Farmland Partners CEO Paul A. Pittman Buys 8,000 Shares (FPI)
Farmland Partners (NYSE:FPI) CEO Paul A. Pittman bought 8,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 20th. The stock was purchased at an average price of $11.15 per share, with a total value of $89,200.00. Following the completion of the purchase, the chief executive officer now directly owns 121,157 shares in the company, valued at approximately $1,350,901. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Shares of Farmland Partners (NYSE:FPI) traded down 0.54% during mid-day trading on Wednesday, hitting $11.10. The stock had a trading volume of 54,694 shares. Farmland Partners has a 1-year low of $10.21 and a 1-year high of $14.00. The stock’s 50-day moving average is $12.2 and its 200-day moving average is $12.72. The company’s market cap is $44.6 million.
Farmland Partners (NYSE:FPI) last posted its quarterly earnings results 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. On average, analysts predict that Farmland Partners will post $-0.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 3.76%. 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.