Farmland Partners (NYSE:FPI) Posts Earnings Results, Beats Expectations By $0.02 EPS

Farmland Partners (NYSE:FPI) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02, Zacks reports. Farmland Partners had a net margin of 31.68% and a return on equity of 3.53%. Farmland Partners updated its FY 2025 guidance to 0.250-0.300 EPS.

Farmland Partners Stock Performance

FPI traded down $0.08 during trading on Wednesday, reaching $11.66. 230,875 shares of the stock were exchanged, compared to its average volume of 232,070. The stock has a market cap of $561.66 million, a P/E ratio of 41.64 and a beta of 0.69. Farmland Partners has a twelve month low of $9.70 and a twelve month high of $12.85. The stock’s 50 day moving average price is $11.79 and its two-hundred day moving average price is $11.29.

Farmland Partners Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were issued a dividend of $1.15 per share. This is an increase from Farmland Partners’s previous dividend of $0.13. The ex-dividend date was Monday, December 23rd. Farmland Partners’s payout ratio is presently 85.71%.

Insider Buying and Selling

In other news, Director John A. Good bought 15,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average cost of $12.23 per share, for a total transaction of $183,450.00. Following the completion of the acquisition, the director now owns 101,465 shares in the company, valued at approximately $1,240,916.95. This represents a 17.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 9th.

Farmland Partners Company Profile

Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.