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Farmland Partners Inc. (FPI)

Stock Price: $6.74 USD -0.06 (-0.88%)
Updated Aug 6, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 214.13M
Revenue (ttm) 54.33M
Net Income (ttm) 14.27M
Shares Out 29.87M
EPS (ttm) 0.05
PE Ratio 134.80
Forward PE n/a
Dividend $0.20
Dividend Yield 2.97%

Stock Quote

Trading Day Aug 6, 2020
Last Price $6.74
Previous Close $6.80
Change ($) -0.06
Change (%) -0.88%
Day's Open 6.73
Day's Range 6.71 - 6.82
Day's Volume 84,702
52-Week Range 5.05 - 7.50

More Stats

Market Cap 214.13M
Enterprise Value 710.53M
Earnings Date (est) Aug 10, 2020
Ex-Dividend Date Jun 30, 2020
Shares Outstanding 29.87M
Float 25.29M
EPS (basic) 0.05
EPS (diluted) 0.05
FCF / Share 1.39
Dividend $0.20
Dividend Yield 2.97%
Earnings Yield 0.74%
FCF Yield 19.18%
Payout Ratio 400.00%
Shares Short 2.81M
Short Ratio 18.05
Short % of Float 10.96%
Beta 0.67
PE Ratio 134.80
Forward PE n/a
P/FCF Ratio 5.21
PS Ratio 3.94
PB Ratio 0.88
Revenue 54.33M
Operating Income 27.11M
Net Income 14.27M
Free Cash Flow 41.07M
Net Cash -496.40M
Net Cash / Share -15.62
Gross Margin 82.36%
Operating Margin 49.89%
Profit Margin 3.20%
FCF Margin 75.59%
ROA 1.51%
ROE 2.64%
ROIC 2.10%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (4)

Buy 0
Overweight 1
Hold 3
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$7.00*
(3.86% upside)
Low
6.50
Current: $6.74
High
7.50
Target: 7.00
*Average 12-month price target from 4 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 & Equivalents12.5616.8953.7852.8924.2834.160.020.00
Total Debt51152451430918711443.07-
Net Cash / Debt-499-507-460-256-163-79.36-43.050.00
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 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 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.