Insider Buying: Luca Fabbri Purchases 2,000 Shares of Farmland Partners Stock (FPI)
Farmland Partners (NYSE:FPI) CFO Luca Fabbri bought 2,000 shares of Farmland Partners stock in a transaction that occurred on Friday, August 15th. The shares were purchased at an average price of $10.75 per share, with a total value of $21,500.00. Following the acquisition, the chief financial officer now directly owns 46,642 shares of the company’s stock, valued at approximately $501,402. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Farmland Partners (NYSE:FPI) opened at 11.32 on Tuesday. Farmland Partners has a 1-year low of $10.21 and a 1-year high of $14.00. The stock has a 50-day moving average of $12.25 and a 200-day moving average of $12.7. The company’s market cap is $45.4 million.
Farmland Partners (NYSE:FPI) last issued its quarterly earnings data 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 EPS 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 3.71%. 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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