Farmland Partners (NYSE:FPI) Rating Lowered to “Sell” at Wall Street Zen

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

FPI has been the subject of several other research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Farmland Partners in a report on Monday, December 29th. B. Riley Financial reaffirmed a “neutral” rating on shares of Farmland Partners in a research report on Thursday, February 19th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Farmland Partners in a report on Thursday, March 12th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Farmland Partners currently has an average rating of “Hold”.

Farmland Partners Stock Down 3.9%

Shares of NYSE:FPI opened at $10.83 on Friday. The business’s 50 day moving average is $11.70 and its 200 day moving average is $10.71. Farmland Partners has a 12-month low of $9.36 and a 12-month high of $13.23. The stock has a market cap of $472.29 million, a price-to-earnings ratio of 18.04 and a beta of 0.75.

Farmland Partners (NYSE:FPI) last released its quarterly earnings results on Wednesday, February 18th. The financial services provider reported $0.43 EPS 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 return on equity of 6.67% and a net margin of 60.46%.Farmland Partners has set its FY 2026 guidance at 0.330-0.370 EPS. As a group, equities research analysts expect that Farmland Partners will post 0.13 earnings per share for the current year.

Hedge Funds Weigh In On Farmland Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Farmland Partners by 94.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 115,077 shares of the financial services provider’s stock worth $1,115,000 after acquiring an additional 55,915 shares during the period. Tudor Investment Corp ET AL raised its stake in shares of Farmland Partners by 6.6% during the 4th quarter. Tudor Investment Corp ET AL now owns 261,729 shares of the financial services provider’s stock valued at $2,536,000 after purchasing an additional 16,275 shares during the period. Millennium Management LLC lifted its holdings in Farmland Partners by 28.0% during the 4th quarter. Millennium Management LLC now owns 123,579 shares of the financial services provider’s stock worth $1,197,000 after purchasing an additional 27,065 shares in the last quarter. Engineers Gate Manager LP boosted its stake in Farmland Partners by 88.0% in the 4th quarter. Engineers Gate Manager LP now owns 39,380 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 18,431 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new position in Farmland Partners in the 4th quarter worth about $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.