Farmland Partners (NYSE:FPI) Director Purchases $19,776.00 in Stock

Farmland Partners Inc. (NYSE:FPI) Director Jennifer Grafton bought 1,600 shares of the stock in a transaction on Tuesday, February 24th. The shares were bought at an average price of $12.36 per share, for a total transaction of $19,776.00. Following the completion of the transaction, the director directly owned 13,600 shares of the company’s stock, valued at $168,096. This trade represents a 13.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Farmland Partners Trading Up 0.1%

FPI stock opened at $12.97 on Friday. The firm has a 50 day moving average of $10.93 and a 200-day moving average of $10.56. The company has a market cap of $564.71 million, a price-to-earnings ratio of 21.62 and a beta of 0.79. Farmland Partners Inc. has a 12-month low of $9.36 and a 12-month high of $13.03.

Farmland Partners (NYSE:FPI) last released its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.23. The firm had revenue of $20.72 million during the quarter, compared to the consensus estimate of $17.14 million. Farmland Partners had a return on equity of 6.67% and a net margin of 60.46%.Farmland Partners has set its FY 2026 guidance at 0.330-0.370 EPS. Sell-side analysts forecast that Farmland Partners Inc. will post 0.13 earnings per share for the current fiscal year.

Farmland Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.09 per share. This is a boost from Farmland Partners’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.36 annualized dividend and a dividend yield of 2.8%. Farmland Partners’s dividend payout ratio is presently 40.00%.

Institutional Investors Weigh In On Farmland Partners

Institutional investors have recently bought and sold shares of the stock. Strengthening Families & Communities LLC purchased a new position in Farmland Partners during the fourth quarter worth approximately $27,000. Advisory Services Network LLC acquired a new stake in shares of Farmland Partners during the 3rd quarter worth $29,000. Pinnacle Holdings LLC acquired a new stake in shares of Farmland Partners during the 4th quarter worth $31,000. Oakworth Capital Inc. purchased a new position in shares of Farmland Partners in the 3rd quarter worth $34,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Farmland Partners by 218.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 2,886 shares during the last quarter. 58.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FPI has been the subject of a number of research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Farmland Partners in a research report on Monday, December 29th. B. Riley Financial reissued a “neutral” rating on shares of Farmland Partners in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

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.