Farmland Partners (NYSE:FPI) Sets New 1-Year High – Should You Buy?

Shares of Farmland Partners Inc. (NYSE:FPI) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $13.15 and last traded at $13.1050, with a volume of 320652 shares trading hands. The stock had previously closed at $13.04.

Analysts Set New Price Targets

Several research analysts have weighed in on FPI shares. B. Riley Financial reaffirmed a “neutral” rating on shares of Farmland Partners in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Farmland Partners in a research report on Monday, December 29th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Farmland Partners presently has an average rating of “Hold”.

Farmland Partners Stock Up 0.1%

The firm has a market capitalization of $568.55 million, a price-to-earnings ratio of 21.76 and a beta of 0.75. The company’s 50 day moving average is $10.99 and its 200 day moving average is $10.58.

Farmland Partners (NYSE:FPI) last released its earnings results on Wednesday, February 18th. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.23. The firm had revenue of $20.72 million during the quarter, compared to the consensus estimate of $17.14 million. Farmland Partners had a return on equity of 6.67% and a net margin of 60.46%.Farmland Partners has set its FY 2026 guidance at 0.330-0.370 EPS. On average, analysts expect that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.8%. This is a boost from Farmland Partners’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, April 1st. Farmland Partners’s payout ratio is 40.00%.

Insider Buying and Selling

In related news, Director John A. Good purchased 3,000 shares of Farmland Partners stock in a transaction dated Monday, December 15th. The shares were bought at an average cost of $10.20 per share, for a total transaction of $30,600.00. Following the purchase, the director owned 15,100 shares in the company, valued at approximately $154,020. This trade represents a 24.79% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.70% of the company’s stock.

Institutional Trading of Farmland Partners

A number of hedge funds have recently added to or reduced their stakes in FPI. Advisory Services Network LLC acquired a new position in shares of Farmland Partners during the third quarter worth $29,000. Strengthening Families & Communities LLC bought a new position in Farmland Partners in the fourth quarter valued at about $27,000. Oakworth Capital Inc. acquired a new stake in shares of Farmland Partners during the third quarter valued at about $34,000. Pinnacle Holdings LLC bought a new stake in shares of Farmland Partners during the fourth quarter worth about $31,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Farmland Partners by 218.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the financial services provider’s stock valued at $48,000 after buying an additional 2,886 shares during the period. Institutional investors and hedge funds own 58.00% of the company’s stock.

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.