Farmland Partners Inc. (NYSE:FPI) Plans $0.09 Quarterly Dividend

Farmland Partners Inc. (NYSE:FPI) announced a quarterly dividend on Tuesday, April 28th. Investors of record on Wednesday, July 1st will be paid a dividend of 0.09 per share by the financial services provider on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, July 1st.

Farmland Partners has raised its dividend by an average of 0.2%annually over the last three years. Farmland Partners has a payout ratio of 225.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Farmland Partners to earn $0.30 per share next year, which means the company may not be able to cover its $0.36 annual dividend with an expected future payout ratio of 120.0%.

Farmland Partners Price Performance

NYSE:FPI traded down $0.26 during midday trading on Thursday, reaching $11.23. 135,469 shares of the company traded hands, compared to its average volume of 523,314. The firm has a market capitalization of $489.75 million, a price-to-earnings ratio of 18.72 and a beta of 0.83. The company has a fifty day moving average price of $11.82 and a 200 day moving average price of $10.85. Farmland Partners has a twelve month low of $9.36 and a twelve month high of $13.23.

Farmland Partners (NYSE:FPI) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $10.10 million during the quarter, compared to analyst estimates of $5.67 million. Farmland Partners had a return on equity of 6.67% and a net margin of 60.46%.Farmland Partners has set its FY 2026 guidance at 0.300-0.350 EPS. On average, equities research analysts forecast that Farmland Partners will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FPI shares. Wall Street Zen downgraded shares of Farmland Partners from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Raymond James Financial restated a “market perform” rating on shares of Farmland Partners in a research report on Thursday, March 12th. B. Riley Financial restated a “neutral” rating on shares of Farmland Partners in a research note on Thursday, February 19th. Finally, Zacks Research raised Farmland Partners from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.