Farmland Partners CFO Luca Fabbri Purchases 2,000 Shares (FPI)
Farmland Partners (NYSE:FPI) CFO Luca Fabbri bought 2,000 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were purchased at an average price of $10.75 per share, for a total transaction of $21,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 46,642 shares in the company, valued at approximately $501,402. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Farmland Partners (NYSE:FPI) traded down 0.45% on Wednesday, hitting $11.1101. The stock had a trading volume of 17,252 shares. 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 $12.2 and its 200-day moving average is $12.72. The company’s market cap is $44.6 million.
Farmland Partners (NYSE:FPI) last released its 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. On average, analysts predict 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. 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 3.76%. 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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