Insider Buying: Farmland Partners (NYSE:FPI) Director Purchases $30,600.00 in Stock

Farmland Partners Inc. (NYSE:FPI) Director John Good bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was purchased at an average price of $10.20 per share, with a total value of $30,600.00. Following the completion of the purchase, the director directly owned 15,100 shares of the company’s stock, valued at $154,020. This represents a 24.79% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Farmland Partners Stock Performance

Shares of FPI stock opened at $10.39 on Friday. The firm has a fifty day moving average of $9.97 and a 200-day moving average of $10.68. The stock has a market cap of $447.81 million, a price-to-earnings ratio of 8.66 and a beta of 0.76. Farmland Partners Inc. has a 52-week low of $9.36 and a 52-week high of $12.87.

Farmland Partners (NYSE:FPI) last posted its earnings results on Wednesday, October 29th. The financial services provider reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Farmland Partners had a net margin of 130.10% and a return on equity of 14.37%. The business had revenue of $11.25 million for the quarter, compared to analysts’ expectations of $10.59 million. Farmland Partners has set its FY 2025 guidance at 0.320-0.360 EPS. On average, sell-side analysts predict that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Announces Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd will be given a $0.20 dividend. The ex-dividend date is Tuesday, December 23rd. Farmland Partners’s dividend payout ratio is 20.00%.

Analysts Set New Price Targets

A number of brokerages have issued reports on FPI. Weiss Ratings reissued a “hold (c-)” rating on shares of Farmland Partners in a report on Monday. Wall Street Zen cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Farmland Partners has a consensus rating of “Hold”.

Hedge Funds Weigh In On Farmland Partners

A number of institutional investors and hedge funds have recently bought and sold shares of FPI. Jupiter Asset Management Ltd. acquired a new position in Farmland Partners during the 3rd quarter worth $3,525,000. Accordant Advisory Group Inc raised its position in shares of Farmland Partners by 26.3% during the second quarter. Accordant Advisory Group Inc now owns 1,145,016 shares of the financial services provider’s stock worth $13,179,000 after acquiring an additional 238,453 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Farmland Partners by 73.9% during the third quarter. JPMorgan Chase & Co. now owns 509,394 shares of the financial services provider’s stock worth $5,542,000 after acquiring an additional 216,544 shares during the last quarter. Man Group plc acquired a new position in shares of Farmland Partners during the third quarter valued at $1,561,000. Finally, Jane Street Group LLC bought a new position in Farmland Partners in the first quarter valued at about $1,404,000. Institutional investors and hedge funds own 58.00% of the company’s stock.

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.