Farmland Partners (NYSE:FPI – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.190-0.260 for the period, compared to the consensus EPS estimate of 0.200. The company issued revenue guidance of -.
Farmland Partners Stock Performance
NYSE FPI traded down $0.04 on Tuesday, hitting $10.75. The stock had a trading volume of 268,135 shares, compared to its average volume of 336,150. The firm has a 50-day moving average of $10.88 and a 200-day moving average of $11.39. The company has a market capitalization of $517.61 million, a price-to-earnings ratio of 20.69 and a beta of 0.75. Farmland Partners has a 52-week low of $9.95 and a 52-week high of $13.27.
Farmland Partners Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, March 28th. Farmland Partners’s dividend payout ratio is 46.15%.
Wall Street Analyst Weigh In
About Farmland Partners
Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.
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