Farmland Partners Inc. (FPI) To Go Ex-Dividend on July 1st

Farmland Partners Inc. (NYSE:FPI) declared a quarterly dividend on Tuesday, April 28th. Shareholders of record on Wednesday, July 1st will be given a dividend of 0.09 per share by the financial services provider on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, July 1st.

Farmland Partners has increased its dividend payment by an average of 0.2%annually over the last three years. Farmland Partners has a dividend payout ratio of 225.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Farmland Partners to earn $0.30 per share next year, which means the company may not be able to cover its $0.36 annual dividend with an expected future payout ratio of 120.0%.

Farmland Partners Stock Performance

Shares of Farmland Partners stock traded down $0.39 during trading hours on Thursday, reaching $11.10. The company’s stock had a trading volume of 171,383 shares, compared to its average volume of 523,809. Farmland Partners has a one year low of $9.36 and a one year high of $13.23. The company has a market capitalization of $484.07 million, a P/E ratio of 18.49 and a beta of 0.83. The stock’s fifty day simple moving average is $11.82 and its two-hundred day simple moving average is $10.85.

Farmland Partners (NYSE:FPI) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Farmland Partners had a net margin of 60.46% and a return on equity of 6.67%. The firm 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 forecast that Farmland Partners will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On Farmland Partners

Several large investors have recently modified their holdings of the stock. Intech Investment Management LLC increased its stake in shares of Farmland Partners by 5.5% during the 4th quarter. Intech Investment Management LLC now owns 19,276 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 1,004 shares during the last quarter. Brookwood Investment Group LLC increased its stake in shares of Farmland Partners by 4.7% during the 3rd quarter. Brookwood Investment Group LLC now owns 24,313 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 1,092 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Farmland Partners by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,322 shares of the financial services provider’s stock worth $293,000 after purchasing an additional 1,092 shares during the last quarter. Kestra Advisory Services LLC increased its stake in shares of Farmland Partners by 9.9% during the 4th quarter. Kestra Advisory Services LLC now owns 13,040 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 1,171 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Farmland Partners by 6.0% during the 4th quarter. State of Alaska Department of Revenue now owns 23,744 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 1,339 shares during the last quarter. Hedge funds and other institutional investors own 58.00% of the company’s stock.

About Farmland Partners

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.