Farmland Partners (NYSE:FPI) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Farmland Partners (NYSE:FPI) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02, Zacks reports. Farmland Partners had a return on equity of 3.53% and a net margin of 31.68%. Farmland Partners updated its FY 2025 guidance to 0.250-0.300 EPS.

Farmland Partners Trading Down 0.7 %

Shares of FPI stock traded down $0.08 during trading hours on Wednesday, reaching $11.66. The stock had a trading volume of 230,875 shares, compared to its average volume of 232,070. The stock’s fifty day simple moving average is $11.79 and its 200 day simple moving average is $11.29. The firm has a market capitalization of $561.66 million, a PE ratio of 41.64 and a beta of 0.69. Farmland Partners has a 12 month low of $9.70 and a 12 month high of $12.85.

Farmland Partners Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were paid a $1.15 dividend. This is a positive change from Farmland Partners’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, December 23rd. Farmland Partners’s payout ratio is currently 85.71%.

Insider Buying and Selling

In related news, Director John A. Good acquired 15,000 shares of the stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $12.23 per share, for a total transaction of $183,450.00. Following the transaction, the director now owns 101,465 shares in the company, valued at $1,240,916.95. This represents a 17.35 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 9.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Farmland Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th.

About Farmland Partners

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.