Farmland Partners (NYSE:FPI) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Farmland Partners (NYSE:FPI) from a hold rating to a sell rating in a report published on Saturday morning.

FPI has been the topic of a number of other reports. Weiss Ratings restated a “hold (c-)” rating on shares of Farmland Partners in a research report on Monday, December 29th. Raymond James Financial reiterated a “market perform” rating on shares of Farmland Partners in a report on Thursday, March 12th. Finally, B. Riley Financial reissued a “neutral” rating on shares of Farmland Partners in a research note on Thursday, February 19th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Farmland Partners Stock Performance

Shares of FPI opened at $11.01 on Friday. The stock has a 50 day moving average price of $11.71 and a 200 day moving average price of $10.72. Farmland Partners has a one year low of $9.36 and a one year high of $13.23. The stock has a market capitalization of $480.41 million, a price-to-earnings ratio of 18.35 and a beta of 0.75.

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

Farmland Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be paid a $0.09 dividend. This is a boost from Farmland Partners’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.3%. Farmland Partners’s dividend payout ratio is 40.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FPI. Strengthening Families & Communities LLC acquired a new stake in Farmland Partners during the fourth quarter worth about $27,000. Advisory Services Network LLC acquired a new position in Farmland Partners in the 3rd quarter valued at about $29,000. Pinnacle Holdings LLC acquired a new position in Farmland Partners in the 4th quarter valued at about $31,000. Oakworth Capital Inc. acquired a new position in Farmland Partners in the 3rd quarter valued at about $34,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Farmland Partners by 218.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the financial services provider’s stock valued at $48,000 after buying an additional 2,886 shares during the period. Institutional investors and hedge funds own 58.00% of the company’s stock.

Farmland Partners Company Profile

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.