Farmland Partners (NYSE:FPI) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Farmland Partners (NYSE:FPI) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01, Zacks reports. Farmland Partners had a net margin of 57.94% and a return on equity of 6.48%. The company had revenue of $5.71 million during the quarter, compared to the consensus estimate of $5.64 million. Farmland Partners updated its FY 2026 guidance to 0.310-0.350 EPS.

Farmland Partners Trading Down 0.4%

Shares of Farmland Partners stock opened at $9.51 on Thursday. The company has a 50 day moving average of $9.88 and a 200-day moving average of $10.88. The company has a market cap of $414.78 million, a PE ratio of 16.40 and a beta of 0.67. Farmland Partners has a 1-year low of $9.36 and a 1-year high of $13.23.

Farmland Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, October 1st. Farmland Partners’s dividend payout ratio is 62.07%.

Analyst Ratings Changes

A number of brokerages recently weighed in on FPI. Weiss Ratings lowered shares of Farmland Partners from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Zacks Research downgraded Farmland Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Farmland Partners currently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FPI. Marshall Wace LLP raised its stake in Farmland Partners by 181.0% during the fourth quarter. Marshall Wace LLP now owns 443,151 shares of the financial services provider’s stock worth $4,294,000 after acquiring an additional 285,440 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Farmland Partners by 383.9% during the 4th quarter. Jane Street Group LLC now owns 279,739 shares of the financial services provider’s stock valued at $2,711,000 after purchasing an additional 221,924 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Farmland Partners by 73.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 509,394 shares of the financial services provider’s stock valued at $5,542,000 after purchasing an additional 216,544 shares during the last quarter. Man Group plc acquired a new position in Farmland Partners during the 3rd quarter worth approximately $1,561,000. Finally, ExodusPoint Capital Management LP lifted its stake in Farmland Partners by 171.3% in the 4th quarter. ExodusPoint Capital Management LP now owns 123,877 shares of the financial services provider’s stock valued at $1,200,000 after purchasing an additional 78,209 shares during the last quarter. Institutional investors 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.