Farmland Partners Inc. (NYSE:FPI) Plans Quarterly Dividend of $0.09

Farmland Partners Inc. (NYSE:FPI) announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Thursday, October 1st will be given a dividend of 0.09 per share by the financial services provider on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, October 1st.

Farmland Partners has increased its dividend payment by an average of 0.2%annually over the last three years. Farmland Partners has a payout ratio of 225.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Farmland Partners to earn $0.28 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 128.6%.

Farmland Partners Price Performance

Shares of Farmland Partners stock opened at $9.51 on Thursday. The company has a 50-day moving average of $9.88 and a 200 day moving average of $10.88. The firm has a market cap of $414.78 million, a price-to-earnings ratio of 16.40 and a beta of 0.67. Farmland Partners has a 1 year low of $9.36 and a 1 year high of $13.23.

Farmland Partners (NYSE:FPI) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $5.71 million for the quarter, compared to analyst estimates of $5.64 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 0.310-0.350 EPS. On average, equities analysts anticipate that Farmland Partners will post 0.26 EPS for the current year.

Institutional Investors Weigh In On Farmland Partners

A number of institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of Farmland Partners during the third quarter valued at approximately $29,000. Strengthening Families & Communities LLC bought a new position in Farmland Partners in the 4th quarter valued at approximately $27,000. Pinnacle Holdings LLC purchased a new stake in Farmland Partners during the 4th quarter valued at $31,000. Tower Research Capital LLC TRC boosted its stake in Farmland Partners by 218.1% during 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 purchasing an additional 2,886 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in shares of Farmland Partners in the 1st quarter worth $56,000. 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.