Skip to main content

Farmland Partners Inc. (FPI)

NYSE: FPI · IEX Real-Time Price · USD
11.90 0.20 (1.71%)
Dec 8, 2021 4:00 PM EST - Market closed
Market Cap539.07M
Revenue (ttm)49.61M
Net Income (ttm)-9.19M
Shares Out45.30M
EPS (ttm)-0.30
PE Ration/a
Forward PE65.36
Dividend$0.20 (1.68%)
Ex-Dividend DateDec 31, 2021
Volume169,792
Open11.69
Previous Close11.70
Day's Range11.61 - 11.95
52-Week Range8.34 - 14.85
Beta0.81
AnalystsBuy
Price Target13.90 (+16.8%)
Earnings DateOct 27, 2021

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...

IndustryEquity Real Estate Investment Trusts (REITs)
IPO DateApr 11, 2014
CEOPaul Pittman
Employees11
Stock ExchangeNYSE
Ticker SymbolFPI
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for FPI stock is "Buy." The 12-month stock price forecast is 13.90, which is an increase of 16.81% from the latest price.

Price Target
$13.90
(16.81% upside)
Analyst Consensus: Buy

News

Farmland Partners Adds Colorado and California Farms to Portfolio

DENVER, Dec. 7, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company") today announced that it added more than 1,400 acres of farmland to its portfolio with the purchase of two properti...

1 day ago - PRNewsWire

Danny Moore Joins Farmland Partners Board of Directors

DENVER, Dec. 6, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company" or "FPI") today announced the addition of Danny Moore, a decorated U.S. Navy veteran and business executive, to its...

2 days ago - PRNewsWire

Farmland Partners Inc. Announces Acquisition of Murray Wise Associates LLC

DENVER, Nov. 15, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) ("FPI") today announced that it has acquired 100% of the equity interests in Murray Wise Associates LLC ("MWA"). The acquisition ...

3 weeks ago - PRNewsWire

Farmland Partners Inc. Provides Update on Renewable Energy Projects

DENVER, Nov. 5, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company") today announced updates on the development of solar projects on certain of its farms in Illinois.  The first proje...

1 month ago - PRNewsWire

Farmland Partners Inc. Acquires 815 Acres of Missouri Farmland for $6.5 Million

DENVER, Oct. 28, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company") today announced that it purchased 815 acres of cropland in Mississippi County, Missouri for a total consideration...

1 month ago - PRNewsWire

Farmland Partners (FPI) Reports Q3 Loss, Misses Revenue Estimates

Farmland Partners (FPI) delivered FFO and revenue surprises of -80.00% and -6.63%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Farmland Partners Inc. Reports Third Quarter 2021 Results

DENVER, Oct. 27, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) ("FPI" or the "Company") today reported financial results for the three and nine months ended September 30, 2021. Selected 2021 H...

1 month ago - PRNewsWire

Farmland Partners Inc. Announces Third Quarter 2021 Earnings Release and Conference Call

DENVER, Oct. 25, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE:FPI) (the "Company") today announced it will release its financial results for the quarter ended September 30, 2021 after 5:00 p.m. (Ea...

1 month ago - PRNewsWire

Farmland Partners Inc. Appoints Luca Fabbri as President and James Gilligan as Chief Financial Officer

DENVER, Oct. 11, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) ("Farmland Partners" or the "Company") today announced the appointment of Luca Fabbri as President of the Company, effective imme...

1 month ago - PRNewsWire

Farmland Partners Inc. Announces Investor Update Call

DENVER, Sept. 29, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE:FPI) (the "Company") will host a conference call on Thursday, September 30, 2021 at 12:30 p.m.

2 months ago - PRNewsWire

Farmland Partners Announces Conversion of 6.00% Series B Participating Preferred Stock

DENVER, Colo., Sept. 28, 2021 /PRNewswire/ -- Farmland Partners Inc. (the "Company") (NYSE: FPI) today announced that it will convert all outstanding shares of its 6.00% Series B participating preferred...

2 months ago - PRNewsWire

Farmland Partners Increases Asset Management Portfolio Above $50 Million

DENVER , Sept. 1, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company") today announced that Promised Land Opportunity Zone Farms I, LLC ("OZ Fund") recently closed a $29 million inves...

3 months ago - PRNewsWire

Promised Land Expands Opportunity Zone Investment in Farmland with $29mm North Carolina Acquisition

CHICAGO, Aug. 31, 2021 /PRNewswire/ -- Promised Land Opportunity Zone Farms I, LLC ("Promised Land") announced today that it purchased 4,528 acres of cropland in eastern North Carolina for $29 million. ...

3 months ago - PRNewsWire

FPI Loan Program Closes Loan in Michigan

DENVER, Aug. 25, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE:FPI) (the "Company") announced today the closing of a $2.1 million loan to a farmer in Michigan under the Company's loan program (the "...

3 months ago - PRNewsWire

Promised Land Opportunity Zone Farms Closes $50 Million Financing

CHICAGO, Aug. 10, 2021 /PRNewswire/ -- Promised Land Opportunity Zone Farms I, LLC ("Promised Land") announced today that it recently closed a $50 million debt financing with Conterra Agricultural Capit...

3 months ago - PRNewsWire

Farmland Partners Inc. Announces Farmland Value Appreciation Amount for its 6.00% Series B Participating Preferred Stock

DENVER, Aug. 6, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company") today posted the Cumulative Farmland Value Appreciation ("FVA"), the FVA Factor, and the FVA Amount as updated for...

4 months ago - PRNewsWire

Farmland Partners (FPI) Reports Q2 Loss, Misses Revenue Estimates

Farmland Partners (FPI) delivered FFO and revenue surprises of 0.00% and -4.46%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Farmland Partners Inc. Reports Second Quarter 2021 Results

DENVER, Aug. 4, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) ("FPI" or the "Company") today reported financial results for the three and six months ended June 30, 2021. Selected 2021 Highligh...

4 months ago - PRNewsWire

Farmland Partners Inc. Announces Date for Second Quarter 2021 Earnings Release and Conference Call

DENVER, July 30, 2021  /PRNewswire/ -- Farmland Partners Inc. (NYSE:FPI) (the "Company") today announced it will release its financial results for the quarter ended June 30, 2021 after 5 p.m. (Eastern T...

4 months ago - PRNewsWire

Farmland Partners Inc. Reopens Loan Program to Enhance Farmers' Access to Liquidity

DENVER, July 29, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE:FPI) (the "Company") announced today the closing of new loans under the FPI Loan Program.  This agricultural lending product allows far...

4 months ago - PRNewsWire

Farmland Partners Inc. Acquires 182 Acres of Florida Farmland for $1 Million

DENVER, July 27, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company") today announced that it purchased 182 acres of cropland in Northern Florida for total consideration of $1 million...

4 months ago - PRNewsWire

Plaintiff Voluntarily Dismisses Derivative Complaint against Defendants Farmland Partners Inc., its Officers and Dire...

DENVER, June 30, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company" or "Farmland") today announced that Anna Barber, the named plaintiff in a shareholder derivative claim filed in th...

5 months ago - PRNewsWire

"Rota Fortunae," Author of July 2018 Attack on Farmland Partners, Retracts Short and Distort Article, Admits Article'...

DENVER, June 21, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) ("FPI" or the "Company") today announced the successful resolution of its litigation against Quinton Mathews, the previously anon...

5 months ago - PRNewsWire

Maryland Circuit Court Dismisses Derivative Complaint against Defendants Farmland Partners Inc., its Officers and Dir...

DENVER, June 16, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company" or "Farmland") today announced that the Maryland Circuit Court for Baltimore City has dismissed pending shareholde...

5 months ago - PRNewsWire

Farmland Partners Inc. Acquires 8,349 Acres of Louisiana Farmland for $26.8 Million

DENVER, June 1, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company") today announced that it purchased 8,349 acres of cropland in Southern Louisiana for total consideration of $26.8 m...

6 months ago - PRNewsWire