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

Posted by Trent Williams on Apr 30th, 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 guidance of 0.190-0.260 for the period, compared to the consensus earnings per share estimate of 0.200. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on Farmland Partners

Farmland Partners Stock Down 0.4 %

FPI traded down $0.04 during 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’s 50 day moving average price is $10.88 and its two-hundred day moving average price is $11.39. Farmland Partners has a 12 month low of $9.95 and a 12 month high of $13.27. The stock has a market capitalization of $517.61 million, a price-to-earnings ratio of 20.69 and a beta of 0.75.

Farmland Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid 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 currently 46.15%.

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.