Farmland Partners (NYSE:FPI) Stock Lifted to “Hold” by Wall Street Zen

Wall Street Zen upgraded shares of Farmland Partners (NYSE:FPI) from a sell rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Farmland Partners from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Farmland Partners Trading Down 2.0%

FPI stock opened at $11.26 on Friday. The firm has a 50-day moving average price of $10.34 and a 200-day moving average price of $10.46. The stock has a market capitalization of $491.33 million, a P/E ratio of 22.08 and a beta of 0.68. Farmland Partners has a 12 month low of $9.21 and a 12 month high of $13.23.

Farmland Partners (NYSE:FPI) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.07 EPS for the quarter, beating the consensus estimate of $0.02 by $0.05. Farmland Partners had a net margin of 49.85% and a return on equity of 5.54%. The business had revenue of $9.40 million during the quarter, compared to the consensus estimate of $5.64 million. Farmland Partners has set its FY 2026 guidance at 0.310-0.350 EPS. As a group, equities analysts predict that Farmland Partners will post 0.23 EPS for the current fiscal year.

Farmland Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, October 1st. Farmland Partners’s payout ratio is currently 70.59%.

Hedge Funds Weigh In On Farmland Partners

A number of institutional investors and hedge funds have recently modified their holdings of the business. Deutsche Bank AG bought a new stake in Farmland Partners in the second quarter valued at $9,101,000. BlackRock Inc. bought a new stake in shares of Farmland Partners during the second quarter valued at approximately $40,290,000. Denali Advisors LLC acquired a new stake in Farmland Partners in the 2nd quarter valued at $1,124,000. Bank of New York Mellon Corp acquired a new position in shares of Farmland Partners during the second quarter valued at about $2,663,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Farmland Partners in the 1st quarter valued at about $1,556,000. 58.00% of the stock is currently owned by institutional investors.

About Farmland Partners

Farmland Partners Inc (NYSE:FPI) is a publicly traded real estate investment trust that owns and manages farmland in the United States. The company generates revenue primarily by leasing its properties to farmers and agricultural operators under a range of lease arrangements.

Its portfolio includes farms used to produce a variety of crops, including row crops such as corn, soybeans, wheat and cotton, as well as specialty crops in select markets. Farmland Partners seeks to acquire, manage and lease agricultural properties while working with tenants to support the productive use of the land.

Founded in 2013 and headquartered in Denver, Colorado, the company has built a geographically diversified portfolio across multiple U.S.