Farmland Partners (NYSE:FPI) Raised to “Hold” at Wall Street Zen

Farmland Partners (NYSE:FPI) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

FPI has been the subject of a number of other research reports. B. Riley Financial restated a “neutral” rating on shares of Farmland Partners in a research report on Thursday, February 19th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Farmland Partners in a research report on Monday, December 29th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Farmland Partners Stock Down 2.9%

FPI opened at $12.46 on Friday. The business’s fifty day simple moving average is $11.30 and its 200 day simple moving average is $10.65. Farmland Partners has a 52 week low of $9.36 and a 52 week high of $13.23. The stock has a market cap of $542.51 million, a PE ratio of 20.77 and a beta of 0.75.

Farmland Partners (NYSE:FPI) last issued its quarterly earnings results on Wednesday, February 18th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.23. Farmland Partners had a return on equity of 6.67% and a net margin of 60.46%.The firm had revenue of $20.72 million during the quarter, compared to analyst estimates of $17.14 million. Farmland Partners has set its FY 2026 guidance at 0.330-0.370 EPS. As a group, equities analysts anticipate that Farmland Partners will post 0.13 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director John A. Good acquired 3,000 shares of the stock in a transaction on Monday, December 15th. The stock was purchased at an average price of $10.20 per share, for a total transaction of $30,600.00. Following the completion of the transaction, the director owned 15,100 shares of the company’s stock, valued at $154,020. This trade represents a 24.79% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 8.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FPI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Farmland Partners by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,322 shares of the financial services provider’s stock worth $293,000 after acquiring an additional 1,092 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Farmland Partners in the first quarter valued at about $174,000. Jane Street Group LLC bought a new position in shares of Farmland Partners during the first quarter valued at about $1,404,000. Strs Ohio bought a new position in shares of Farmland Partners during the first quarter valued at about $96,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Farmland Partners by 2.2% during the second quarter. Envestnet Asset Management Inc. now owns 171,049 shares of the financial services provider’s stock worth $1,969,000 after purchasing an additional 3,719 shares during the period. Institutional investors own 58.00% of the company’s stock.

Farmland Partners Company Profile

Farmland Partners Inc is a real estate investment trust (REIT) that acquires and manages high-quality farmland in the United States. The company’s primary business activity is the ownership of agricultural land, which it leases to farmers under various rental arrangements designed to generate stable cash rents and long-term capital appreciation. By focusing on farmland as a real asset, the company seeks to benefit from rising global demand for food, fiber and renewable fuels.

Founded in 2013 and headquartered in Scottsdale, Arizona, Farmland Partners completed its initial public offering in June 2017 and began trading on the New York Stock Exchange under the ticker FPI.