Farmland Partners (NYSE:FPI) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Farmland Partners (NYSE:FPI) released its quarterly earnings data on Wednesday. The financial services provider reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03), FiscalAI reports. The business had revenue of $10.10 million during the quarter, compared to analyst estimates of $5.67 million. Farmland Partners had a return on equity of 6.47% and a net margin of 57.94%. Farmland Partners updated its FY 2026 guidance to 0.300-0.350 EPS.

Farmland Partners Stock Performance

Shares of FPI traded down $0.03 during midday trading on Friday, hitting $10.73. 592,184 shares of the stock traded hands, compared to its average volume of 528,822. Farmland Partners has a 1-year low of $9.36 and a 1-year high of $13.23. The firm has a market capitalization of $467.92 million, a PE ratio of 18.49 and a beta of 0.83. The business’s 50 day moving average price is $11.80 and its two-hundred day moving average price is $10.85.

Farmland Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.36 annualized dividend and a dividend yield of 3.4%. Farmland Partners’s payout ratio is 62.07%.

Wall Street Analyst Weigh In

FPI has been the subject of a number of research reports. B. Riley Financial reaffirmed a “neutral” rating on shares of Farmland Partners in a report on Thursday, February 19th. Raymond James Financial reaffirmed a “market perform” rating on shares of Farmland Partners in a report on Thursday, March 12th. Wall Street Zen downgraded shares of Farmland Partners from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Finally, Zacks Research raised shares of Farmland Partners from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On Farmland Partners

Several hedge funds and other institutional investors have recently modified their holdings of FPI. Advisory Services Network LLC acquired a new position in shares of Farmland Partners during the third quarter valued at $29,000. Pinnacle Holdings LLC acquired a new position in shares of Farmland Partners during the fourth quarter valued at $31,000. Tower Research Capital LLC TRC boosted its holdings in shares of Farmland Partners by 218.1% during 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 period. Strs Ohio acquired a new position in shares of Farmland Partners during the first quarter valued at $96,000. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Farmland Partners by 9.9% during the fourth quarter. Kestra Advisory Services LLC now owns 13,040 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 1,171 shares during the period. Institutional investors and hedge funds 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.