Zacks reports. The company had revenue of $9.40 million during the quarter, compared to analysts’ expectations of $5.64 million. Farmland Partners had a return on equity of 5.54% and a net margin of 49.85%. Farmland Partners updated its FY 2026 guidance to 0.310-0.350 EPS.

Farmland Partners Stock Up 0.6%

Shares of NYSE:FPI opened at $9.47 on Friday. The company has a market capitalization of $413.17 million, a price-to-earnings ratio of 18.62 and a beta of 0.67. The company has a 50 day moving average of $9.86 and a two-hundred day moving average of $10.88. Farmland Partners has a 52-week low of $9.21 and a 52-week high of $13.23.

Farmland Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Thursday, October 1st. Farmland Partners’s dividend payout ratio is currently 62.07%.

Analyst Ratings Changes

FPI has been the subject of a number of recent research reports. Weiss Ratings cut shares of Farmland Partners from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. Zacks Research cut shares of Farmland Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, Farmland Partners presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Farmland Partners

A number of large investors have recently added to or reduced their stakes in FPI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Farmland Partners by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,322 shares of the financial services provider’s stock valued at $293,000 after buying an additional 1,092 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Farmland Partners in the first quarter worth about $174,000. Jane Street Group LLC bought a new stake in Farmland Partners in the first quarter valued at about $1,404,000. Strs Ohio bought a new stake in Farmland Partners in the first quarter valued at about $96,000. Finally, Cetera Investment Advisers raised its stake in Farmland Partners by 6.5% during the second quarter. Cetera Investment Advisers now owns 33,898 shares of the financial services provider’s stock valued at $390,000 after buying an additional 2,057 shares in the last quarter. 58.00% of the stock is owned by institutional investors and hedge funds.

About Farmland Partners

Farmland Partners Inc is a real estate investment trust (REIT) that acquires and manages high-quality farmland in the United States. The company’s primary business activity is the ownership of agricultural land, which it leases to farmers under various rental arrangements designed to generate stable cash rents and long-term capital appreciation. By focusing on farmland as a real asset, the company seeks to benefit from rising global demand for food, fiber and renewable fuels.

Founded in 2013 and headquartered in Scottsdale, Arizona, Farmland Partners completed its initial public offering in June 2017 and began trading on the New York Stock Exchange under the ticker FPI.