Farmland Partners (NYSE:FPI) Stock Rating Upgraded by Wall Street Zen

Farmland Partners (NYSE:FPI) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised Farmland Partners from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Farmland Partners Trading Up 0.2%

Shares of NYSE:FPI opened at $11.26 on Friday. The stock has a market capitalization of $491.32 million, a P/E ratio of 22.08 and a beta of 0.68. The stock’s 50-day moving average price is $10.34 and its 200-day moving average price is $10.45. Farmland Partners has a 12-month low of $9.21 and a 12-month high of $13.23.

Farmland Partners (NYSE:FPI) last released its earnings results on Wednesday, July 29th. The financial services provider reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $9.40 million during the quarter, compared to analyst estimates of $5.64 million. Farmland Partners had a return on equity of 5.54% and a net margin of 49.85%.Farmland Partners has set its FY 2026 guidance at 0.310-0.350 EPS. As a group, research analysts predict that Farmland Partners will post 0.23 EPS for the current year.

Institutional Trading of Farmland Partners

Institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Farmland Partners in the 2nd quarter worth approximately $40,290,000. Deutsche Bank AG bought a new stake in shares of Farmland Partners in the 2nd quarter worth approximately $9,101,000. Man Group plc purchased a new position in shares of Farmland Partners during the second quarter valued at approximately $2,756,000. Bank of New York Mellon Corp purchased a new position in shares of Farmland Partners during the second quarter valued at approximately $2,663,000. Finally, Cauble & Harre Wealth Management Inc. bought a new position in shares of Farmland Partners during the second quarter valued at approximately $1,837,000. 58.00% of the stock is currently owned by hedge funds and other institutional investors.

About Farmland Partners

Farmland Partners Inc (NYSE:FPI) is a publicly traded real estate investment trust that owns and manages farmland in the United States. The company generates revenue primarily by leasing its properties to farmers and agricultural operators under a range of lease arrangements.

Its portfolio includes farms used to produce a variety of crops, including row crops such as corn, soybeans, wheat and cotton, as well as specialty crops in select markets. Farmland Partners seeks to acquire, manage and lease agricultural properties while working with tenants to support the productive use of the land.

Founded in 2013 and headquartered in Denver, Colorado, the company has built a geographically diversified portfolio across multiple U.S.