Farmland Partners (NYSE:FPI – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.200-0.260 for the period, compared to the consensus EPS estimate of 0.250. The company issued revenue guidance of -.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Farmland Partners from a sell rating to a hold rating in a research note on Monday, July 15th.
Read Our Latest Report on Farmland Partners
Farmland Partners Stock Performance
Farmland Partners Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.11%. The ex-dividend date was Monday, July 1st. Farmland Partners’s dividend payout ratio (DPR) is 47.06%.
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 December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.
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