Farmland Partners (NYSE:FPI) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Farmland Partners Inc. (NYSE:FPI)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.93 and traded as high as $10.71. Farmland Partners shares last traded at $10.6950, with a volume of 306,276 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Farmland Partners in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Farmland Partners currently has a consensus rating of “Hold”.

Farmland Partners Stock Performance

The stock has a 50 day moving average price of $9.96 and a 200 day moving average price of $10.44. The company has a market cap of $463.54 million, a P/E ratio of 8.96 and a beta of 0.75.

Farmland Partners (NYSE:FPI) last released its earnings results on Wednesday, October 29th. The financial services provider reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $11.25 million during the quarter, compared to analyst estimates of $10.59 million. Farmland Partners had a net margin of 130.10% and a return on equity of 14.37%. Farmland Partners has set its FY 2025 guidance at 0.320-0.360 EPS. As a group, equities research analysts predict that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, December 23rd. Farmland Partners’s payout ratio is presently 20.00%.

Insider Activity at Farmland Partners

In other news, Director John A. Good purchased 3,000 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were acquired at an average price of $10.20 per share, for a total transaction of $30,600.00. Following the completion of the acquisition, the director directly owned 15,100 shares of the company’s stock, valued at $154,020. The trade was a 24.79% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 8.30% of the stock is currently owned by insiders.

Institutional Trading of Farmland Partners

Hedge funds have recently made changes to their positions in the stock. Ameritas Advisory Services LLC acquired a new position in shares of Farmland Partners in the second quarter worth $28,000. Advisory Services Network LLC acquired a new stake in shares of Farmland Partners in the third quarter worth about $29,000. Oakworth Capital Inc. acquired a new stake in Farmland Partners in the 3rd quarter worth approximately $34,000. Gables Capital Management Inc. bought a new stake in Farmland Partners during the second quarter worth approximately $40,000. Finally, Tower Research Capital LLC TRC boosted its position in Farmland Partners by 218.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 2,886 shares during the period. 58.00% of the stock is owned by hedge funds and other institutional investors.

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.