Farmland Partners CFO Acquires $21,500 in Stock (FPI)
Farmland Partners (NYSE:FPI) CFO Luca Fabbri acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were purchased at an average cost of $10.75 per share, for a total transaction of $21,500.00. Following the completion of the purchase, the chief financial officer now directly owns 46,642 shares of the company’s stock, valued at approximately $501,402. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Farmland Partners (NYSE:FPI) traded up 4.43% during mid-day trading on Monday, hitting $11.32. 71,721 shares of the company’s stock traded hands. 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 $12.29 and a 200-day moving average of $12.76. The company’s market cap is $45.4 million.
Farmland Partners (NYSE:FPI) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.07 by $0.03. Analysts expect that Farmland Partners will post $-0.13 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders 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 3.87%. The ex-dividend date of this dividend is Monday, September 29th.
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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