Farmland Partners (NYSE:FPI) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Shares of Farmland Partners Inc. (NYSE:FPI) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.07 and traded as high as $11.07. Farmland Partners shares last traded at $10.9750, with a volume of 389,211 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Farmland Partners in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Farmland Partners presently has an average rating of “Hold”.

Farmland Partners Trading Up 0.1%

The firm has a 50 day moving average price of $10.07 and a two-hundred day moving average price of $10.42. The firm has a market capitalization of $473.02 million, a price-to-earnings ratio of 9.15 and a beta of 0.75.

Farmland Partners (NYSE:FPI) last posted its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $11.25 million for the quarter, compared to analyst estimates of $10.59 million. Farmland Partners had a return on equity of 14.37% and a net margin of 130.10%. As a group, research analysts forecast 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 was paid on Wednesday, January 7th. Investors of record on Tuesday, December 23rd were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, December 23rd. Farmland Partners’s dividend payout ratio (DPR) is currently 20.00%.

Insider Activity

In other news, Director John A. Good purchased 3,000 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average price of $10.20 per share, with a total value of $30,600.00. Following the purchase, the director owned 15,100 shares in the company, valued at $154,020. This represents a 24.79% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FPI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Farmland Partners by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,322 shares of the financial services provider’s stock valued at $293,000 after buying an additional 1,092 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Farmland Partners during the first quarter worth $174,000. Jane Street Group LLC acquired a new stake in Farmland Partners in the 1st quarter valued at approximately $1,404,000. Strs Ohio acquired a new position in shares of Farmland Partners during the 1st quarter worth approximately $96,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Farmland Partners by 4.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 39,631 shares of the financial services provider’s stock valued at $459,000 after buying an additional 1,646 shares during the last quarter. Institutional investors own 58.00% of the company’s stock.

About Farmland Partners

Farmland Partners Inc is a real estate investment trust (REIT) that acquires and manages high-quality farmland in the United States. The company’s primary business activity is the ownership of agricultural land, which it leases to farmers under various rental arrangements designed to generate stable cash rents and long-term capital appreciation. By focusing on farmland as a real asset, the company seeks to benefit from rising global demand for food, fiber and renewable fuels.

Founded in 2013 and headquartered in Scottsdale, Arizona, Farmland Partners completed its initial public offering in June 2017 and began trading on the New York Stock Exchange under the ticker FPI.