Farmland Partners (NYSE:FPI) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Farmland Partners Inc. (NYSE:FPI)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.02 and traded as high as $10.05. Farmland Partners shares last traded at $9.9850, with a volume of 455,287 shares traded.

Analysts Set New Price Targets

FPI has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Farmland Partners from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Weiss Ratings upgraded Farmland Partners from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Farmland Partners Stock Down 0.2%

The company has a market capitalization of $430.35 million, a PE ratio of 8.32 and a beta of 0.76. The firm’s 50-day moving average is $10.02 and its 200-day moving average is $10.71.

Farmland Partners (NYSE:FPI) last released its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Farmland Partners had a return on equity of 14.37% and a net margin of 130.10%.The business had revenue of $11.25 million for the quarter, compared to the consensus estimate of $10.59 million. Farmland Partners has set its FY 2025 guidance at 0.320-0.360 EPS. As a group, equities research analysts predict that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be given a $0.06 dividend. The ex-dividend date is Friday, January 2nd. This represents a $0.24 dividend on an annualized basis and a yield of 2.4%. Farmland Partners’s payout ratio is presently 20.00%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FPI. Nuveen LLC bought a new position in Farmland Partners during the 1st quarter worth approximately $1,158,000. Summit Asset Management LLC purchased a new stake in shares of Farmland Partners during the second quarter valued at approximately $1,122,000. Hsbc Holdings PLC bought a new position in shares of Farmland Partners in the first quarter worth approximately $179,000. State of Wyoming increased its stake in shares of Farmland Partners by 976.7% in the first quarter. State of Wyoming now owns 48,203 shares of the financial services provider’s stock worth $537,000 after buying an additional 43,726 shares during the period. Finally, Los Angeles Capital Management LLC increased its stake in shares of Farmland Partners by 56.4% in the second quarter. Los Angeles Capital Management LLC now owns 222,349 shares of the financial services provider’s stock worth $2,559,000 after buying an additional 80,200 shares during the period. 58.00% of the stock is owned by hedge funds and other institutional investors.

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.