Farmland Partners CEO Acquires $22,737 in Stock (FPI)
Farmland Partners (NYSE:FPI) CEO Paul A. Pittman purchased 1,950 shares of the stock on the open market in a transaction dated Thursday, August 21st. The shares were purchased at an average cost of $11.66 per share, with a total value of $22,737.00. Following the completion of the purchase, the chief executive officer now directly owns 123,107 shares of the company’s stock, valued at approximately $1,435,428. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Farmland Partners (NYSE:FPI) traded down 2.59% on Monday, hitting $11.64. The stock had a trading volume of 38,786 shares. Farmland Partners has a one year low of $10.21 and a one year high of $14.00. The stock’s 50-day moving average is $12.05 and its 200-day moving average is $12.68. The company’s market cap is $44.2 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. Analysts expect that Farmland Partners will post $0.09 EPS 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 3.51%. 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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