Farmland Partners (NYSE:FPI) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Farmland Partners Inc. (NYSE:FPI)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.93 and traded as low as $9.58. Farmland Partners shares last traded at $9.6470, with a volume of 342,054 shares.

Analysts Set New Price Targets

Several brokerages have weighed in on FPI. Wall Street Zen cut Farmland Partners from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Weiss Ratings cut Farmland Partners from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Zacks Research downgraded Farmland Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Farmland Partners in a research report on Thursday, March 12th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Farmland Partners Price Performance

The firm has a market capitalization of $422.24 million, a price-to-earnings ratio of 16.69 and a beta of 0.67. The firm’s 50-day simple moving average is $10.33 and its 200 day simple moving average is $10.92.

Farmland Partners (NYSE:FPI) last released its earnings results 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). Farmland Partners had a return on equity of 6.48% and a net margin of 57.94%.The business had revenue of $10.10 million for the quarter, compared to the consensus estimate of $5.67 million. Farmland Partners has set its FY 2026 guidance at 0.300-0.350 EPS. As a group, research analysts predict that Farmland Partners Inc. will post 0.26 earnings per share for the current year.

Farmland Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.36 annualized dividend and a yield of 3.7%. Farmland Partners’s dividend payout ratio (DPR) is 62.07%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Farmland Partners by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,322 shares of the financial services provider’s stock valued at $293,000 after purchasing an additional 1,092 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Farmland Partners during the 1st quarter worth approximately $174,000. Jane Street Group LLC bought a new position in Farmland Partners in the 1st quarter valued at approximately $1,404,000. Strs Ohio bought a new position in Farmland Partners in the 1st quarter valued at approximately $96,000. Finally, Cetera Investment Advisers boosted its position in Farmland Partners by 6.5% in the second quarter. Cetera Investment Advisers now owns 33,898 shares of the financial services provider’s stock valued at $390,000 after buying an additional 2,057 shares in the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.

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.