Farmland Partners (NYSE:FPI) Director Jennifer Grafton Buys 1,600 Shares

Farmland Partners Inc. (NYSE:FPI) Director Jennifer Grafton purchased 1,600 shares of Farmland Partners stock in a transaction on Tuesday, February 24th. The stock was bought at an average cost of $12.36 per share, with a total value of $19,776.00. Following the transaction, the director directly owned 13,600 shares of the company’s stock, valued at approximately $168,096. The trade was a 13.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Farmland Partners Stock Performance

Shares of NYSE FPI opened at $12.59 on Wednesday. The business’s 50-day simple moving average is $10.83 and its 200-day simple moving average is $10.53. Farmland Partners Inc. has a 52 week low of $9.36 and a 52 week high of $12.67. The firm has a market cap of $548.30 million, a price-to-earnings ratio of 20.99 and a beta of 0.79.

Farmland Partners (NYSE:FPI) last posted its earnings results on Wednesday, February 18th. The financial services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.23. Farmland Partners had a return on equity of 6.67% and a net margin of 60.46%.The firm had revenue of $20.72 million during the quarter, compared to analyst estimates of $17.14 million. Farmland Partners has set its FY 2026 guidance at 0.330-0.370 EPS. As a group, equities research analysts forecast that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Wednesday, April 1st. This is a boost from Farmland Partners’s previous quarterly dividend of $0.06. Farmland Partners’s dividend payout ratio (DPR) is 40.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Farmland Partners in a report on Monday, December 29th. B. Riley Financial reissued a “neutral” rating on shares of Farmland Partners in a research report on Thursday, February 19th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Farmland Partners presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new stake in Farmland Partners during the third quarter worth about $29,000. Strengthening Families & Communities LLC bought a new stake in shares of Farmland Partners in the 4th quarter worth approximately $27,000. Oakworth Capital Inc. acquired a new stake in shares of Farmland Partners during the 3rd quarter worth approximately $34,000. Pinnacle Holdings LLC acquired a new stake in shares of Farmland Partners during the 4th quarter worth approximately $31,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Farmland Partners by 218.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the financial services provider’s stock valued at $48,000 after purchasing 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.