Farmland Partners Inc. (FPI) To Go Ex-Dividend on October 1st

Farmland Partners Inc. (NYSE:FPI) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Thursday, October 1st will be paid a dividend of 0.09 per share by the financial services provider on Thursday, October 15th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, October 1st.

Farmland Partners has increased its dividend payment by an average of 0.2%annually over the last three years. Farmland Partners has a payout ratio of 225.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Farmland Partners to earn $0.28 per share next year, which means the company may not be able to cover its $0.36 annual dividend with an expected future payout ratio of 128.6%.

Farmland Partners Trading Down 0.4%

FPI opened at $9.51 on Thursday. The firm’s 50 day simple moving average is $9.88 and its two-hundred day simple moving average is $10.88. The company has a market capitalization 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 (NYSE:FPI) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Farmland Partners had a net margin of 57.94% and a return on equity of 6.48%. The firm had revenue of $5.71 million during the quarter, compared to the consensus estimate of $5.64 million. Farmland Partners has set its FY 2026 guidance at 0.310-0.350 EPS. Equities analysts forecast that Farmland Partners will post 0.26 earnings per share for the current fiscal year.

Institutional Trading of Farmland Partners

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in shares of Farmland Partners by 73.9% in the third quarter. JPMorgan Chase & Co. now owns 509,394 shares of the financial services provider’s stock worth $5,542,000 after buying an additional 216,544 shares in the last quarter. Tudor Investment Corp ET AL increased its stake in Farmland Partners by 25.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 245,454 shares of the financial services provider’s stock worth $2,671,000 after acquiring an additional 49,157 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Farmland Partners during the 1st quarter worth approximately $1,556,000. Accordant Advisory Group Inc boosted its position in shares of Farmland Partners by 14.7% during the 4th quarter. Accordant Advisory Group Inc now owns 1,337,831 shares of the financial services provider’s stock valued at $12,964,000 after acquiring an additional 171,813 shares during the last quarter. Finally, Denali Advisors LLC grew its holdings in shares of Farmland Partners by 98.5% in the fourth quarter. Denali Advisors LLC now owns 116,113 shares of the financial services provider’s stock valued at $1,125,000 after purchasing an additional 57,613 shares in the last quarter. Hedge funds and other 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.