Wall Street brokerages expect Farmland Partners Inc (NYSE:FPI) to announce $0.31 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Farmland Partners’ earnings. Farmland Partners posted earnings per share of $0.16 during the same quarter last year, which indicates a positive year-over-year growth rate of 93.8%. The company is expected to report its next quarterly earnings results on Thursday, March 7th.

According to Zacks, analysts expect that Farmland Partners will report full year earnings of $0.37 per share for the current financial year, with EPS estimates ranging from $0.33 to $0.45. For the next financial year, analysts expect that the business will report earnings of $0.34 per share, with EPS estimates ranging from $0.24 to $0.47. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Farmland Partners.

Several analysts have issued reports on FPI shares. Zacks Investment Research upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. B. Riley lowered shares of Farmland Partners from a “buy” rating to a “neutral” rating and set a $7.50 price target on the stock. in a research report on Tuesday, November 13th. Finally, ValuEngine lowered shares of Farmland Partners from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Farmland Partners presently has a consensus rating of “Hold” and a consensus price target of $8.25.

In other Farmland Partners news, Director John A. Good bought 6,250 shares of the firm’s stock in a transaction dated Wednesday, December 26th. The shares were acquired at an average cost of $4.66 per share, for a total transaction of $29,125.00. Following the transaction, the director now owns 9,050 shares in the company, valued at $42,173. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Paul A. Pittman bought 11,000 shares of the firm’s stock in a transaction dated Friday, December 21st. The shares were acquired at an average price of $4.82 per share, for a total transaction of $53,020.00. Following the completion of the transaction, the chief executive officer now owns 1,237,521 shares in the company, valued at approximately $5,964,851.22. The disclosure for this purchase can be found here. Insiders acquired a total of 25,275 shares of company stock worth $135,546 over the last 90 days. Company insiders own 10.10% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Pembroke Management LTD bought a new position in Farmland Partners during the 4th quarter valued at about $91,000. Nissay Asset Management Corp Japan ADV bought a new position in Farmland Partners during the 3rd quarter valued at about $112,000. Goelzer Investment Management Inc. bought a new position in Farmland Partners during the 3rd quarter valued at about $129,000. Cambridge Investment Research Advisors Inc. bought a new position in Farmland Partners during the 4th quarter valued at about $184,000. Finally, Virtu Financial LLC lifted its holdings in Farmland Partners by 90.4% during the 3rd quarter. Virtu Financial LLC now owns 27,781 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 13,188 shares during the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

FPI traded up $0.08 during trading on Monday, hitting $5.60. The stock had a trading volume of 261,728 shares, compared to its average volume of 211,126. The company has a market capitalization of $172.90 million, a PE ratio of 15.56 and a beta of 0.64. Farmland Partners has a 12 month low of $4.45 and a 12 month high of $9.19.

Farmland Partners Company Profile

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 the date of this release, the Company owns approximately 162,000 acres in 17 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota, Texas and Virginia.

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