Insider Buying: Farmland Partners CEO Acquires 8,000 Shares of Stock (FPI)
Farmland Partners (NYSE:FPI) CEO Paul A. Pittman acquired 8,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was purchased at an average cost of $11.15 per share, with a total value of $89,200.00. Following the completion of the transaction, the chief executive officer now directly owns 121,157 shares in the company, valued at approximately $1,350,901. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Shares of Farmland Partners (NYSE:FPI) traded up 3.24% on Friday, hitting $11.79. 29,263 shares of the company’s stock traded hands. 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 $44.8 million.
Farmland Partners (NYSE:FPI) last released its earnings data 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. 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 3.78%. 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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