Insider Buying: Farmland Partners CEO Acquires 1,950 Shares of Stock (FPI)
Farmland Partners (NYSE:FPI) CEO Paul A. Pittman purchased 1,950 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $1,435,428. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Farmland Partners (NYSE:FPI) traded down 0.09% during mid-day trading on Tuesday, hitting $11.62. 9,673 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’s 50-day moving average is $12.04 and its 200-day moving average is $12.67. The company’s market cap is $44.1 million.
Farmland Partners (NYSE:FPI) last announced its earnings results 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. Analysts expect that Farmland Partners will post $0.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 3.61%. 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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