Farmland Partners (NYSE:FPI) Rating Lowered to Hold at Zacks Research

Farmland Partners (NYSE:FPI) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

FPI has been the topic of a number of other reports. Weiss Ratings raised shares of Farmland Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Raymond James Financial reaffirmed a “market perform” rating on shares of Farmland Partners in a research report on Thursday, March 12th. B. Riley Financial reaffirmed a “neutral” rating on shares of Farmland Partners in a research report on Thursday, February 19th. Finally, Wall Street Zen lowered shares of Farmland Partners from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Farmland Partners presently has a consensus rating of “Hold”.

Farmland Partners Price Performance

Shares of FPI stock opened at $10.41 on Monday. The stock has a market cap of $454.13 million, a P/E ratio of 17.95 and a beta of 0.68. The company has a fifty day moving average price of $11.55 and a two-hundred day moving average price of $10.87. Farmland Partners has a one year low of $9.36 and a one year high of $13.23.

Farmland Partners (NYSE:FPI) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $10.10 million during the quarter, compared to the consensus estimate of $5.67 million. Farmland Partners had a net margin of 57.94% and a return on equity of 6.48%. Farmland Partners has set its FY 2026 guidance at 0.300-0.350 EPS. As a group, equities research analysts anticipate that Farmland Partners will post 0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Farmland Partners

Hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in Farmland Partners in the 3rd quarter valued at about $29,000. Strengthening Families & Communities LLC bought a new position in Farmland Partners in the 4th quarter valued at about $27,000. Oakworth Capital Inc. bought a new position in Farmland Partners in the 3rd quarter valued at about $34,000. Pinnacle Holdings LLC bought a new position in Farmland Partners in the 4th quarter valued at about $31,000. Finally, Tower Research Capital LLC TRC increased its holdings in Farmland Partners by 218.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the financial services provider’s stock valued at $48,000 after buying an additional 2,886 shares during the period. 58.00% of the stock is owned by institutional investors.

Farmland Partners Company Profile

Farmland Partners Inc is a real estate investment trust (REIT) that acquires and manages high-quality farmland in the United States. The company’s primary business activity is the ownership of agricultural land, which it leases to farmers under various rental arrangements designed to generate stable cash rents and long-term capital appreciation. By focusing on farmland as a real asset, the company seeks to benefit from rising global demand for food, fiber and renewable fuels.

Founded in 2013 and headquartered in Scottsdale, Arizona, Farmland Partners completed its initial public offering in June 2017 and began trading on the New York Stock Exchange under the ticker FPI.