Farmland Partners Inc (NYSE:FPI) CEO Paul A. Pittman acquired 3,000 shares of the firm’s stock in a transaction dated Friday, August 31st. The stock was bought at an average price of $7.10 per share, with a total value of $21,300.00. Following the acquisition, the chief executive officer now directly owns 1,213,243 shares in the company, valued at $8,614,025.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Farmland Partners stock traded down $0.05 during midday trading on Friday, reaching $6.68. 75 shares of the company’s stock were exchanged, compared to its average volume of 311,532. Farmland Partners Inc has a 52 week low of $5.15 and a 52 week high of $9.68. The stock has a market capitalization of $223.17 million and a P/E ratio of 18.58.

Farmland Partners (NYSE:FPI) last posted its quarterly earnings results on Wednesday, August 8th. The financial services provider reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). Farmland Partners had a return on equity of 2.52% and a net margin of 18.22%. The business had revenue of $11.42 million for the quarter, compared to the consensus estimate of $12.23 million. sell-side analysts anticipate that Farmland Partners Inc will post 0.29 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Monday, October 1st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Friday, September 28th. Farmland Partners’s payout ratio is currently 141.67%.

Several brokerages have recently weighed in on FPI. ValuEngine upgraded Farmland Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 29th. Zacks Investment Research cut Farmland Partners from a “hold” rating to a “sell” rating in a report on Monday, July 16th. B. Riley upgraded Farmland Partners from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $8.50 to $8.00 in a report on Thursday, July 12th. Finally, Raymond James upgraded Farmland Partners from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 18th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.63.

A number of institutional investors have recently bought and sold shares of FPI. TIAA CREF Investment Management LLC grew its holdings in Farmland Partners by 19.0% during the fourth quarter. TIAA CREF Investment Management LLC now owns 98,369 shares of the financial services provider’s stock worth $854,000 after purchasing an additional 15,677 shares during the period. MetLife Investment Advisors LLC bought a new position in Farmland Partners during the fourth quarter worth about $115,000. Global Alpha Capital Management Ltd. grew its holdings in Farmland Partners by 41.2% during the first quarter. Global Alpha Capital Management Ltd. now owns 1,410,325 shares of the financial services provider’s stock worth $11,776,000 after purchasing an additional 411,200 shares during the period. Barclays PLC lifted its position in Farmland Partners by 95.1% during the first quarter. Barclays PLC now owns 18,530 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 9,034 shares during the last quarter. Finally, Hilltop Holdings Inc. acquired a new stake in Farmland Partners during the first quarter worth approximately $1,021,000. Institutional investors and hedge funds own 53.56% of the company’s stock.

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 the date of this release, the Company owns over 165,000 acres in 17 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota, Texas and Virginia.

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Insider Buying and Selling by Quarter for Farmland Partners (NYSE:FPI)

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