Farmland Partners (NYSE:FPI) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Farmland Partners Inc. (NYSE:FPI) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.86 and traded as low as $10.57. Farmland Partners shares last traded at $10.5890, with a volume of 276,583 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FPI. Raymond James Financial reaffirmed a “market perform” rating on shares of Farmland Partners in a report on Thursday, March 12th. Wall Street Zen lowered Farmland Partners from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Weiss Ratings raised Farmland Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. B. Riley Financial reaffirmed a “neutral” rating on shares of Farmland Partners in a report on Thursday, February 19th. Finally, Zacks Research raised Farmland Partners from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Farmland Partners has a consensus rating of “Moderate Buy”.

Farmland Partners Trading Up 0.1%

The company has a market cap of $461.89 million, a price-to-earnings ratio of 18.26 and a beta of 0.68. The company has a fifty day moving average price of $11.70 and a two-hundred day moving average price of $10.86.

Farmland Partners (NYSE:FPI) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). Farmland Partners had a return on equity of 6.48% and a net margin of 57.94%.The firm had revenue of $10.10 million for the quarter, compared to analyst estimates of $5.67 million. Farmland Partners has set its FY 2026 guidance at 0.300-0.350 EPS. Sell-side analysts anticipate that Farmland Partners Inc. will post 0.31 EPS for the current fiscal year.

Farmland Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Farmland Partners’s dividend payout ratio (DPR) is presently 62.07%.

Institutional Trading of Farmland Partners

Institutional investors have recently modified their holdings of the company. Strengthening Families & Communities LLC acquired a new stake in shares of Farmland Partners during the 4th quarter worth approximately $27,000. Advisory Services Network LLC acquired a new stake in shares of Farmland Partners during the 3rd quarter worth approximately $29,000. Pinnacle Holdings LLC acquired a new stake in shares of Farmland Partners during the 4th quarter worth approximately $31,000. Oakworth Capital Inc. acquired a new stake in shares of Farmland Partners during the 3rd quarter worth approximately $34,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Farmland Partners by 218.1% during the 2nd 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 in the last quarter. Institutional investors and hedge funds 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.