Farmland Partners Inc (NYSE:FPI) – B. Riley reduced their FY2017 earnings per share estimates for Farmland Partners in a research note issued on Thursday. B. Riley analyst J. Levi-Ribner now expects that the financial services provider will post earnings per share of $0.29 for the year, down from their prior forecast of $0.30. B. Riley has a “Hold” rating and a $10.00 price target on the stock.

Several other equities analysts also recently commented on the company. Raymond James Financial reaffirmed a “hold” rating on shares of Farmland Partners in a research report on Monday, December 4th. Zacks Investment Research cut Farmland Partners from a “buy” rating to a “hold” rating in a report on Monday, November 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $9.25 target price (down from $10.00) on shares of Farmland Partners in a report on Monday, September 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $9.65.

Farmland Partners (NYSE FPI) opened at $8.67 on Monday. The company has a market capitalization of $280.36, a price-to-earnings ratio of 45.63 and a beta of 0.21. Farmland Partners has a 12-month low of $8.06 and a 12-month high of $11.76.

Farmland Partners (NYSE:FPI) last announced its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.04). Farmland Partners had a net margin of 15.89% and a return on equity of 2.05%.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.127 per share. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date is Friday, December 29th. Farmland Partners’s dividend payout ratio (DPR) is currently 268.44%.

Several hedge funds and other institutional investors have recently modified their holdings of FPI. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Farmland Partners by 12.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 12,808 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 1,398 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Farmland Partners by 37.7% during the 2nd quarter. Alliancebernstein L.P. now owns 16,800 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 4,600 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Farmland Partners by 31.9% during the 2nd quarter. Royal Bank of Canada now owns 17,014 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 4,119 shares during the last quarter. Nationwide Fund Advisors lifted its stake in shares of Farmland Partners by 49.4% during the 2nd quarter. Nationwide Fund Advisors now owns 19,773 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 6,538 shares during the last quarter. Finally, Stelac Advisory Services LLC lifted its stake in shares of Farmland Partners by 39.0% during the 3rd quarter. Stelac Advisory Services LLC now owns 25,031 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 7,026 shares during the last quarter. Hedge funds and other institutional investors own 41.01% of the company’s stock.

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Farmland Partners Company Profile

Farmland Partners, Inc is an internally managed real estate company. The Company owns and seeks to acquire farmland located in agricultural markets throughout North America. The Company is the sole member of the general partner of Farmland Partners Operating Partnership, LP (the Operating Partnership).

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