Farmland Partners CEO Paul A. Pittman Purchases 1,800 Shares (FPI)
Farmland Partners (NYSE:FPI) CEO Paul A. Pittman bought 1,800 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 113,157 shares of the company’s stock, valued at approximately $1,471,041. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Farmland Partners (NYSE:FPI) opened at 13.30 on Friday. Farmland Partners has a 52 week low of $11.81 and a 52 week high of $14.00. The stock’s 50-day moving average is $13.07 and its 200-day moving average is $13.11. The company’s market cap is $53.4 million.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders 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 3.16%. The ex-dividend date of this dividend is Friday, June 27th.
A number of analysts have recently weighed in on FPI shares. 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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