Farmland Partners CEO Paul A. Pittman Buys 1,800 Shares (FPI)
Farmland Partners (NYSE:FPI) CEO Paul A. Pittman purchased 1,800 shares of Farmland Partners stock in a transaction dated Tuesday, June 10th. The shares were purchased at an average cost of $13.00 per share, with a total value of $23,400.00. Following the purchase, the chief executive officer now directly owns 113,157 shares in the company, valued at approximately $1,471,041. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Farmland Partners (NYSE:FPI) traded down 0.53% during mid-day trading on Thursday, hitting $13.10. The stock had a trading volume of 2,936 shares. Farmland Partners has a 52-week low of $11.81 and a 52-week high of $14.00. The stock has a 50-day moving average of $13.07 and a 200-day moving average of $13.10. The company’s market cap is $52.6 million.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Friday, June 27th.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets initiated coverage on shares of Farmland Partners in a research note on Monday, May 19th. They set an “outperform” rating and a $15.00 price target on the stock. Separately, analysts at Stephens initiated coverage on shares of Farmland Partners in a research note on Wednesday, May 7th. They set an “overweight” rating and a $16.00 price target on the stock. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of Farmland Partners in a research note on Wednesday, May 7th. They set a “buy” rating and a $15.00 price target on the stock.
Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire primary row crop farmland located in agricultural markets throughout North America.
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