Farmland Partners Inc. (NYSE:FPI) Increases Dividend to $0.09 Per Share

Farmland Partners Inc. (NYSE:FPI) announced a quarterly dividend on Tuesday, February 17th. Stockholders of record on Wednesday, April 1st will be given a dividend of 0.09 per share by the financial services provider on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, April 1st. This is a 50.0% increase from Farmland Partners’s previous quarterly dividend of $0.06.

Farmland Partners has increased its dividend payment by an average of 0.5%annually over the last three years. Farmland Partners has a dividend payout ratio of 150.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Farmland Partners Stock Performance

FPI traded up $0.44 on Thursday, reaching $12.12. The company had a trading volume of 229,201 shares, compared to its average volume of 530,328. The stock has a market cap of $522.24 million, a P/E ratio of 10.10 and a beta of 0.79. Farmland Partners has a fifty-two week low of $9.36 and a fifty-two week high of $12.87. The company’s fifty day moving average is $10.67 and its 200 day moving average is $10.50.

Farmland Partners (NYSE:FPI) last issued its quarterly earnings data 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 130.10% and a return on equity of 14.37%. The firm had revenue of $20.72 million during 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. On average, sell-side analysts expect that Farmland Partners will post 0.13 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FPI. Weiss Ratings reissued a “hold (c-)” rating on shares of Farmland Partners in a research report on Monday, December 29th. B. Riley Financial reiterated a “neutral” rating on shares of Farmland Partners in a research note on Thursday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Farmland Partners has a consensus rating of “Hold”.

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.