Farmland Partners (NYSE:FPI) Issues FY 2024 Earnings Guidance

Farmland Partners (NYSE:FPI) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.190-0.260 for the period, compared to the consensus EPS estimate of 0.200. The company issued revenue guidance of -.

Farmland Partners Stock Down 0.4 %

FPI stock traded down $0.04 on Tuesday, reaching $10.75. 268,135 shares of the company’s stock were exchanged, compared to its average volume of 336,150. The stock has a fifty day moving average of $10.87 and a 200-day moving average of $11.39. Farmland Partners has a twelve month low of $9.95 and a twelve month high of $13.27. The firm has a market cap of $517.61 million, a PE ratio of 20.67 and a beta of 0.75.

Farmland Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a dividend of $0.06 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.24 dividend on an annualized basis and a yield of 2.23%. Farmland Partners’s payout ratio is 46.15%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FPI shares. StockNews.com upgraded Farmland Partners from a sell rating to a hold rating in a research report on Friday, March 8th. Roth Capital reiterated a buy rating on shares of Farmland Partners in a research report on Thursday, February 8th.

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.