Insider Buying: Farmland Partners Director Chris A. Downey Acquires 20,000 Shares of Stock (FPI)
Farmland Partners (NYSE:FPI) Director Chris A. Downey purchased 20,000 shares of the stock on the open market in a transaction that occurred on Friday, August 15th. The stock was purchased at an average price of $10.75 per share, for a total transaction of $215,000.00. Following the purchase, the director now directly owns 3,214 shares of the company’s stock, valued at approximately $34,551. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Farmland Partners (NYSE:FPI) traded down 1.41% during mid-day trading on Tuesday, hitting $11.16. 50,184 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’s 50-day moving average is $12.25 and its 200-day moving average is $12.7. The company’s market cap is $44.8 million.
Farmland Partners (NYSE:FPI) last released its earnings data on Wednesday, August 13th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.03. Analysts expect that Farmland Partners will post $-0.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders 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 3.71%. The ex-dividend date 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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