Farmland Partners (NYSE:FPI) Sets New 1-Year High – Here’s What Happened

Farmland Partners Inc. (NYSE:FPI) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $12.42 and last traded at $12.3840, with a volume of 224194 shares traded. The stock had previously closed at $12.30.

Analyst Ratings Changes

Several analysts have recently weighed in on FPI shares. Weiss Ratings restated a “hold (c-)” rating on shares of Farmland Partners in a report on Monday, December 29th. B. Riley Financial reissued a “neutral” rating on shares of Farmland Partners in a report on Thursday. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Farmland Partners Price Performance

The firm has a market cap of $541.99 million, a price-to-earnings ratio of 20.76 and a beta of 0.79. The firm’s fifty day moving average is $10.78 and its 200-day moving average is $10.52.

Farmland Partners (NYSE:FPI) last announced its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.23. Farmland Partners had a return on equity of 6.67% and a net margin of 60.46%.The company had revenue of $20.72 million for the quarter, compared to the consensus estimate of $17.14 million. Farmland Partners has set its FY 2026 guidance at 0.330-0.370 EPS. As a group, equities research analysts anticipate that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.09 per share. This is an increase from Farmland Partners’s previous quarterly dividend of $0.06. This represents a $0.36 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Wednesday, April 1st. Farmland Partners’s dividend payout ratio (DPR) is currently 40.00%.

Insider Activity

In other news, Director John A. Good bought 3,000 shares of Farmland Partners stock in a transaction dated Monday, December 15th. The stock was bought at an average cost of $10.20 per share, for a total transaction of $30,600.00. Following the purchase, the director directly owned 15,100 shares in the company, valued at approximately $154,020. This represents a 24.79% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FPI. Squarepoint Ops LLC bought a new stake in Farmland Partners during the 2nd quarter valued at $626,000. Summit Asset Management LLC acquired a new position in shares of Farmland Partners during the second quarter valued at about $1,122,000. Jupiter Asset Management Ltd. bought a new stake in shares of Farmland Partners during the third quarter worth about $3,525,000. Los Angeles Capital Management LLC raised its holdings in shares of Farmland Partners by 56.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 222,349 shares of the financial services provider’s stock worth $2,559,000 after acquiring an additional 80,200 shares during the last quarter. Finally, Denali Advisors LLC bought a new position in Farmland Partners in the 3rd quarter valued at about $636,000. 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.