Farmland Partners (NYSE:FPI) Updates FY 2025 Earnings Guidance

Farmland Partners (NYSE:FPI) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.250-0.300 for the period, compared to the consensus earnings per share estimate of 0.200. The company issued revenue guidance of $46.5 million-$48.1 million, compared to the consensus revenue estimate of $47.2 million.

Farmland Partners Stock Performance

Shares of Farmland Partners stock traded down $0.08 during trading hours on Wednesday, reaching $11.66. The company’s stock had a trading volume of 214,176 shares, compared to its average volume of 231,385. The company’s 50 day simple moving average is $11.79 and its 200 day simple moving average is $11.29. Farmland Partners has a one year low of $9.70 and a one year high of $12.85. The stock has a market cap of $561.66 million, a P/E ratio of 41.64 and a beta of 0.69.

Farmland Partners Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd were given a $1.15 dividend. This is an increase from Farmland Partners’s previous dividend of $0.13. The ex-dividend date was Monday, December 23rd. Farmland Partners’s dividend payout ratio (DPR) is presently 85.71%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Farmland Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 9th.

Insider Buying and Selling at Farmland Partners

In related news, Director John A. Good bought 15,000 shares of the stock in a transaction on Thursday, December 19th. The shares were purchased at an average price of $12.23 per share, with a total value of $183,450.00. Following the purchase, the director now owns 101,465 shares in the company, valued at approximately $1,240,916.95. This represents a 17.35 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.50% of the stock is owned by corporate insiders.

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.