Raymond James Financial Reiterates Market Perform Rating for Farmland Partners (NYSE:FPI)

Farmland Partners (NYSE:FPI)‘s stock had its “market perform” rating reaffirmed by equities researchers at Raymond James Financial in a research report issued on Thursday,Benzinga reports.

A number of other analysts also recently commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Farmland Partners in a research report on Monday, December 29th. B. Riley Financial reaffirmed a “neutral” rating on shares of Farmland Partners in a research report on Thursday, February 19th. Finally, Wall Street Zen raised shares of Farmland Partners from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Farmland Partners Price Performance

FPI opened at $12.51 on Thursday. Farmland Partners has a fifty-two week low of $9.36 and a fifty-two week high of $13.23. The firm has a market capitalization of $544.47 million, a P/E ratio of 20.84 and a beta of 0.75. The company’s 50-day moving average is $11.47 and its 200 day moving average is $10.68.

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

Insider Buying and Selling at Farmland Partners

In other news, Director John A. Good acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was bought at an average price of $10.20 per share, with a total value of $30,600.00. Following the acquisition, the director owned 15,100 shares in the company, valued at $154,020. The trade was a 24.79% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 8.30% of the company’s stock.

Hedge Funds Weigh In On Farmland Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FPI. Squarepoint Ops LLC purchased a new position in Farmland Partners in the 2nd quarter valued at approximately $626,000. Jupiter Asset Management Ltd. purchased a new stake in Farmland Partners during the 3rd quarter worth about $3,525,000. Denali Advisors LLC purchased a new position in Farmland Partners during the 3rd quarter valued at about $636,000. Fox Run Management L.L.C. purchased a new position in Farmland Partners during the 2nd quarter valued at about $343,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Farmland Partners during the second quarter valued at about $443,000. 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.