Farmland Partners Inc (NYSE: FPI) is -0.43% lower on its value in year-to-date trading and has touched a low of $8.79 and a high of $11.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FPI stock was last observed hovering at around $11.82 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $11.71, the stock is 1.45% and 3.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.22 million and changing -0.93% at the moment leaves the stock 14.91% off its SMA200. FPI registered 15.01% gain for a year compared to 6-month gain of 11.44%. The firm has a 50-day simple moving average (SMA 50) of $12.1122 and a 200-day simple moving average (SMA200) of $11.1375.
The stock witnessed a 5.35% loss in the last 1 month and extending the period to 3 months gives it a 17.84%, and is 2.63% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.04% over the week and 2.43% over the month.
Farmland Partners Inc (FPI) has around 26 employees, a market worth around $578.19M and $58.34M in sales. Current P/E ratio is 50.56 and Fwd P/E is 167.29. Profit margin for the company is 26.30%. Distance from 52-week low is 33.15% and -2.34% from its 52-week high. The company has generated returns on investments over the last 12 months (1.71%).
with sales reaching $19.02M over the same period.The EPS is expected to grow by 108.49% this year, but quarterly earnings will post -5.13% year-over-year. Quarterly sales are estimated to shrink -11.92% in year-over-year returns.
Farmland Partners Inc (FPI) Top Institutional Holders
267.0 institutions hold shares in Farmland Partners Inc (FPI), with institutional investors hold 67.31% of the company’s shares. The shares outstanding are 48.17M, and float is at 43.50M with Short Float at 8.15%. Institutions hold 60.81% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 4.59 million shares valued at $52.9 million. The investor’s holdings represent 9.6169% of the FPI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 3.62 million shares valued at $41.79 million to account for 7.5981 of the shares outstanding. The other top investors are MASSACHUSETTS FINANCIAL SERVICES CO /MA/ which holds 3.46 million shares representing 7.2567% and valued at over $39.91 million, while GLOBAL ALPHA CAPITAL MANAGEMENT LTD. holds 6.5384 of the shares totaling 3.12 million with a market value of $35.96 million.
Farmland Partners Inc (FPI) Insider Activity
The most recent transaction is an insider purchase by Good John A, the company’s Director. SEC filings show that Good John A bought 15,000 shares of the company’s common stock on Dec 19 ’24 at a price of $12.23 per share for a total of $0.18 million. Following the purchase, the insider now owns 0.1 million shares.
Farmland Partners Inc disclosed in a document filed with the SEC on Aug 07 ’24 that Good John A (Director) bought a total of 24,000 shares of the company’s common stock. The trade occurred on Aug 07 ’24 and was made at $10.15 per share for $0.24 million. Following the transaction, the insider now directly holds 86465.0 shares of the FPI stock.
Still, SEC filings show that on Aug 05 ’24, Fabbri Luca (President and CEO) acquired 1,000 shares at an average price of $10.00 for $10000.0. The insider now directly holds 321,344 shares of Farmland Partners Inc (FPI).
