Farmland Partners (NYSE:FPI) will be announcing its earnings results after the market closes on Thursday, March 14th. Analysts expect the company to announce earnings of $0.30 per share for the quarter.
NYSE:FPI opened at $5.26 on Tuesday. Farmland Partners has a one year low of $4.45 and a one year high of $9.19. The stock has a market cap of $161.69 million, a P/E ratio of 14.61 and a beta of 0.64.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.80%. The ex-dividend date is Friday, March 29th. Farmland Partners’s payout ratio is currently 55.56%.
In other Farmland Partners news, CEO Paul A. Pittman acquired 11,000 shares of the company’s stock in a transaction that occurred on Friday, December 21st. The shares were acquired at an average price of $4.82 per share, with a total value of $53,020.00. Following the completion of the purchase, the chief executive officer now directly owns 1,237,521 shares of the company’s stock, valued at approximately $5,964,851.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John A. Good acquired 6,250 shares of the company’s stock in a transaction that occurred on Wednesday, December 26th. The shares were acquired at an average cost of $4.66 per share, for a total transaction of $29,125.00. Following the purchase, the director now directly owns 9,050 shares of the company’s stock, valued at $42,173. The disclosure for this purchase can be found here. Insiders have purchased 20,775 shares of company stock worth $108,251 in the last three months. 10.10% of the stock is currently owned by insiders.
A hedge fund recently raised its stake in Farmland Partners stock. Geode Capital Management LLC increased its holdings in shares of Farmland Partners Inc (NYSE:FPI) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398,767 shares of the financial services provider’s stock after acquiring an additional 11,993 shares during the period. Geode Capital Management LLC owned approximately 1.28% of Farmland Partners worth $1,810,000 at the end of the most recent reporting period. 49.55% of the stock is owned by institutional investors and hedge funds.
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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 the date of this release, the Company owns approximately 162,000 acres in 17 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota, Texas and Virginia.
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