Farmland Partners (NYSE:FPI) Sets New 1-Year High – Here’s Why

Farmland Partners Inc. (NYSE:FPI) shares hit a new 52-week high on Tuesday . The stock traded as high as $12.42 and last traded at $12.3840, with a volume of 224194 shares trading hands. The stock had previously closed at $12.30.

Analyst Upgrades and Downgrades

Several research firms have commented on FPI. B. Riley Financial reissued 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 note on Monday, December 29th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Farmland Partners presently has a consensus rating of “Hold”.

Farmland Partners Stock Up 0.1%

The company has a 50-day moving average price of $10.88 and a 200-day moving average price of $10.55. The company has a market capitalization of $564.69 million, a price-to-earnings ratio of 21.62 and a beta of 0.79.

Farmland Partners (NYSE:FPI) last announced its earnings results on Wednesday, February 18th. The financial services provider reported $0.43 earnings per share for the quarter, beating the consensus estimate 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. Equities analysts expect that Farmland Partners Inc. will post 0.13 EPS for the current fiscal year.

Farmland Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.8%. This is an increase 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 presently 60.00%.

Insider Buying and Selling

In related news, Director John A. Good purchased 3,000 shares of the firm’s stock in a transaction on 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 transaction, the director directly owned 15,100 shares of the company’s stock, valued at approximately $154,020. This trade represents a 24.79% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 8.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Farmland Partners

Hedge funds have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV grew its position in Farmland Partners by 94.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 115,077 shares of the financial services provider’s stock worth $1,115,000 after buying an additional 55,915 shares in the last quarter. Tudor Investment Corp ET AL lifted its position in shares of Farmland Partners by 6.6% in the 4th quarter. Tudor Investment Corp ET AL now owns 261,729 shares of the financial services provider’s stock worth $2,536,000 after acquiring an additional 16,275 shares during the period. Millennium Management LLC grew its holdings in shares of Farmland Partners by 28.0% during the 4th quarter. Millennium Management LLC now owns 123,579 shares of the financial services provider’s stock worth $1,197,000 after purchasing an additional 27,065 shares in the last quarter. Engineers Gate Manager LP grew its holdings in shares of Farmland Partners by 88.0% during the 4th quarter. Engineers Gate Manager LP now owns 39,380 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 18,431 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Farmland Partners during the fourth quarter valued at approximately $145,000. Institutional investors own 58.00% of the company’s stock.

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.