Farmland Partners (FPI) to Release Quarterly Earnings on Tuesday

Farmland Partners (NYSE:FPI) is set to post its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Farmland Partners to post earnings of $0.02 per share for the quarter.

Farmland Partners Stock Up 0.4 %

Farmland Partners stock traded up $0.04 during midday trading on Friday, hitting $10.80. 25,438 shares of the stock were exchanged, compared to its average volume of 334,775. Farmland Partners has a 52-week low of $9.95 and a 52-week high of $13.27. The stock has a market capitalization of $520.02 million, a price-to-earnings ratio of 20.77 and a beta of 0.75. The business’s 50-day moving average price is $10.91 and its 200-day moving average price is $11.38.

Farmland Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.22%. The ex-dividend date was Thursday, March 28th. Farmland Partners’s dividend payout ratio (DPR) is presently 46.15%.

Analysts Set New Price Targets

A number of research firms have weighed in on FPI. Roth Capital reiterated a “buy” rating on shares of Farmland Partners in a research note on Thursday, February 8th. StockNews.com upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a research note on Friday, March 8th.

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.