Raymond James Financial Reiterates Market Perform Rating for Farmland Partners (NYSE:FPI)

Farmland Partners (NYSE:FPI)‘s stock had its “market perform” rating reiterated by investment analysts at Raymond James Financial in a research note issued on Thursday, MarketBeat.com reports.

FPI has been the subject of a number of other research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Farmland Partners in a research report on Monday, December 29th. Wall Street Zen raised Farmland Partners from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, B. Riley Financial restated a “neutral” rating on shares of Farmland Partners in a research note on Thursday, February 19th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Farmland Partners presently has an average rating of “Hold”.

Farmland Partners Trading Down 3.0%

Shares of NYSE:FPI opened at $11.61 on Thursday. The firm’s 50 day moving average is $11.55 and its two-hundred day moving average is $10.70. The firm has a market capitalization of $505.43 million, a P/E ratio of 19.35 and a beta of 0.75. Farmland Partners has a 52 week low of $9.36 and a 52 week high of $13.23.

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

Insiders Place Their Bets

In other Farmland Partners news, Director John A. Good acquired 3,000 shares of Farmland Partners stock in a transaction dated Monday, December 15th. The stock was bought at an average price of $10.20 per share, for a total transaction of $30,600.00. Following the transaction, the director owned 15,100 shares in the company, valued at approximately $154,020. This trade represents a 24.79% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 8.30% of the company’s stock.

Institutional Trading of Farmland Partners

Hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Farmland Partners by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,322 shares of the financial services provider’s stock worth $293,000 after buying an additional 1,092 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Farmland Partners during the 1st quarter valued at $174,000. Jane Street Group LLC acquired a new stake in shares of Farmland Partners during the 1st quarter valued at $1,404,000. Strs Ohio bought a new stake in shares of Farmland Partners during the 1st quarter worth $96,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Farmland Partners by 2.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 171,049 shares of the financial services provider’s stock worth $1,969,000 after acquiring an additional 3,719 shares during the last quarter. 58.00% of the stock is currently owned by institutional investors.

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.