Farmland Partners Director Buys $215,000 in Stock (FPI)
Farmland Partners (NYSE:FPI) Director Chris A. Downey purchased 20,000 shares of Farmland Partners stock 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 completion of the transaction, the director now directly owns 3,214 shares in the company, valued at approximately $34,551. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Farmland Partners (NYSE:FPI) traded up 1.30% on Thursday, hitting $11.244. 8,675 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 $45.1 million.
Farmland Partners (NYSE:FPI) last announced its earnings results 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 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 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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