Farmland Partners (NYSE:FPI) Stock Rating Lowered by Wall Street Zen

Farmland Partners (NYSE:FPI) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Farmland Partners Price Performance

Shares of FPI opened at $11.59 on Friday. The company has a market capitalization of $533.02 million, a price-to-earnings ratio of 11.36 and a beta of 0.83. Farmland Partners has a 52-week low of $9.66 and a 52-week high of $12.87. The stock has a 50 day moving average price of $10.98 and a 200 day moving average price of $11.15.

Farmland Partners (NYSE:FPI) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $6.97 million during the quarter, compared to analyst estimates of $9.49 million. Farmland Partners had a net margin of 107.24% and a return on equity of 11.95%. On average, equities analysts anticipate that Farmland Partners will post 0.13 EPS for the current fiscal year.

Institutional Trading of Farmland Partners

Several institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio purchased a new position in Farmland Partners during the 1st quarter worth approximately $96,000. Jane Street Group LLC acquired a new stake in shares of Farmland Partners in the first quarter valued at approximately $1,404,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Farmland Partners during the first quarter worth approximately $174,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Farmland Partners by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,322 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 1,092 shares during the period. Finally, Clark Capital Management Group Inc. increased its holdings in shares of Farmland Partners by 2.0% in the 1st quarter. Clark Capital Management Group Inc. now owns 214,641 shares of the financial services provider’s stock valued at $2,393,000 after acquiring an additional 4,298 shares during the period. 58.00% of the stock is owned by hedge funds and other institutional investors.

About Farmland Partners

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.