Farmland Partners (NYSE:FPI) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Shares of Farmland Partners Inc. (NYSE:FPI) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.93 and traded as low as $9.58. Farmland Partners shares last traded at $9.6470, with a volume of 342,054 shares.

Wall Street Analysts Forecast Growth

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

Farmland Partners Trading Down 0.3%

The stock has a market capitalization of $420.80 million, a PE ratio of 16.63 and a beta of 0.67. The stock has a 50 day moving average price of $10.37 and a 200-day moving average price of $10.93.

Farmland Partners (NYSE:FPI) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $10.10 million during the quarter, compared to the consensus estimate of $5.67 million. Farmland Partners had a net margin of 57.94% and a return on equity of 6.48%. Farmland Partners has set its FY 2026 guidance at 0.300-0.350 EPS. Research analysts forecast that Farmland Partners Inc. will post 0.26 earnings per share for the current year.

Farmland Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be given a $0.09 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $0.36 annualized dividend and a yield of 3.7%. Farmland Partners’s dividend payout ratio (DPR) is presently 62.07%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Farmland Partners by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,322 shares of the financial services provider’s stock worth $293,000 after buying an additional 1,092 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Farmland Partners in the 1st quarter worth approximately $174,000. Jane Street Group LLC bought a new stake in Farmland Partners during the 1st quarter worth approximately $1,404,000. Strs Ohio purchased a new position in Farmland Partners during the first quarter valued at approximately $96,000. Finally, Cetera Investment Advisers lifted its holdings in Farmland Partners by 6.5% during the second quarter. Cetera Investment Advisers now owns 33,898 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 2,057 shares in the last quarter. Hedge funds and other 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.