Farmland Partners (NYSE:FPI) Upgraded by Wall Street Zen to “Hold” Rating

Farmland Partners (NYSE:FPI) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Other equities analysts have also recently issued reports about the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Farmland Partners in a research report on Monday, December 29th. B. Riley Financial reissued a “neutral” rating on shares of Farmland Partners in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Farmland Partners presently has a consensus rating of “Hold”.

Farmland Partners Trading Down 2.9%

Shares of FPI stock opened at $12.46 on Friday. The firm’s 50 day moving average is $11.30 and its 200 day moving average is $10.65. The stock has a market capitalization of $542.51 million, a P/E ratio of 20.77 and a beta of 0.75. Farmland Partners has a 12 month low of $9.36 and a 12 month high of $13.23.

Farmland Partners (NYSE:FPI) last released its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.23. The business had revenue of $20.72 million during the quarter, compared to analyst estimates of $17.14 million. Farmland Partners had a net margin of 60.46% and a return on equity of 6.67%. Farmland Partners has set its FY 2026 guidance at 0.330-0.370 EPS. On average, equities analysts predict that Farmland Partners will post 0.13 EPS for the current year.

Insider Buying and Selling

In other Farmland Partners news, Director John A. Good bought 3,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were acquired at an average cost of $10.20 per share, for a total transaction of $30,600.00. Following the purchase, the director directly owned 15,100 shares of the company’s stock, valued at $154,020. The trade was a 24.79% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.30% of the stock is currently owned by insiders.

Institutional Trading of Farmland Partners

Large investors have recently modified their holdings of the business. Squarepoint Ops LLC purchased a new stake in Farmland Partners in the second quarter valued at approximately $626,000. Summit Asset Management LLC bought a new stake in Farmland Partners during the second quarter valued at approximately $1,122,000. Jupiter Asset Management Ltd. purchased a new position in Farmland Partners in the 3rd quarter worth approximately $3,525,000. Los Angeles Capital Management LLC grew its stake in Farmland Partners by 56.4% in the 2nd 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 in the last quarter. Finally, Denali Advisors LLC bought a new position in shares of Farmland Partners in the 3rd quarter worth $636,000. 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.