Farmland Partners (NYSE:FPI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Farmland Partners (NYSE:FPI) from a sell rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded Farmland Partners from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Farmland Partners Stock Performance

FPI stock opened at $11.16 on Friday. Farmland Partners has a fifty-two week low of $9.21 and a fifty-two week high of $13.23. The company has a market capitalization of $487.13 million, a price-to-earnings ratio of 21.89 and a beta of 0.68. The business’s 50 day moving average price is $10.38 and its two-hundred day moving average price is $10.45.

Farmland Partners (NYSE:FPI) last released its earnings results on Wednesday, July 29th. The financial services provider reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. Farmland Partners had a return on equity of 5.54% and a net margin of 49.85%.The company had revenue of $9.40 million during the quarter, compared to analysts’ expectations of $5.64 million. Farmland Partners has set its FY 2026 guidance at 0.310-0.350 EPS. Sell-side analysts forecast that Farmland Partners will post 0.23 earnings per share for the current year.

Farmland Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.2%. Farmland Partners’s dividend payout ratio (DPR) is currently 70.59%.

Institutional Trading of Farmland Partners

A number of hedge funds have recently made changes to their positions in FPI. Pinnacle Holdings LLC purchased a new stake in shares of Farmland Partners in the 2nd quarter worth approximately $31,000. Legal & General Group Plc purchased a new position in Farmland Partners during the second quarter valued at $39,000. Integrated Wealth Concepts LLC bought a new stake in Farmland Partners in the second quarter worth $53,000. Global Trust Asset Management LLC bought a new stake in Farmland Partners in the first quarter worth $56,000. Finally, State of Wyoming purchased a new stake in shares of Farmland Partners in the first quarter worth $79,000. 58.00% of the stock is owned by institutional investors.

Farmland Partners Company Profile

Farmland Partners Inc (NYSE:FPI) is a publicly traded real estate investment trust that owns and manages farmland in the United States. The company generates revenue primarily by leasing its properties to farmers and agricultural operators under a range of lease arrangements.

Its portfolio includes farms used to produce a variety of crops, including row crops such as corn, soybeans, wheat and cotton, as well as specialty crops in select markets. Farmland Partners seeks to acquire, manage and lease agricultural properties while working with tenants to support the productive use of the land.

Founded in 2013 and headquartered in Denver, Colorado, the company has built a geographically diversified portfolio across multiple U.S.