Farmland Partners (NYSE:FPI) Stock Passes Below 200 Day Moving Average – What’s Next?

Farmland Partners Inc. (NYSE:FPI) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.90 and traded as low as $10.28. Farmland Partners shares last traded at $10.3760, with a volume of 303,064 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FPI. Zacks Research cut shares of Farmland Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Weiss Ratings cut shares of Farmland Partners from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Raymond James Financial reissued a “market perform” rating on shares of Farmland Partners in a research note on Thursday, March 12th. B. Riley Financial reissued a “neutral” rating on shares of Farmland Partners in a research note on Thursday, February 19th. Finally, Wall Street Zen cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Farmland Partners Trading Up 0.7%

The stock’s fifty day moving average price is $11.01 and its two-hundred day moving average price is $10.90. The stock has a market capitalization of $452.60 million, a P/E ratio of 17.89 and a beta of 0.66.

Farmland Partners (NYSE:FPI) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Farmland Partners had a net margin of 57.94% and a return on equity of 6.48%. The firm had revenue of $10.10 million for the quarter, compared to the consensus estimate of $5.67 million. Farmland Partners has set its FY 2026 guidance at 0.300-0.350 EPS. As a group, analysts expect that Farmland Partners Inc. will post 0.31 earnings per share for the current fiscal year.

Farmland Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Wednesday, July 1st. Farmland Partners’s dividend payout ratio is currently 62.07%.

Institutional Investors Weigh In On Farmland Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FPI. Jupiter Asset Management Ltd. bought a new position in Farmland Partners in the 3rd quarter worth $3,525,000. JPMorgan Chase & Co. raised its holdings in Farmland Partners by 73.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 509,394 shares of the financial services provider’s stock worth $5,542,000 after purchasing an additional 216,544 shares in the last quarter. Denali Advisors LLC bought a new position in Farmland Partners in the 3rd quarter worth $636,000. Accordant Advisory Group Inc raised its holdings in Farmland Partners by 14.7% in the 4th quarter. Accordant Advisory Group Inc now owns 1,337,831 shares of the financial services provider’s stock worth $12,964,000 after purchasing an additional 171,813 shares in the last quarter. Finally, Tudor Investment Corp ET AL raised its holdings in Farmland Partners by 25.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 245,454 shares of the financial services provider’s stock worth $2,671,000 after purchasing an additional 49,157 shares in the last quarter. 58.00% of the stock is currently owned by institutional investors.

About Farmland Partners

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.