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Farmland Partners Inc. (FPI)

Stock Price: $6.54 USD -0.14 (-2.10%)
Updated Oct 27, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 206.01M
Revenue (ttm) 53.90M
Net Income (ttm) 8.38M
Shares Out 29.60M
EPS (ttm) -0.14
PE Ratio n/a
Forward PE n/a
Dividend $0.20
Dividend Yield 3.06%

Stock Quote

Trading Day Oct 27, 2020
Last Price $6.54
Previous Close $6.68
Change ($) -0.14
Change (%) -2.10%
Day's Open 6.67
Day's Range 6.54 - 6.71
Day's Volume 102,324
52-Week Range 5.05 - 7.50

More Stats

Market Cap 206.01M
Enterprise Value 705.27M
Earnings Date (est) Nov 16, 2020
Ex-Dividend Date Sep 30, 2020
Shares Outstanding 29.60M
Float 25.31M
EPS (basic) -0.14
EPS (diluted) -0.14
FCF / Share 0.66
Dividend $0.20
Dividend Yield 3.06%
Earnings Yield n/a
FCF Yield 9.37%
Payout Ratio n/a
Shares Short 2.39M
Short Ratio 14.49
Short % of Float 9.43%
Beta 0.64
PE Ratio n/a
Forward PE n/a
P/FCF Ratio 10.67
PS Ratio 3.82
PB Ratio 0.71
Revenue 53.90M
Operating Income 26.84M
Net Income 8.38M
Free Cash Flow 19.31M
Net Cash -499.27M
Net Cash / Share -15.85
Gross Margin 83.01%
Operating Margin 49.80%
Profit Margin -7.60%
FCF Margin 35.83%
ROA 1.53%
ROE 1.56%
ROIC 1.70%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (3)

Buy 0
Overweight 0
Hold 3
Underweight 0
Sell 0

Analyst Consensus: Hold

Price Target

$7.00*
(7.03% upside)
Low
7.00
Current: $6.54
High
7.00
Target: 7.00
*Average 12-month price target from 3 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year20192018201720162015201420132012
Revenue53.5656.0746.2231.0013.764.222.352.12
Revenue Growth-4.47%21.31%49.09%125.36%226.13%79.49%10.69%-
Gross Profit44.7448.1139.9628.6212.653.972.311.94
Operating Income26.3429.6922.5315.636.220.561.381.75
Net Income13.8912.257.914.301.23-0.570.030.59
Shares Outstanding30.1732.1631.2113.209.624.27--
Earnings Per Share0.04-0.010.030.090.08-0.15--
EPS Growth---66.67%12.5%----
Dividend Per Share0.200.360.510.510.500.33--
Dividend Growth-43.66%-30.12%-0.39%2.41%52.76%---
Operating Cash Flow17.9920.000.935.047.701.780.020.77
Capital Expenditures27.5619.11-21.58-5.67-7.57-0.05-0.50-0.44
Free Cash Flow45.5539.11-20.65-0.630.121.74-0.480.34
Cash & Equivalents12.5616.8953.7852.8924.2834.160.02-
Total Debt51152451430918711443.07-
Net Cash / Debt-499-507-460-256-163-79.36-43.05-
Assets1,1031,1401,16665634520139.67-
Liabilities52653653032019711744.39-
Book Value29529532416210866.36-4.72-
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Farmland Partners Inc.
Country United States
Employees 12
CEO Paul A. Pittman

Stock Information

Ticker Symbol FPI
Stock Exchange New York Stock Exchange
Sector Real Estate
Industry REIT—Specialty
Unique Identifier NYSE: FPI
IPO Date April 11, 2014

Description

Farmland Partners 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 156,500 acres in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota and Virginia. We have approximately 26 crop types and over 100 tenants. The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014.