Farmland Partners (NYSE:FPI – Get Free Report) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01, Zacks reports. Farmland Partners had a net margin of 57.94% and a return on equity of 6.48%. Farmland Partners updated its FY 2026 guidance to 0.310-0.350 EPS.
Farmland Partners Trading Down 0.4%
NYSE:FPI traded down $0.04 during mid-day trading on Wednesday, reaching $9.51. 396,991 shares of the stock were exchanged, compared to its average volume of 475,375. The business has a fifty day moving average price of $9.90 and a 200 day moving average price of $10.89. Farmland Partners has a 1-year low of $9.36 and a 1-year high of $13.23. The firm has a market capitalization of $414.75 million, a PE ratio of 16.40 and a beta of 0.67.
Analysts Set New Price Targets
FPI has been the subject of several research analyst reports. Weiss Ratings downgraded shares of Farmland Partners from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Zacks Research cut shares of Farmland Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Hedge Funds Weigh In On Farmland Partners
Large investors have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV grew its stake in shares of Farmland Partners by 94.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 115,077 shares of the financial services provider’s stock worth $1,115,000 after purchasing an additional 55,915 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in Farmland Partners by 6.6% during the fourth quarter. Tudor Investment Corp ET AL now owns 261,729 shares of the financial services provider’s stock worth $2,536,000 after buying an additional 16,275 shares in the last quarter. Millennium Management LLC boosted its holdings in Farmland Partners by 28.0% during the fourth quarter. Millennium Management LLC now owns 123,579 shares of the financial services provider’s stock worth $1,197,000 after buying an additional 27,065 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in Farmland Partners by 88.0% during the fourth quarter. Engineers Gate Manager LP now owns 39,380 shares of the financial services provider’s stock worth $382,000 after buying an additional 18,431 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Farmland Partners in the fourth quarter worth approximately $145,000. Institutional investors own 58.00% of the company’s stock.
About Farmland Partners
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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