Farmland Partners (NYSE:FPI) Updates FY 2024 Earnings Guidance

Farmland Partners (NYSE:FPI) 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.

Farmland Partners Stock Performance

FPI stock traded down $0.16 on Wednesday, reaching $11.35. The company’s stock had a trading volume of 303,762 shares, compared to its average volume of 321,097. The business has a fifty day simple moving average of $11.27 and a two-hundred day simple moving average of $11.14. The firm has a market cap of $546.73 million, a PE ratio of 22.20 and a beta of 0.71. Farmland Partners has a 12-month low of $9.95 and a 12-month high of $13.27.

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.