Farmland Partners Inc. (FPI)

NYSE: FPI · IEX Real-Time Price · USD
12.67
-0.27 (-2.09%)
Sep 30, 2022 4:00 PM EDT - Market closed
-2.09%
Market Cap 703.62M
Revenue (ttm) 56.40M
Net Income (ttm) 2.96M
Shares Out 55.53M
EPS (ttm) 0.09
PE Ratio 140.78
Forward PE 46.51
Dividend $0.22 (1.74%)
Ex-Dividend Date Sep 29, 2022
Volume 538,475
Open 12.48
Previous Close 12.94
Day's Range 12.43 - 12.75
52-Week Range 10.62 - 16.43
Beta 0.73
Analysts Buy
Price Target 16.93 (+33.6%)
Earnings Date Oct 25, 2022

About FPI

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 155,000 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... [Read more...]

Industry Equity Real Estate Investment Trusts (REITs)
IPO Date Apr 11, 2014
CEO Paul Pittman
Employees 25
Stock Exchange NYSE
Ticker Symbol FPI
Full Company Profile

Financial Performance

In 2021, FPI's revenue was $51.74 million, an increase of 2.07% compared to the previous year's $50.69 million. Earnings were $9.99 million, an increase of 40.34%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for FPI stock is "Buy." The 12-month stock price forecast is 16.93, which is an increase of 33.62% from the latest price.

Price Target
$16.93
(33.62% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Short Sellers Upended a Small Farm Real-Estate Company. This Is What It Looked Like.

Farmland Partners' shares plummeted after a report said the company was in trouble. Prosecutors and regulators have been examining what happened.

1 week ago - WSJ

Farmland Partners (FPI) Boosts Portfolio With Indiana Farm

Farmland Partners' (FPI) Indiana farm to experience strong rental rates and benefit from appreciation.

1 week ago - Zacks Investment Research

Farmland Partners Adds First Indiana Farm to Portfolio

DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) yesterday purchased 161 acres of cropland in Benton County, Indiana. The corn and soybean farm consists of two contig...

2 weeks ago - Business Wire

Redeux Energy Exceeding Solar and Storage Project Development Goals and Expanding Team to Propel Growth

DENVER--(BUSINESS WIRE)-- #renewableenergy--Redeux Energy Partners LLC experiences continued momentum in 2022 by exceeding solar and storage project development goals and expanding its team.

2 weeks ago - Business Wire

Farmland Partners Expands Management and Brokerage Business

DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today expanded its asset management portfolio by 4,488 acres and strengthened its brokerage business with the additio...

2 weeks ago - Business Wire

7 REITs to Buy Now

Editor's note: This article is regularly updated with the latest information. Given the recent performance of the sector, now may not seem like a great time to buy real estate investment trusts (REITs).

Other symbols: CCICIOGLPIPSTLSBRASPG
3 weeks ago - InvestorPlace

Farmland Partners Well Positioned as Grain Harvest Nears

DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today said that the lower corn and soybean yields in the U.S. Midwest, as reported by Pro Farmer's Midwest Crop Tour ...

3 weeks ago - Business Wire

New Solar Project to Expand Farmland Partners' Renewable Energy Portfolio, Increase Revenue

DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced it received notice that a renewable energy tenant plans to begin construction of a new solar power pr...

1 month ago - Business Wire

Farmland Partners Acquires Two Illinois Farms

DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: ) (the “Company” or “FPI”) today announced the acquisition of two Illinois farms totaling 485 acres. The first, a 286-acre farm in Edgar County, wa...

1 month ago - Business Wire

Farmland Is an Inflation Hedge. How to Invest.

Thanks to the proliferation of REITs and ETFs, investing in farms is much easier than it used to be. Sizing up the new crop of instruments.

Other symbols: DBALANDMOOWEAT
2 months ago - Barrons

Farmland Partners Inc. Reports Second Quarter 2022 Results

DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (“FPI” or the “Company”) today reported financial results for the three and six months ended June 30, 2022. Selected Q2 2022 Highlights During...

2 months ago - Business Wire

Farmland Partners Inc. Announces Date for Second Quarter 2022 Earnings Release and Conference Call

DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company”) today announced it will release its financial results for the quarter ended June 30, 2022, before the U.S. stock market opens ...

2 months ago - Business Wire

Has Farmland Partners (FPI) Outpaced Other Finance Stocks This Year?

Here is how Farmland Partners (FPI) and Investar (ISTR) have performed compared to their sector so far this year.

2 months ago - Zacks Investment Research

What's Next in Real Estate? 3 Investors Weigh In

The tides are changing in the real estate market, bringing new opportunities and challenges.

Other symbols: EQRINVHLANDMAA
2 months ago - The Motley Fool

Invest in Farmland with This High-Performing REIT

This top-rated real estate company owns and acquires high-quality North American farmland.

2 months ago - Zacks Investment Research

2 REITs That Are Up Despite the Market Being Down

These 2 REITs may help offset some portfolio losses during the current bear market.

Other symbols: ADC
2 months ago - The Motley Fool

7 REITs to Buy in July 2022

Rising interest rates and recession fears have put pressure on the real estate space, creating an opportunity in these REITs to buy. The post 7 REITs to Buy in July 2022 appeared first on InvestorPlace.

Other symbols: CCICIOGLPIPSTLSBRASPG
2 months ago - InvestorPlace

Farmland Partners (FPI) on Buying Spree, Acquires Nebraska Farm

With a good productivity track record, the addition of this latest farm, which marks its second acquisition in Hamilton County this month, seems a strategic fit for Farmland Partners (FPI).

3 months ago - Zacks Investment Research

Farmland Partners Adds Second Farm in Hamilton County, Nebraska

DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) yesterday acquired 158 acres of farmland in Hamilton County, Nebraska – its second purchase in the county this month....

3 months ago - Business Wire

The Smartest Dividend Stock to Buy With $20 Right Now

Farmland Partners is an under-the-radar farmland REIT that has a great shot at being a long-term winner.

3 months ago - The Motley Fool

Farmland Partners Acquires 280-Acre Corn and Soybean Farm for $3.4 Million

DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) yesterday purchased 280 acres of farmland in Illinois for $3.4 million. The corn and soybean farm is located in Will ...

3 months ago - Business Wire

These Under-the-Radar Investments Are Producing Record Breaking Returns

While stocks and crypto tend to get all of the attention in headlines, these lesser-known alternative investments are producing record gains. Alternative investments typically have a very low correlatio...

Other symbols: LAND
3 months ago - Benzinga

838-Acre Nebraska Farm Added to Farmland Partners Portfolio

DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) on Wednesday completed its seventh farm acquisition of the year when it purchased 838 acres of Nebraska farmland for ...

4 months ago - Business Wire

Farmland Partners to Be Added to the MSCI REIT Index (RMZ)

DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced that it will be included in the Morgan Stanley Capital International (MSCI) US REIT Index (the “RMZ”)...

4 months ago - Business Wire

Farmland Partners: ‘Short and Distort' Class Action Lawsuit Officially Concluded

DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced that the deadline to appeal has passed with no appeal filed by the plaintiff from the U.S. District C...

4 months ago - Business Wire