Farmland Partners (NYSE:FPI) Updates FY 2025 Earnings Guidance

Farmland Partners (NYSE:FPI) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.250-0.300 for the period, compared to the consensus estimate of 0.200. The company issued revenue guidance of $46.5 million-$48.1 million, compared to the consensus revenue estimate of $47.2 million.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Farmland Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 9th.

Farmland Partners Stock Performance

Shares of Farmland Partners stock traded down $0.08 on Wednesday, hitting $11.66. The company’s stock had a trading volume of 230,875 shares, compared to its average volume of 232,070. The company has a market capitalization of $561.66 million, a price-to-earnings ratio of 41.64 and a beta of 0.69. Farmland Partners has a 1 year low of $9.70 and a 1 year high of $12.85. The firm has a fifty day moving average price of $11.79 and a 200-day moving average price of $11.29.

Farmland Partners (NYSE:FPI) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Farmland Partners had a return on equity of 3.53% and a net margin of 31.68%. As a group, analysts forecast that Farmland Partners will post 0.19 EPS for the current year.

Farmland Partners Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, December 23rd. This is a boost from Farmland Partners’s previous dividend of $0.13. Farmland Partners’s dividend payout ratio is currently 85.71%.

Insider Activity

In other Farmland Partners news, Director John A. Good bought 15,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average price of $12.23 per share, with a total value of $183,450.00. Following the completion of the acquisition, the director now directly owns 101,465 shares of the company’s stock, valued at $1,240,916.95. This represents a 17.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 9.50% of the company’s stock.

About Farmland Partners

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.