Farmland Partners (NYSE:FPI) Reports Positive Quarterly Earnings Results

Farmland Partners (NYSE:FPI - Get Free Report) reported its quarterly earnings on Wednesday. The financial services provider posted earnings of $0.19 per share (EPS) for the quarter, exceeding the expected consensus estimate of $0.17 by $0.02, according to Zacks. The company achieved a return on equity of 3.53% and a notable net margin of 31.68%. Additionally, Farmland Partners revised its guidance for the fiscal year 2025, setting the EPS target between $0.250 and $0.300.

Farmland Partners Stock Performance

During trading hours on Wednesday, shares of Farmland Partners experienced a slight decline of 0.7%, reaching a price of $11.66. The trading volume for the day was 230,875 shares, which is similar to the average volume of 232,070 shares. The stock has a fifty-day simple moving average of $11.79 and a 200-day simple moving average of $11.29. With a market capitalization of $561.66 million, the stock holds a price-to-earnings (PE) ratio of 41.64 and a beta of 0.69. Over the past year, the stock has traded between a low of $9.70 and a high of $12.85.

Dividend Announcement

Recently, Farmland Partners announced a dividend which was distributed on January 8th. Investors who were recorded on December 23rd received a dividend of $1.15, representing a significant increase from the previous dividend of $0.13. The ex-dividend date for this distribution was also on December 23rd. The company's current payout ratio stands at 85.71%.

Insider Activity

In related news, Director John A. Good purchased 15,000 shares of the company's stock on December 19th. The acquisition was executed at an average share price of $12.23, totaling $183,450. Following this transaction, the director's total ownership in the company increased to 101,465 shares, valued at approximately $1,240,916.95. Insiders currently own 9.50% of the stock.

Analyst Ratings Update

In another development, StockNews.com upgraded Farmland Partners from a "sell" rating to a "hold" rating in a research note released on November 9th.

About Farmland Partners

Farmland Partners Inc is an internally managed real estate firm that specializes in acquiring high-quality farmland across North America and providing loans to farmers that are secured by real estate. As of December 31, 2023, the company manages approximately 171,100 acres located in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina, and Texas.

Earnings, Stock, Finance