Farmland Partners (NYSE:FPI – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.240-0.300 for the period, compared to the consensus earnings per share estimate of 0.220. The company issued revenue guidance of -.
Farmland Partners Stock Up 0.4 %
FPI stock traded up $0.04 during trading on Wednesday, reaching $11.04. The stock had a trading volume of 203,119 shares, compared to its average volume of 320,606. The company has a market capitalization of $531.76 million, a price-to-earnings ratio of 21.56 and a beta of 0.70. The company’s 50 day moving average is $10.52 and its two-hundred day moving average is $10.81. Farmland Partners has a one year low of $9.70 and a one year high of $13.12.
Analyst Ratings Changes
Separately, StockNews.com lowered Farmland Partners from a “hold” rating to a “sell” rating in a research report on Thursday, July 25th.
Insider Activity
In related news, Director John A. Good purchased 24,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average price of $10.15 per share, with a total value of $243,600.00. Following the acquisition, the director now owns 86,465 shares of the company’s stock, valued at $877,619.75. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 8.30% of the company’s stock.
Farmland Partners Company Profile
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.
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