Analysts expect Farmland Partners Inc. (NYSE:FPI) to post earnings per share (EPS) of $0.19 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Farmland Partners’ earnings. The lowest EPS estimate is $0.18 and the highest is $0.20. Farmland Partners posted earnings of $0.16 per share during the same quarter last year, which suggests a positive year over year growth rate of 18.8%. The business is expected to issue its next earnings report on Wednesday, March 16th.
On average, analysts expect that Farmland Partners will report full year earnings of ($0.01) per share for the current financial year, with EPS estimates ranging from ($0.05) to $0.03. For the next fiscal year, analysts forecast that the firm will post earnings of $0.38 per share, with EPS estimates ranging from $0.33 to $0.43. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Farmland Partners.
Farmland Partners (NYSE:FPI) last released its quarterly earnings results on Wednesday, October 27th. The financial services provider reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). Farmland Partners had a net margin of 0.05% and a negative return on equity of 0.82%. During the same quarter in the prior year, the company posted ($0.04) EPS.
In other news, Director John A. Good bought 5,825 shares of the company’s stock in a transaction that occurred on Thursday, September 30th. The shares were purchased at an average price of $12.10 per share, for a total transaction of $70,482.50. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders purchased a total of 8,825 shares of company stock worth $108,633 in the last quarter. Insiders own 13.60% of the company’s stock.
Several large investors have recently bought and sold shares of FPI. Goldman Sachs Group Inc. increased its holdings in shares of Farmland Partners by 7.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 66,530 shares of the financial services provider’s stock worth $746,000 after purchasing an additional 4,672 shares during the period. AQR Capital Management LLC bought a new position in shares of Farmland Partners during the 1st quarter worth about $161,000. Jane Street Group LLC bought a new position in shares of Farmland Partners during the 1st quarter worth about $365,000. Paloma Partners Management Co bought a new position in shares of Farmland Partners during the 1st quarter worth about $126,000. Finally, Virtu Financial LLC bought a new position in shares of Farmland Partners during the 1st quarter worth about $171,000. Institutional investors own 41.18% of the company’s stock.
Shares of Farmland Partners stock traded up $0.03 during midday trading on Friday, reaching $12.19. 175,874 shares of the company’s stock traded hands, compared to its average volume of 288,096. The company has a market cap of $400.08 million, a price-to-earnings ratio of -38.09 and a beta of 0.80. The company’s 50 day simple moving average is $12.14 and its 200 day simple moving average is $12.41. Farmland Partners has a 52 week low of $7.91 and a 52 week high of $14.85.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 18th. Investors of record on Monday, January 3rd will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, December 31st. This represents a $0.20 annualized dividend and a yield of 1.64%. Farmland Partners’s dividend payout ratio (DPR) is presently -62.50%.
About Farmland Partners
Farmland Partners, Inc operates as a real estate investment trust. The firm engages in the management and acquisition of farmland and land with agricultural development potential. Its property portfolio focuses on the primary crops, such as corn, soybeans, wheat, rice and cotton and the remaining land is used to grow specialty crops, such as almond, citrus, blueberries, vegetables and edible beans.
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