Wall Street analysts expect Farmland Partners Inc (NYSE:FPI) to announce $22.81 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Farmland Partners’ earnings, with estimates ranging from $21.96 million to $23.66 million. Farmland Partners reported sales of $15.56 million during the same quarter last year, which would suggest a positive year over year growth rate of 46.6%. The firm is expected to issue its next quarterly earnings report on Thursday, March 7th.

On average, analysts expect that Farmland Partners will report full year sales of $58.37 million for the current fiscal year, with estimates ranging from $57.92 million to $58.83 million. For the next fiscal year, analysts forecast that the firm will post sales of $57.98 million, with estimates ranging from $55.64 million to $60.32 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Farmland Partners.

Farmland Partners (NYSE:FPI) last announced its quarterly earnings results on Monday, November 5th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.02. Farmland Partners had a return on equity of 2.98% and a net margin of 20.85%. The company had revenue of $12.55 million during the quarter, compared to analyst estimates of $12.76 million.

A number of brokerages have issued reports on FPI. Zacks Investment Research upgraded Farmland Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. ValuEngine upgraded Farmland Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 14th. Finally, B. Riley lowered Farmland Partners from a “buy” rating to a “neutral” rating and set a $7.50 price target for the company. in a research report on Tuesday, November 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $8.25.

FPI stock traded down $0.44 during trading on Tuesday, reaching $6.22. 230,675 shares of the company’s stock were exchanged, compared to its average volume of 334,017. Farmland Partners has a 1-year low of $5.15 and a 1-year high of $9.68. The firm has a market capitalization of $206.32 million, a PE ratio of 17.28 and a beta of -0.05.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Tuesday, January 1st will be issued a $0.05 dividend. The ex-dividend date is Friday, December 28th. This represents a $0.20 annualized dividend and a dividend yield of 3.22%. Farmland Partners’s dividend payout ratio (DPR) is 55.56%.

In other news, CEO Paul A. Pittman acquired 6,457 shares of the business’s stock in a transaction dated Thursday, August 23rd. The stock was acquired at an average price of $6.66 per share, for a total transaction of $43,003.62. Following the completion of the acquisition, the chief executive officer now directly owns 1,210,243 shares in the company, valued at approximately $8,060,218.38. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Paul A. Pittman acquired 8,800 shares of the business’s stock in a transaction dated Wednesday, October 10th. The stock was purchased at an average price of $6.22 per share, with a total value of $54,736.00. Following the acquisition, the chief executive officer now owns 1,229,521 shares of the company’s stock, valued at $7,647,620.62. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 40,530 shares of company stock valued at $261,071. Insiders own 10.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Nissay Asset Management Corp Japan ADV acquired a new stake in shares of Farmland Partners in the third quarter valued at $112,000. Goelzer Investment Management Inc. acquired a new stake in shares of Farmland Partners in the third quarter valued at $129,000. Virtu Financial LLC lifted its holdings in shares of Farmland Partners by 90.4% in the third quarter. Virtu Financial LLC now owns 27,781 shares of the financial services provider’s stock valued at $186,000 after buying an additional 13,188 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of Farmland Partners by 375.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 35,771 shares of the financial services provider’s stock valued at $240,000 after buying an additional 28,240 shares during the period. Finally, Vertex One Asset Management Inc. acquired a new stake in shares of Farmland Partners in the third quarter valued at $470,000. Institutional investors and hedge funds own 52.08% 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 the date of this release, the Company owns approximately 162,000 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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Earnings History and Estimates for Farmland Partners (NYSE:FPI)

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