Farmland Partners (NYSE:FPI – Get Free Report) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.
Other analysts also recently issued reports about the stock. Raymond James Financial restated a “market perform” rating on shares of Farmland Partners in a report on Thursday, March 12th. B. Riley Financial restated a “neutral” rating on shares of Farmland Partners in a report on Thursday, February 19th. Weiss Ratings upgraded shares of Farmland Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Finally, Wall Street Zen cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.
Check Out Our Latest Research Report on FPI
Farmland Partners Price Performance
Farmland Partners (NYSE:FPI – Get Free Report) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $10.10 million for the quarter, compared to analyst estimates of $5.67 million. Farmland Partners had a return on equity of 6.48% and a net margin of 57.94%.Farmland Partners has set its FY 2026 guidance at 0.300-0.350 EPS. Equities research analysts expect that Farmland Partners will post 0.31 earnings per share for the current year.
Institutional Investors Weigh In On Farmland Partners
Hedge funds and other institutional investors have recently modified their holdings of the company. Jupiter Asset Management Ltd. acquired a new stake in shares of Farmland Partners during the third quarter worth $3,525,000. JPMorgan Chase & Co. lifted its holdings in shares of Farmland Partners by 73.9% during the third quarter. JPMorgan Chase & Co. now owns 509,394 shares of the financial services provider’s stock worth $5,542,000 after buying an additional 216,544 shares in the last quarter. Denali Advisors LLC acquired a new stake in shares of Farmland Partners during the third quarter worth $636,000. Accordant Advisory Group Inc lifted its holdings in shares of Farmland Partners by 14.7% during the fourth quarter. Accordant Advisory Group Inc now owns 1,337,831 shares of the financial services provider’s stock worth $12,964,000 after buying an additional 171,813 shares in the last quarter. Finally, Tudor Investment Corp ET AL lifted its holdings in shares of Farmland Partners by 25.0% during the third quarter. Tudor Investment Corp ET AL now owns 245,454 shares of the financial services provider’s stock worth $2,671,000 after buying an additional 49,157 shares in the last quarter. 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.
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