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

Farmland Partners (NYSE:FPI) released its earnings results on Wednesday. The financial services provider reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01, Zacks reports. Farmland Partners had a return on equity of 6.48% and a net margin of 57.94%. Farmland Partners updated its FY 2026 guidance to 0.310-0.350 EPS.

Farmland Partners Trading Down 0.4%

NYSE FPI traded down $0.04 during trading hours on Wednesday, reaching $9.51. The company’s stock had a trading volume of 396,991 shares, compared to its average volume of 475,374. The business has a 50-day simple moving average of $9.90 and a 200 day simple moving average of $10.89. Farmland Partners has a 52 week low of $9.36 and a 52 week high of $13.23. The stock has a market cap of $414.75 million, a PE ratio of 16.40 and a beta of 0.67.

Institutional Trading of Farmland Partners

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Farmland Partners by 94.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 115,077 shares of the financial services provider’s stock worth $1,115,000 after purchasing an additional 55,915 shares during the last quarter. Tudor Investment Corp ET AL grew its stake in Farmland Partners by 6.6% during the 4th quarter. Tudor Investment Corp ET AL now owns 261,729 shares of the financial services provider’s stock worth $2,536,000 after buying an additional 16,275 shares during the last quarter. Millennium Management LLC increased its position in Farmland Partners by 28.0% in the fourth quarter. Millennium Management LLC now owns 123,579 shares of the financial services provider’s stock worth $1,197,000 after buying an additional 27,065 shares during the period. Engineers Gate Manager LP increased its position in Farmland Partners by 88.0% in the fourth quarter. Engineers Gate Manager LP now owns 39,380 shares of the financial services provider’s stock worth $382,000 after buying an additional 18,431 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Farmland Partners in the fourth quarter valued at $145,000. 58.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FPI. Weiss Ratings cut shares of Farmland Partners from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Zacks Research downgraded shares of Farmland Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus 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.