Jay Bartels Sells 3,200 Shares of Farmland Partners (FPI) Stock

Farmland Partners (NYSE:FPI) Director Jay Bartels sold 3,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $7.92, for a total transaction of $25,344.00. Following the sale, the director now directly owns 4,686 shares in the company, valued at $37,113.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Jay Bartels also recently made the following trade(s):

  • On Tuesday, March 27th, Jay Bartels sold 3,000 shares of Farmland Partners stock. The stock was sold at an average price of $8.23, for a total transaction of $24,690.00.
  • On Thursday, March 29th, Jay Bartels bought 500 shares of Farmland Partners stock. The shares were acquired at an average cost of $8.33 per share, for a total transaction of $4,165.00.
  • On Friday, March 16th, Jay Bartels bought 1,500 shares of Farmland Partners stock. The shares were acquired at an average cost of $8.44 per share, for a total transaction of $12,660.00.

FPI opened at $8.37 on Wednesday. Farmland Partners has a fifty-two week low of $7.15 and a fifty-two week high of $10.09. The company has a market cap of $273.47 million, a price-to-earnings ratio of 23.77 and a beta of 0.09.

Farmland Partners (NYSE:FPI) last posted its quarterly earnings data on Wednesday, May 9th. The financial services provider reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.03). Farmland Partners had a net margin of 19.85% and a return on equity of 2.68%. The firm had revenue of $11.21 million during the quarter, compared to the consensus estimate of $10.96 million. equities analysts predict that Farmland Partners will post 0.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Monday, July 2nd will be paid a $0.127 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date of this dividend is Friday, June 29th. Farmland Partners’s dividend payout ratio is currently 141.67%.

Several large investors have recently bought and sold shares of FPI. Schwab Charles Investment Management Inc. boosted its stake in shares of Farmland Partners by 19.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 70,564 shares of the financial services provider’s stock valued at $613,000 after purchasing an additional 11,264 shares during the last quarter. Garner Asset Management Corp boosted its stake in shares of Farmland Partners by 35.9% in the 4th quarter. Garner Asset Management Corp now owns 149,757 shares of the financial services provider’s stock valued at $1,300,000 after purchasing an additional 39,566 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Farmland Partners in the 4th quarter valued at $127,000. Bank of New York Mellon Corp boosted its stake in shares of Farmland Partners by 9.8% in the 4th quarter. Bank of New York Mellon Corp now owns 313,773 shares of the financial services provider’s stock valued at $2,723,000 after purchasing an additional 27,895 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Farmland Partners by 2.2% in the 4th quarter. BlackRock Inc. now owns 2,043,650 shares of the financial services provider’s stock valued at $17,739,000 after purchasing an additional 43,263 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on FPI. Zacks Investment Research lowered shares of Farmland Partners from a “buy” rating to a “hold” rating in a report on Tuesday, May 15th. ValuEngine lowered shares of Farmland Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Janney Montgomery Scott lowered shares of Farmland Partners from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a report on Friday, March 16th. Finally, B. Riley reduced their target price on shares of Farmland Partners from $10.00 to $8.50 and set a “neutral” rating on the stock in a report on Tuesday, March 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Farmland Partners currently has an average rating of “Hold” and a consensus target price of $9.00.

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 the date of this release, the Company owns or has under contract over 166,000 acres in 17 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota, Texas and Virginia.

Insider Buying and Selling by Quarter for Farmland Partners (NYSE:FPI)

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