Farmland Partners CEO Paul A. Pittman Acquires 5,550 Shares (FPI)
Farmland Partners (NYSE:FPI) CEO Paul A. Pittman bought 5,550 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The shares were purchased at an average price of $11.51 per share, with a total value of $63,880.50. Following the acquisition, the chief executive officer now directly owns 123,357 shares of the company’s stock, valued at approximately $1,419,839. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Farmland Partners (NYSE:FPI) traded up 3.56% during mid-day trading on Wednesday, hitting $11.92. The stock had a trading volume of 57,825 shares. Farmland Partners has a 1-year low of $10.21 and a 1-year high of $14.00. The stock has a 50-day moving average of $11.99 and a 200-day moving average of $12.66. The company’s market cap is $45.3 million.
Farmland Partners (NYSE:FPI) last posted its quarterly 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. On average, analysts predict that Farmland Partners will post $0.07 earnings per share for the current fiscal year.
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 3.65%. 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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