Farmland Partners (NYSE:FPI) Releases FY 2024 Earnings Guidance

Posted by Emily Schoerning on May 1st, 2024

Farmland Partners (NYSE:FPI – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.190-0.260 for the period, compared to the consensus estimate of 0.200. The company issued revenue guidance of -.

Farmland Partners Stock Down 0.4 %

Shares of Farmland Partners stock traded down $0.04 during midday trading on Tuesday, hitting $10.75. The company’s stock had a trading volume of 268,135 shares, compared to its average volume of 336,150. The firm has a market capitalization of $517.61 million, a P/E ratio of 20.67 and a beta of 0.75. The stock has a 50-day simple moving average of $10.87 and a 200-day simple moving average of $11.39. Farmland Partners has a 1-year low of $9.95 and a 1-year high of $13.27.

Farmland Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given a $0.06 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.24 annualized dividend and a dividend yield of 2.23%. Farmland Partners’s dividend payout ratio (DPR) is presently 46.15%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FPI. Roth Capital reissued a buy rating on shares of Farmland Partners in a research report on Thursday, February 8th. StockNews.com raised Farmland Partners from a sell rating to a hold rating in a research report on Friday, March 8th.

Read Our Latest Stock Report on Farmland Partners

Farmland Partners Company Profile

(Get Free Report)

Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.