Farmland Partners Director Dean Jernigan Purchases 10,000 Shares (FPI)
Farmland Partners (NYSE:FPI) Director Dean Jernigan bought 10,000 shares of the stock on the open market in a transaction dated Monday, August 18th. The shares were purchased at an average cost of $11.32 per share, for a total transaction of $113,200.00. Following the purchase, the director now directly owns 13,214 shares of the company’s stock, valued at approximately $149,582. The purchase was disclosed in a legal filing 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. 54,694 shares of the company’s stock traded hands. Farmland Partners has a one year low of $10.21 and a one year high of $14.00. The stock has a 50-day moving average of $12.14 and a 200-day moving average of $12.71. The company’s market cap is $44.6 million.
Farmland Partners (NYSE:FPI) last announced its 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. Analysts expect that Farmland Partners will post $-0.13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders 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.
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