Farmland Partners CEO Purchases $22,737 in Stock (FPI)
Farmland Partners (NYSE:FPI) CEO Paul A. Pittman acquired 1,950 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was purchased at an average price of $11.66 per share, with a total value of $22,737.00. Following the purchase, the chief executive officer now directly owns 123,107 shares in the company, valued at approximately $1,435,428. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Farmland Partners (NYSE:FPI) traded up 4.64% on Friday, hitting $11.95. 143,863 shares of the company’s stock traded hands. Farmland Partners has a 52-week low of $10.21 and a 52-week high of $14.00. The stock has a 50-day moving average of $12.08 and a 200-day moving average of $12.69. The company’s market cap is $45.4 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.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.