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

Farmland Partners (NYSE:FPI) announced its earnings results on Wednesday. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping 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 Down 0.7 %

Farmland Partners stock traded down $0.08 during midday trading on Wednesday, hitting $11.66. 230,875 shares of the stock were exchanged, compared to its average volume of 232,070. The company has a fifty day simple moving average of $11.79 and a two-hundred day simple moving average of $11.29. Farmland Partners has a 52 week low of $9.70 and a 52 week high of $12.85. The stock has a market capitalization of $561.66 million, a PE ratio of 41.64 and a beta of 0.69.

Farmland Partners Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd were paid a $1.15 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is a positive change from Farmland Partners’s previous dividend of $0.13. Farmland Partners’s dividend payout ratio (DPR) is 85.71%.

Insider Buying and Selling

In related news, Director John A. Good purchased 15,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were purchased at an average price of $12.23 per share, with a total value of $183,450.00. Following the completion of the purchase, the director now owns 101,465 shares in the company, valued at $1,240,916.95. This represents a 17.35 % increase in their position. 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 insiders.

Analyst Upgrades and Downgrades

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

About Farmland Partners

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.