Farmland Partners CEO Buys $22,737 in Stock (FPI)
Farmland Partners (NYSE:FPI) CEO Paul A. Pittman acquired 1,950 shares of Farmland Partners stock in a transaction dated Thursday, August 21st. The stock was purchased at an average cost of $11.66 per share, for a total transaction of $22,737.00. Following the transaction, the chief executive officer now directly owns 123,107 shares of the company’s stock, valued at approximately $1,435,428. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Farmland Partners (NYSE:FPI) traded up 4.64% on Friday, hitting $11.95. The stock had a trading volume of 143,863 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 $12.08 and its 200-day moving average is $12.69. The company’s market cap is $45.4 million.
Farmland Partners (NYSE:FPI) last released its earnings data on Wednesday, August 13th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.03.
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 3.68%. 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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