Analysts Offer Predictions for Farmland Partners Inc.’s Q3 2024 Earnings (NYSE:FPI)

Farmland Partners Inc. (NYSE:FPI) – Investment analysts at B. Riley issued their Q3 2024 earnings per share estimates for shares of Farmland Partners in a report released on Monday, September 9th. B. Riley analyst J. Massocca expects that the financial services provider will post earnings per share of ($0.01) for the quarter. The consensus estimate for Farmland Partners’ current full-year earnings is $0.18 per share. B. Riley also issued estimates for Farmland Partners’ Q4 2024 earnings at $0.15 EPS, FY2024 earnings at $0.18 EPS, Q2 2025 earnings at ($0.02) EPS, FY2025 earnings at $0.12 EPS and FY2026 earnings at $0.15 EPS.

Separately, StockNews.com cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a report on Thursday, July 25th.

Farmland Partners Price Performance

Shares of FPI stock opened at $10.76 on Thursday. The company has a market cap of $518.31 million, a PE ratio of 21.10 and a beta of 0.71. The stock’s 50 day simple moving average is $10.54 and its two-hundred day simple moving average is $10.86. Farmland Partners has a 1 year low of $9.70 and a 1 year high of $13.12.

Farmland Partners (NYSE:FPI) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). Farmland Partners had a return on equity of 3.97% and a net margin of 36.89%. The business had revenue of $11.45 million during the quarter, compared to analysts’ expectations of $11.84 million. During the same quarter in the previous year, the company posted ($0.02) EPS.

Farmland Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Tuesday, October 1st. Farmland Partners’s dividend payout ratio (DPR) is 47.06%.

Insider Transactions at Farmland Partners

In other Farmland Partners news, Director John A. Good bought 24,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average price of $10.15 per share, for a total transaction of $243,600.00. Following the transaction, the director now directly owns 86,465 shares of the company’s stock, valued at approximately $877,619.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 8.30% of the company’s stock.

Hedge Funds Weigh In On Farmland Partners

Several hedge funds and other institutional investors have recently modified their holdings of FPI. Lazard Asset Management LLC purchased a new stake in Farmland Partners in the first quarter valued at $35,000. EntryPoint Capital LLC boosted its stake in Farmland Partners by 68.9% during the first quarter. EntryPoint Capital LLC now owns 4,801 shares of the financial services provider’s stock worth $53,000 after buying an additional 1,959 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Farmland Partners during the second quarter valued at about $101,000. Principal Securities Inc. purchased a new stake in shares of Farmland Partners in the 4th quarter valued at approximately $110,000. Finally, Park Avenue Securities LLC acquired a new position in shares of Farmland Partners in the 1st quarter worth approximately $117,000. 58.00% of the stock is owned by hedge funds and other institutional investors.

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.