Farmland Partners (NYSE:FPI) Stock Crosses Above 50 Day Moving Average – Here’s Why

Farmland Partners Inc. (NYSE:FPI) shares crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $10.15 and traded as high as $10.86. Farmland Partners shares last traded at $10.7850, with a volume of 697,723 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Farmland Partners from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Farmland Partners Trading Up 1.4%

The stock has a market capitalization of $473.61 million, a price-to-earnings ratio of 21.28 and a beta of 0.68. The company has a fifty day moving average of $10.17 and a two-hundred day moving average of $10.50.

Farmland Partners (NYSE:FPI) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. Farmland Partners had a net margin of 49.85% and a return on equity of 5.54%. The company had revenue of $9.40 million for the quarter, compared to analyst estimates of $5.64 million. Farmland Partners has set its FY 2026 guidance at 0.310-0.350 EPS. As a group, sell-side analysts predict that Farmland Partners Inc. will post 0.23 earnings per share for the current fiscal year.

Farmland Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.36 annualized dividend and a yield of 3.3%. Farmland Partners’s dividend payout ratio is presently 70.59%.

Institutional Trading of Farmland Partners

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Resona Asset Management Co. Ltd. grew its stake in shares of Farmland Partners by 8.1% during the first quarter. Resona Asset Management Co. Ltd. now owns 18,604 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 1,401 shares during the period. Kestra Advisory Services LLC boosted its holdings in Farmland Partners by 11.3% during the first quarter. Kestra Advisory Services LLC now owns 14,513 shares of the financial services provider’s stock worth $163,000 after buying an additional 1,473 shares during the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Farmland Partners during the 2nd quarter worth about $31,000. Legal & General Group Plc bought a new stake in shares of Farmland Partners in the 2nd quarter valued at about $39,000. Finally, Cetera Investment Advisers increased its stake in shares of Farmland Partners by 9.8% in the 1st quarter. Cetera Investment Advisers now owns 48,943 shares of the financial services provider’s stock valued at $550,000 after acquiring an additional 4,387 shares during the last quarter. 58.00% of the stock is currently owned by institutional investors and hedge funds.

About Farmland Partners

Farmland Partners Inc (NYSE:FPI) is a real estate investment trust that owns and leases agricultural land in the United States. The company generates rental income by leasing its properties to farmers and agricultural operators under a variety of lease arrangements.

Its portfolio consists primarily of farmland used to grow crops such as corn, soybeans, wheat, cotton, rice and specialty crops. Farmland Partners’ properties are located across multiple major U.S. agricultural regions, including the Midwest, Great Plains, South and West.

Founded in 2013 and headquartered in Denver, Colorado, the company became a publicly traded REIT in 2014.