Farmland Partners Inc. (NYSE:FPI) Short Interest Update

Farmland Partners Inc. (NYSE:FPI) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 3,690,000 shares, an increase of 5.1% from the August 15th total of 3,510,000 shares. Based on an average daily trading volume, of 329,900 shares, the short-interest ratio is currently 11.2 days.

Insider Transactions at Farmland Partners

In related news, Director John A. Good bought 24,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average price of $10.15 per share, with a total value of $243,600.00. Following the completion of the transaction, the director now owns 86,465 shares in the company, valued at $877,619.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.30% of the company’s stock.

Institutional Trading of Farmland Partners

A number of institutional investors have recently modified their holdings of FPI. Chesapeake Capital Corp IL bought a new stake in shares of Farmland Partners during the 4th quarter valued at approximately $148,000. Los Angeles Capital Management LLC acquired a new position in shares of Farmland Partners during the second quarter worth $1,853,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Farmland Partners by 11.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,855 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 1,286 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Farmland Partners during the 4th quarter valued at $110,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Farmland Partners in the 1st quarter worth about $196,000. 58.00% of the stock is currently owned by institutional investors.

Farmland Partners Price Performance

FPI stock traded up $0.13 during midday trading on Thursday, reaching $10.52. 72,644 shares of the company were exchanged, compared to its average volume of 328,755. The firm has a market capitalization of $506.72 million, a price-to-earnings ratio of 20.37 and a beta of 0.71. The business has a 50-day moving average price of $10.49 and a two-hundred day moving average price of $10.83. Farmland Partners has a one year low of $9.70 and a one year high of $13.12.

Farmland Partners (NYSE:FPI) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). Farmland Partners had a net margin of 36.89% and a return on equity of 3.97%. The company had revenue of $11.45 million during the quarter, compared to analyst estimates of $11.84 million. During the same quarter last year, the company posted ($0.02) EPS. As a group, analysts anticipate that Farmland Partners will post 0.18 earnings per share for the current fiscal year.

Farmland Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.28%. Farmland Partners’s payout ratio is presently 47.06%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a research note on Thursday, July 25th.

About Farmland Partners

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.