Farmland Partners (NYSE:FPI) Rating Lowered to Hold at Zacks Research

Farmland Partners (NYSE:FPI) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

FPI has been the topic of a number of other reports. Raymond James Financial restated a “market perform” rating on shares of Farmland Partners in a research note on Thursday, March 12th. B. Riley Financial reiterated a “neutral” rating on shares of Farmland Partners in a research report on Thursday, February 19th. Wall Street Zen downgraded shares of Farmland Partners from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Finally, Weiss Ratings upgraded shares of Farmland Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

Farmland Partners Trading Down 0.1%

FPI opened at $10.41 on Monday. The company’s 50 day moving average is $11.55 and its 200-day moving average is $10.87. Farmland Partners has a 1-year low of $9.36 and a 1-year high of $13.23. The company has a market cap of $454.13 million, a P/E ratio of 17.95 and a beta of 0.68.

Farmland Partners (NYSE:FPI) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Farmland Partners had a net margin of 57.94% and a return on equity of 6.48%. The company had revenue of $10.10 million during the quarter, compared to analyst estimates of $5.67 million. Farmland Partners has set its FY 2026 guidance at 0.300-0.350 EPS. On average, equities analysts forecast that Farmland Partners will post 0.31 EPS for the current year.

Institutional Investors Weigh In On Farmland Partners

Hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new stake in Farmland Partners during the 3rd quarter worth approximately $29,000. Strengthening Families & Communities LLC acquired a new position in shares of Farmland Partners in the 4th quarter worth approximately $27,000. Oakworth Capital Inc. acquired a new position in shares of Farmland Partners in the 3rd quarter worth approximately $34,000. Pinnacle Holdings LLC acquired a new position in shares of Farmland Partners in the 4th quarter worth approximately $31,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Farmland Partners by 218.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 2,886 shares during the period. 58.00% of the stock is currently owned by institutional investors and hedge funds.

About Farmland Partners

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.