Equities research analysts predict that Farmland Partners Inc (NYSE:FPI) will report earnings per share of $0.01 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Farmland Partners’ earnings, with estimates ranging from ($0.01) to $0.02. Farmland Partners posted earnings per share of $0.02 during the same quarter last year, which would suggest a negative year over year growth rate of 50%. The business is scheduled to announce its next quarterly earnings report on Monday, November 4th.
On average, analysts expect that Farmland Partners will report full year earnings of $0.18 per share for the current financial year, with EPS estimates ranging from $0.16 to $0.20. For the next year, analysts forecast that the business will post earnings of $0.27 per share, with EPS estimates ranging from $0.21 to $0.32. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Farmland Partners.
Farmland Partners (NYSE:FPI) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.11. Farmland Partners had a return on equity of 5.13% and a net margin of 30.75%. The company had revenue of $10.95 million for the quarter, compared to analyst estimates of $11.03 million.
Institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp boosted its holdings in Farmland Partners by 10.9% in the fourth quarter. Stifel Financial Corp now owns 85,700 shares of the financial services provider’s stock worth $390,000 after acquiring an additional 8,400 shares in the last quarter. Two Sigma Advisers LP bought a new stake in Farmland Partners in the fourth quarter worth $62,000. Ellis Investment Partners LLC bought a new stake in Farmland Partners in the first quarter worth $28,000. Clark Capital Management Group Inc. boosted its holdings in Farmland Partners by 15.3% in the first quarter. Clark Capital Management Group Inc. now owns 241,978 shares of the financial services provider’s stock worth $1,549,000 after acquiring an additional 32,089 shares in the last quarter. Finally, Sawtooth Solutions LLC bought a new stake in Farmland Partners in the first quarter worth $115,000. 45.83% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE FPI traded up $0.12 during mid-day trading on Tuesday, hitting $6.40. 58,600 shares of the stock traded hands, compared to its average volume of 138,675. Farmland Partners has a 52 week low of $4.45 and a 52 week high of $7.85. The company has a market cap of $185.91 million, a price-to-earnings ratio of 26.67 and a beta of 0.74. The stock has a fifty day moving average price of $6.41 and a 200-day moving average price of $6.20.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Monday, September 30th. Farmland Partners’s dividend payout ratio (DPR) is 83.33%.
Farmland Partners Company Profile
Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of the date of this release, the Company owns approximately 162,000 acres in 17 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota, Texas and Virginia.
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