Wall Street brokerages expect Farmland Partners Inc (NYSE:FPI) to announce $0.09 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Farmland Partners’ earnings. The lowest EPS estimate is $0.08 and the highest is $0.10. Farmland Partners posted earnings of $0.11 per share during the same quarter last year, which indicates a negative year over year growth rate of 18.2%. The business is scheduled to announce its next quarterly earnings results on Monday, May 8th.
On average, analysts expect that Farmland Partners will report full-year earnings of $0.50 per share for the current fiscal year, with EPS estimates ranging from $0.47 to $0.54. For the next year, analysts anticipate that the firm will post earnings of $0.61 per share, with EPS estimates ranging from $0.58 to $0.64. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Farmland Partners.
Farmland Partners (NYSE:FPI) last issued its earnings results on Wednesday, February 22nd. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.23. Farmland Partners had a net margin of 1.08% and a return on equity of 0.15%.
Several research analysts have commented on FPI shares. Zacks Investment Research downgraded shares of Farmland Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, January 31st. TheStreet raised shares of Farmland Partners from a “d” rating to a “c-” rating in a research note on Monday.
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Shares of Farmland Partners (NYSE:FPI) traded up 0.36% on Friday, reaching $11.07. 166,446 shares of the company traded hands. Farmland Partners has a one year low of $10.00 and a one year high of $11.98. The stock’s 50 day moving average price is $10.94 and its 200-day moving average price is $10.98. The stock has a market capitalization of $189.98 million, a P/E ratio of 124.38 and a beta of 0.19.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Saturday, April 1st will be paid a dividend of $0.1275 per share. This represents a $0.51 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Wednesday, March 29th. Farmland Partners’s dividend payout ratio (DPR) is presently -299.98%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Gilman Hill Asset Management LLC increased its position in Farmland Partners by 6.8% in the third quarter. Gilman Hill Asset Management LLC now owns 392,229 shares of the company’s stock valued at $4,393,000 after buying an additional 25,032 shares during the period. DIAM Co. Ltd. increased its position in Farmland Partners by 49.2% in the third quarter. DIAM Co. Ltd. now owns 29,100 shares of the company’s stock valued at $326,000 after buying an additional 9,600 shares during the period. Shufro Rose & Co. LLC acquired a new position in Farmland Partners during the third quarter valued at approximately $536,000. Uniplan Investment Counsel Inc. increased its position in Farmland Partners by 0.7% in the third quarter. Uniplan Investment Counsel Inc. now owns 605,870 shares of the company’s stock valued at $6,785,000 after buying an additional 4,492 shares during the period. Finally, Global Alpha Capital Management Ltd. increased its position in Farmland Partners by 115.7% in the third quarter. Global Alpha Capital Management Ltd. now owns 314,883 shares of the company’s stock valued at $3,527,000 after buying an additional 168,883 shares during the period. 35.89% of the stock is currently owned by hedge funds and other institutional investors.
About Farmland Partners
Farmland Partners, Inc is an internally managed real estate company. The Company owns and seeks to acquire primary crop 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 Company’s principal investment focus is on farmland located in agricultural markets throughout North America, however, it may seek to acquire farmland outside of North America.
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