Farmland Partners (FPI) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS
Farmland Partners (NYSE:FPI) released its earnings data on Wednesday. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.03, AnalystRatings.NET reports.
Shares of Farmland Partners (NYSE:FPI) opened at 10.70 on Wednesday. Farmland Partners has a 52-week low of $10.21 and a 52-week high of $14.00. The stock has a 50-day moving average of $12.45 and a 200-day moving average of $12.83. The company’s market cap is $82.7 million.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Wednesday, October 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 3.91%.
On the ratings front, 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.
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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