Farmland Partners (NYSE:FPI) Downgraded by Zacks Research to Hold

Zacks Research lowered shares of Farmland Partners (NYSE:FPIFree Report) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

FPI has been the subject of several other research reports. Raymond James Financial restated a “market perform” rating on shares of Farmland Partners in a research note on Thursday, March 12th. B. Riley Financial restated a “neutral” rating on shares of Farmland Partners in a research note on Thursday, February 19th. Weiss Ratings upgraded Farmland Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Finally, Wall Street Zen cut Farmland Partners from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Farmland Partners presently has an average rating of “Hold”.

View Our Latest Report on Farmland Partners

Farmland Partners Stock Performance

Shares of Farmland Partners stock opened at $10.41 on Monday. Farmland Partners has a one year low of $9.36 and a one year high of $13.23. The company has a market cap of $454.13 million, a PE ratio of 17.95 and a beta of 0.68. The business has a 50-day simple moving average of $11.55 and a 200-day simple moving average of $10.87.

Farmland Partners (NYSE:FPIGet Free Report) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $10.10 million for the quarter, compared to analysts’ expectations 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. On average, sell-side analysts predict that Farmland Partners will post 0.31 earnings per share for the current fiscal year.

Farmland Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a $0.09 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $0.36 dividend on an annualized basis and a yield of 3.5%. Farmland Partners’s payout ratio is currently 62.07%.

Institutional Investors Weigh In On Farmland Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intech Investment Management LLC grew its holdings in Farmland Partners by 5.5% during the fourth quarter. Intech Investment Management LLC now owns 19,276 shares of the financial services provider’s stock worth $187,000 after acquiring an additional 1,004 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Farmland Partners by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,322 shares of the financial services provider’s stock valued at $293,000 after purchasing an additional 1,092 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in Farmland Partners by 9.9% in the fourth quarter. Kestra Advisory Services LLC now owns 13,040 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 1,171 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Farmland Partners by 6.0% in the fourth quarter. State of Alaska Department of Revenue now owns 23,744 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 1,339 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. grew its holdings in Farmland Partners by 8.1% in the first quarter. Resona Asset Management Co. Ltd. now owns 18,604 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 1,401 shares during the last quarter. Hedge funds and other institutional investors own 58.00% of the company’s stock.

Farmland Partners Company Profile

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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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