Should I buy or sell Farmland Partners stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Farmland Partners in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FPI shares. View FPI analyst ratings or view top-rated stocks .

What is Farmland Partners' stock price target for 2024?

2 equities research analysts have issued 12 month target prices for Farmland Partners' stock. Their FPI share price targets range from $15.00 to $15.00. On average, they anticipate the company's share price to reach $15.00 in the next twelve months. This suggests a possible upside of 44.2% from the stock's current price. View analysts price targets for FPI or view top-rated stocks among Wall Street analysts .

How have FPI shares performed in 2024?

Farmland Partners' stock was trading at $12.48 on January 1st, 2024. Since then, FPI stock has decreased by 16.6% and is now trading at $10.4050. View the best growth stocks for 2024 here .

When is Farmland Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our FPI earnings forecast .

How were Farmland Partners' earnings last quarter?

Farmland Partners Inc. (NYSE:FPI) posted its quarterly earnings results on Tuesday, May, 3rd. The financial services provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by $0.05. Farmland Partners had a trailing twelve-month return on equity of 5.70% and a net margin of 53.80%. During the same quarter in the previous year, the firm posted ($0.05) EPS.

How often does Farmland Partners pay dividends? What is the dividend yield for Farmland Partners?

Farmland Partners announced a quarterly dividend on Wednesday, February 28th. Stockholders of record on Monday, April 1st will be given a dividend of $0.06 per share on Monday, April 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Thursday, March 28th. Read our dividend analysis for FPI .

Is Farmland Partners a good dividend stock?

Farmland Partners (NYSE:FPI) pays an annual dividend of $0.24 per share and currently has a dividend yield of 2.31%. The dividend payout ratio is 46.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, FPI will have a dividend payout ratio of 160.00% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for FPI .

What ETF holds Farmland Partners' stock?

Amplify Inflation Fighter ETF holds 13,456 shares of FPI stock, representing 1.85% of its portfolio.

What guidance has Farmland Partners issued on next quarter's earnings?

Farmland Partners updated its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share guidance of 0.150-0.230 for the period, compared to the consensus estimate of 0.140. The company issued revenue guidance of -.

What other stocks do shareholders of Farmland Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Farmland Partners investors own include Hawkins (HWKN) , Iron Mountain (IRM) , Gladstone Land (LAND) , Enterprise Products Partners (EPD) , Ladder Capital (LADR) , New Residential Investment (NRZ) , Realty Income (O) , AT&T (T) and AGNC Investment (AGNC) .

Who are Farmland Partners' major shareholders?

Farmland Partners' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Annex Advisory Services LLC (0.08%) and Park Avenue Securities LLC (0.02%). Insiders that own company stock include John A Good , Luca Fabbri, Murray R Wise and Paul A Pittman . View institutional ownership trends .

How do I buy shares of Farmland Partners?

Shares of FPI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:FPI

Farmland Partners (FPI) Stock Price, News & Analysis

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Free FPI Stock Alerts

$10.40

-0.01 (-0.10%)

(As of 04/17/2024 ET)

Compare

Today's Range: $10.31
▼
$10.48
50-Day Range: $10.40
▼
$11.80
52-Week Range: $9.95
▼
$13.27

Volume: 223,511 shs
Average Volume: 343,706 shs
Market Capitalization: $501.00 million

P/E Ratio: 20.01
Dividend Yield: 2.31%
Price Target: $15.00

Get Farmland Partners alerts:

Farmland Partners MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 44.2% Upside
$15.00 Price Target
Short Interest: Bearish
6.15% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 66.67%
From $0.09 to $0.15 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.45 out of 5 stars

Finance Sector

432nd out of 827 stocks

Real Estate Investment Trusts Industry

88th out of 177 stocks

3.5

Analyst's Opinion

Consensus Rating
Farmland Partners has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Farmland Partners has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
6.15% of the outstanding shares of Farmland Partners have been sold short.
Short Interest Ratio / Days to Cover
Farmland Partners has a short interest ratio ("days to cover") of 8.6.
Change versus previous month
Short interest in Farmland Partners has recently decreased by 1.99%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
Farmland Partners pays a meaningful dividend of 2.31%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Farmland Partners does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Farmland Partners is 46.15%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, Farmland Partners will have a dividend payout ratio of 160.00% in the coming year. This indicates that Farmland Partners may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FPI.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Farmland Partners this week, compared to 2 articles on an average week.
Search Interest
6 people have searched for FPI on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Farmland Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Farmland Partners insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 9.50% of the stock of Farmland Partners is held by insiders.
Percentage Held by Institutions
58.00% of the stock of Farmland Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Farmland Partners are expected to grow by 66.67% in the coming year, from $0.09 to $0.15 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Farmland Partners is 20.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.94.
Price to Earnings Ratio vs. Sector
The P/E ratio of Farmland Partners is 20.01, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 56.75.
Price to Book Value per Share Ratio
Farmland Partners has a P/B Ratio of 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Farmland Partners Stock (NYSE:FPI)

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. In addition, the Company owns land and buildings for four agriculture equipment dealerships in Ohio leased to Ag Pro under the John Deere brand. The Company has approximately 26 crop types and over 100 tenants. The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014.

FPI Stock Price History

30 days | 90 days | 365 days | Advanced Chart

FPI Stock News Headlines

April 17, 2024 | msn.com

Invest in Farmland Like Bill Gates With This Industry Leader

April 8, 2024 | msn.com

Private equity-funded almond farm folds before harvesting a single nut in Fresno County

April 17, 2024 | Wall Street Star (Ad)

This Apple-like Innovator is Revolutionizing Healthcare

AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.

March 2, 2024 | seekingalpha.com

Farmland Partners Inc. (FPI) Q4 2023 Earnings Call Transcript

March 1, 2024 | finance.yahoo.com

Q4 2023 Farmland Partners Inc Earnings Call

March 1, 2024 | finance.yahoo.com

Farmland Partners Inc. (NYSE:FPI) Q4 2023 Earnings Call Transcript

February 29, 2024 | investorplace.com

7 Cheap Dividend Stocks to Roll the Dice With

February 29, 2024 | seekingalpha.com

Farmland Partners Inc. 2023 Q4 - Results - Earnings Call Presentation

April 17, 2024 | Wall Street Star (Ad)

This Apple-like Innovator is Revolutionizing Healthcare

February 29, 2024 | msn.com

Farmland Partners declares $0.06 dividend

February 28, 2024 | msn.com

Farmland Partners FFO of $0.16 misses by $0.01, revenue of $57.46M misses by $0.7M

February 28, 2024 | msn.com

Farmland Partners 2024 earnings outlook beats consensus; Q4 FFO meets

February 28, 2024 | finance.yahoo.com

Farmland Partners Inc. Reports Full Year 2023 Results

February 28, 2024 | finance.yahoo.com

Farmland Partners Inc. Reports Significant Net Income Growth in Full Year 2023 Results

February 27, 2024 | markets.businessinsider.com

Farmland Partners is about to announce its earnings — here's what to expect

February 27, 2024 | seekingalpha.com

Farmland Partners Q4 2023 Earnings Preview

February 22, 2024 | businesswire.com

Farmland Partners Inc. Announces Date for Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call

February 15, 2024 | finance.yahoo.com

MWA Nearly Doubles its Farmland Management Portfolio, Eclipses 40,000 Acres

February 13, 2024 | finance.yahoo.com

Farmland Partners Announces Tax Treatment of 2023 Distributions

February 13, 2024 | businesswire.com

Farmland Partners Announces Tax Treatment of 2023 Distributions

February 9, 2024 | msn.com

Seed Capital: How to Invest in Farmland as a Portfolio Diversifier

February 1, 2024 | finance.yahoo.com

Down -7.2% in 4 Weeks, Here's Why Farmland Partners (FPI) Looks Ripe for a Turnaround

January 30, 2024 | finance.yahoo.com

California Bank of Commerce (CALB) Q4 Earnings Match Estimates

January 26, 2024 | finance.yahoo.com

Invest Like Bill Gates With This Market Leader

January 2, 2024 | seekingalpha.com

Farmland Partners: Some Structural Merits, But Not Very Compelling At These Levels

December 29, 2023 | finance.yahoo.com

Farmland Partners Announces Change to its Board of Directors

December 26, 2023 | markets.businessinsider.com

Strong Farm Income and Asset Appreciation Makes Farmland Partners Attractive, Says Analyst

See More Headlines

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Company Calendar

Last Earnings: 5/03/2022
Ex-Dividend for 4/15 Dividend: 3/28/2024
Dividend Payable: 4/15/2024
Today: 4/17/2024
Next Earnings (Estimated): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real estate investment trusts
Sub-Industry: N/A
Current Symbol: NYSE:FPI
CUSIP: N/A
CIK: 1591670
Web: www.farmlandpartners.com
Phone: (720) 452-3100
Fax: 720-398-3238
Employees: 25
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $15.00
High Stock Price Target: $15.00
Low Stock Price Target: $15.00
Potential Upside/Downside: +44.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.52
Trailing P/E Ratio: 20.02
Forward P/E Ratio: 115.67
P/E Growth: N/A
Net Income: $30.91 million
Net Margins: 53.80%
Pretax Margin: 54.84%
Return on Equity: 5.70%
Return on Assets: 2.83%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.12
Quick Ratio: 0.12

Sales & Book Value

Annual Sales: $57.47 million
Price / Sales: 8.72
Cash Flow: $0.82 per share
Price / Cash Flow: 12.76
Book Value: $10.98 per share
Price / Book: 0.95

Miscellaneous

Outstanding Shares: 48,150,000
Free Float: 43,580,000
Market Cap: $501.24 million
Optionable: Optionable
Beta: 0.75

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Key Executives

Mr. Paul A. Pittman (Age 62)
Executive Chairman
Comp: $1.18M
Mr. Luca Fabbri (Age 55)
CEO, President & Non-Independent Director
Comp: $667.83k
Mr. James Gilligan
CFO & Treasurer
Mr. Richard Keck
Vice President of Operations
Ms. Christine M. Garrison
General Counsel & Secretary

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FPI Stock Analysis - Frequently Asked Questions

Should I buy or sell Farmland Partners stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Farmland Partners in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FPI shares.
View FPI analyst ratings or view top-rated stocks.
What is Farmland Partners' stock price target for 2024?: 2 equities research analysts have issued 12 month target prices for Farmland Partners' stock. Their FPI share price targets range from $15.00 to $15.00. On average, they anticipate the company's share price to reach $15.00 in the next twelve months. This suggests a possible upside of 44.2% from the stock's current price.
View analysts price targets for FPI or view top-rated stocks among Wall Street analysts.
How have FPI shares performed in 2024?: Farmland Partners' stock was trading at $12.48 on January 1st, 2024. Since then, FPI stock has decreased by 16.6% and is now trading at $10.4050.
View the best growth stocks for 2024 here.
When is Farmland Partners' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our FPI earnings forecast.
How were Farmland Partners' earnings last quarter?: Farmland Partners Inc. (NYSE:FPI) posted its quarterly earnings results on Tuesday, May, 3rd. The financial services provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by $0.05. Farmland Partners had a trailing twelve-month return on equity of 5.70% and a net margin of 53.80%. During the same quarter in the previous year, the firm posted ($0.05) EPS.
How often does Farmland Partners pay dividends? What is the dividend yield for Farmland Partners?: Farmland Partners announced a quarterly dividend on Wednesday, February 28th. Stockholders of record on Monday, April 1st will be given a dividend of $0.06 per share on Monday, April 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Thursday, March 28th.
Read our dividend analysis for FPI.

Is Farmland Partners a good dividend stock?: Farmland Partners (NYSE:FPI) pays an annual dividend of $0.24 per share and currently has a dividend yield of 2.31%. The dividend payout ratio is 46.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, FPI will have a dividend payout ratio of 160.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for FPI.
What ETF holds Farmland Partners' stock?: Amplify Inflation Fighter ETF holds 13,456 shares of FPI stock, representing 1.85% of its portfolio.
What guidance has Farmland Partners issued on next quarter's earnings?: Farmland Partners updated its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share guidance of 0.150-0.230 for the period, compared to the consensus estimate of 0.140. The company issued revenue guidance of -.
What other stocks do shareholders of Farmland Partners own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Farmland Partners investors own include Hawkins (HWKN), Iron Mountain (IRM), Gladstone Land (LAND), Enterprise Products Partners (EPD), Ladder Capital (LADR), New Residential Investment (NRZ), Realty Income (O), AT&T (T) and AGNC Investment (AGNC).
Who are Farmland Partners' major shareholders?: Farmland Partners' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Annex Advisory Services LLC (0.08%) and Park Avenue Securities LLC (0.02%). Insiders that own company stock include John A Good, Luca Fabbri, Murray R Wise and Paul A Pittman.
View institutional ownership trends.
How do I buy shares of Farmland Partners?: Shares of FPI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:FPI) was last updated on 4/17/2024 by MarketBeat.com Staff

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