Farmland Partners (NYSE:FPI) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Farmland Partners Inc. (NYSE:FPI) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.86 and traded as low as $10.57. Farmland Partners shares last traded at $10.5890, with a volume of 276,583 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on FPI shares. Raymond James Financial reaffirmed a “market perform” rating on shares of Farmland Partners in a research report on Thursday, March 12th. B. Riley Financial reiterated a “neutral” rating on shares of Farmland Partners in a research report on Thursday, February 19th. Zacks Research raised Farmland Partners from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Wall Street Zen downgraded Farmland Partners from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Finally, Weiss Ratings raised Farmland Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Farmland Partners has a consensus rating of “Moderate Buy”.

Farmland Partners Price Performance

The company’s 50-day moving average price is $11.70 and its two-hundred day moving average price is $10.86. The company has a market capitalization of $461.86 million, a price-to-earnings ratio of 18.26 and a beta of 0.68.

Farmland Partners (NYSE:FPI) last released its earnings results on Wednesday, April 29th. The financial services provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Farmland Partners had a net margin of 57.94% and a return on equity of 6.48%. The firm had revenue of $10.10 million during the quarter, compared to analyst estimates of $5.67 million. Farmland Partners has set its FY 2026 guidance at 0.300-0.350 EPS. On average, equities research analysts expect that Farmland Partners Inc. will post 0.31 EPS for the current fiscal year.

Farmland Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, July 1st. This represents a $0.36 annualized dividend and a dividend yield of 3.4%. Farmland Partners’s dividend payout ratio is presently 62.07%.

Institutional Investors Weigh In On Farmland Partners

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

Farmland Partners Company Profile

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.