Farmland Partners (NYSE:FPI) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Farmland Partners (NYSE:FPI) released its earnings results on Wednesday. The financial services provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02, Zacks reports. Farmland Partners had a net margin of 102.89% and a return on equity of 11.47%. The company had revenue of $21.47 million during the quarter, compared to the consensus estimate of $20.29 million. Farmland Partners updated its FY 2025 guidance to 0.250-0.300 EPS.

Farmland Partners Price Performance

FPI remained flat at $12.51 on Friday. 89,472 shares of the company were exchanged, compared to its average volume of 242,567. Farmland Partners has a 12-month low of $9.70 and a 12-month high of $12.87. The stock has a market cap of $602.61 million, a P/E ratio of 12.51 and a beta of 0.69. The firm has a 50 day moving average of $11.77 and a two-hundred day moving average of $11.31.

Farmland Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.24 annualized dividend and a dividend yield of 1.92%. Farmland Partners’s dividend payout ratio is presently 24.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Farmland Partners from a “hold” rating to a “sell” rating in a research note on Thursday.

Insider Activity

In other news, Director John A. Good acquired 15,000 shares of Farmland Partners stock in a transaction on Thursday, December 19th. The stock was bought at an average cost of $12.23 per share, with a total value of $183,450.00. Following the completion of the purchase, the director now owns 101,465 shares of the company’s stock, valued at $1,240,916.95. This represents a 17.35 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.30% of the stock is owned by insiders.

Farmland Partners Company Profile

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.