Farmland Partners 株価情報 (NYSE: FPI)

最新ニュース Farmland Partners (NYSE:FPI) 株価情報

Farmland Partners

Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company which owns and contracts farmland and storage facilities located across the United States. Majority of the properties in its portfolio are used to grow primary crops, such as corn, soybeans, wheat, rice and cotton, and rest to produce specialty crops, such as almonds, pictachios, citrus, avacados, strawberies, and edible beans. The company generates its revenues through the rent it receives from its tenants.

Farmland Partners Inc

FORMOSA PROSONIC INDSTS by Formosa Prosonic Industries Bhd

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said Fiserv, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) is &#8220;one of the <a href="https://www.benzinga.com/quote/FI">greatest fintechs.&#8221;</a>
As per recent news, Fiserv announced on March 3 that it had completed its acquisition of Payfare Inc.
When asked about Farmland Partners Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPI#NYSE">FPI</a>), he said, &#8220;I kind of like the idea as a spec.&#8221;
On the earnings front, Farmland Partners, on Feb. 19, reported better-than-expected fourth-quarter financial results and issued FY25 FFO guidance above estimates.
Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>) reported a &#8220;bad&#8221; quarter, Cramer said, &#8220;There are several things that are definite misses. It does deserve to trade lower.&#8221;
On Feb. 25, Sempra posted fourth-quarter adjusted earnings of $1.50 per share, missing market estimates of $1.60 per share. The company's sales came in at $3.76 billion, falling short of expectations of $4.36 billion.
When asked about Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>), he said, &#8220;We're going to have to hold off.&#8221;
On Feb. 28, Recursion Pharmaceuticals posted worse-than-expected fourth-quarter financial results.
Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) is a &#8220;meme&#8221; stock,&#8221; the Mad Money host said. &#8220;It is not trading on the fundamentals.&#8221;
As per the recent earnings report, Rigetti Computing, on March 5, reported fourth-quarter revenue of $2.3 million, missing a Street consensus estimate of $2.5 million according to data from Benzinga Pro.
Cramer recommended to own ONEOK, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>). &#8220;I think ONEOK may be the best-run pipeline company in the country,&#8221; he added.
Supporting his view, ONEOK, on Feb. 24, posted better-than-expected quarterly earnings.
&#8220;There are still remedies that are needed. Until all the remedies happen, I am not going to approve it,&#8221; Cramer said when asked about Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>).
On March 3, JPMorgan maintained an Underweight rating on the stock, saying its filling revealed material weaknesses.
Price Action:
<ul>
<li>Fiserv shares fell 0.9% to settle at $218.04 on Friday.</li>
<li>Sempra shares slipped 0.5% to close at $69.30 during the session.</li>
<li>Rigetti Computing shares jumped 9.9% to settle at $9.35.</li>
<li>Recursion Pharmaceuticals shares climbed 5.6% to close at $6.59 on Friday.</li>
<li>ONEOK shares fell 0.2% to settle at $89.57.</li>
<li>Farmland Partners shares gained 0.5% to close at $11.15.</li>
<li>Super Micro Computer shares gained 3.2% to close at $38.24 on Friday.</li>
</ul>
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Jim Cramer: Fiserv Is 'One Of The Greatest Fintechs,' Calls This Tech Company A Meme Stock

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Farmland Partners shares are trading higher after the company reported better-than-expected Q4 financial results and issued FY25 FFO guidance above estimates.

Farmland Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPI#NYSE">FPI</a>) is looking for FY2025 FFO of $0.25-$0.30 vs $0.20 analyst estimate. sees sales of $46.500 million-$48.100 million vs $47.24 million analyst estimate.

Guidance

Farmland Partners Sees FY2025 FFO $0.25-$0.30 vs $0.20 Est; Sees Sales $46.500M-$48.100M vs $47.24M Est

Farmland Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPI#NYSE">FPI</a>) reported quarterly earnings of $0.19 per share which beat the analyst consensus estimate of $0.17 by 11.76 percent. This is a 18.75 percent increase over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $21.47 million which beat the analyst consensus estimate of $20.29 million by 5.82 percent. This is a 0.55 percent decrease over sales of $21.59 million the same period last year.

Earnings

Earnings Beats

Farmland Partners Q4 FFO $0.19 Beats $0.17 Estimate, Sales $21.47M Beat $20.29M Estimate

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Earnings Scheduled For February 19, 2025

Farmland Partners Declared A Special Dividend Of $1.15 Per Share Of Common Stock And Class A Common Op Unit, Payable In Cash On January 8

Farmland Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPI#NYSE">FPI</a>) reported quarterly earnings of $0.03 per share which beat the analyst consensus estimate of $0.01 by 200 percent. The company reported quarterly sales of $13.317 million which beat the analyst consensus estimate of $11.928 million by 11.64 percent. This is a 14.63 percent increase over sales of $11.617 million the same period last year.

Farmland Partners Q3 2024 FFO $0.03 Beats $0.01 Estimate, Sales $13.317M Beat $11.928M Estimate

Farmland Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPI#NYSE">FPI</a>) raises FY2024 FFO guidance from $0.20-0.26 to $0.24-0.30 vs $0.22 analyst estimate..

Farmland Partners Raises FY2024 FFO Guidance from $0.20-0.26 to $0.24-0.30 vs $0.22 Est

Farmland Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPI#NYSE">FPI</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-10-30. Here's what investors need to know before the announcement.
Analysts estimate that Farmland Partners will report an earnings per share (EPS) of $0.01. 
Investors in Farmland Partners are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Past Earnings Performance</h3>
The company's EPS missed by $0.00 in the last quarter, leading to a 6.87% drop in the share price on the following day.
Here's a look at Farmland Partners's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.01</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.01</td>
<td>0.06</td>
<td>0.16</td>
<td>-0.01</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-7.000000000000001%</td>
<td>3.0%</td>
<td>8.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<h3>Farmland Partners Share Price Analysis</h3>
Shares of Farmland Partners were trading at $11.1 as of October 28. Over the last 52-week period, shares are up 4.06%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/FPI/earnings">To track all earnings releases for Farmland Partners visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Farmland Partners

Farmland Partners Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPI#NYSE">FPI</a>) shares are trading lower on Thursday.
The company said it is selling a portfolio of 46 farms, comprising 41,554 acres of farmland, for $289 million in a single <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41155389/farmland-partners-to-sell-289-million-of-farmland-to-farmland-reserve-inc" rel="noreferrer noopener">transaction with Farmland Reserve.</a>
The portfolio includes farms across several regions and states, including Arkansas, Florida, Louisiana, Mississippi, Nebraska, Oklahoma, and the Carolinas.&nbsp;
&#8220;Farmland is a &#8216;total return&#8217; investment, with asset appreciation typically accounting for a majority of the overall return on invested capital,&#8221; said Luca Fabbri, FPI&#8217;s President and CEO.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41158551/tim-cook-offloads-over-220k-apple-shares-worth-50m" rel="noreferrer noopener">Tim Cook Offloads Over 220K Apple Shares Worth $50M</a>
The CEO indicated that the firm plans to use the resulting capital to reduce debt by around $140 million, buy back stock, pursue acquisitions, and address other corporate purposes.
Additionally, he noted that similar to the previous year, they expect to be able to make a significant special distribution to shareholders at year-end.
According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, FPI stock has gained over 2% in the past year. The company had a total debt outstanding of approximately <a href="https://www.benzinga.com/pressreleases/24/07/b39942070/farmland-partners-inc-reports-second-quarter-2024-results" target="_blank" rel="noreferrer noopener">$393.0 million on June 30, 2024.</a>
As of June 30, the company had access to liquidity of $163.8 million, consisting of $5.7 million in cash and $158.1 million in undrawn availability under its credit facilities compared to cash of $5.5 million and $201.1 million in undrawn availability under its credit facilities at December 31, 2023.
Following the latest development, the company&#8217;s total gain on sale will be approximately $50 million, or approximately 21% over the aggregate net book value of the farms comprising the portfolio.
In 2023, FPI also sold approximately $200 million of assets at a gain in excess of 20%.
Price Action: FPI shares are trading lower by 1.04% to $10.20 premarket at last check Thursday.
Image via Shutterstock
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Equities

Asset Sales

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General

Farmland Partners Sells 46-Farm Portfolio For $289M: Details

The Portfolio includes farms across several regions and states, including Arkansas, Florida, Louisiana, Mississippi, Nebraska, Oklahoma, and the Carolinas. The Transaction does not include any of the Company&#39;s Illinois farmland, which is among the most valuable land it owns. FPI&#39;s total gain on sale will be approximately&nbsp;$50 million, or approximately&nbsp;21 percent&nbsp;over the aggregate net book value of the farms comprising the Portfolio. In 2023, FPI also sold approximately&nbsp;$200 million&nbsp;of assets at a gain in excess of&nbsp;20 percent.

Reported Earlier, Farmland Partners Sells $289M Portfolio To Farmland Reserve, Generates $50M Gain Over Book Value

On August 9, a substantial insider purchase was made by John A Good, Director at Farmland Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPI#NYSE">FPI</a>), as per the latest SEC filing.
What Happened: Good demonstrated confidence in Farmland Partners by purchasing 24,000 shares, as reported in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001591670/000106299324014723//Archives/edgar/data/1591670/000106299324014723/0001062993-24-014723-index.htm">U.S. Securities and Exchange Commission</a> on Friday. The total value of the transaction is $243,573.
Tracking the Friday's morning session, Farmland Partners shares are trading at $10.36, showing a up of 1.27%.
<h3>All You Need to Know About Farmland Partners</h3>
Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company which owns and contracts farmland and storage facilities located across the United States. Majority of the properties in its portfolio are used to grow primary crops, such as corn, soybeans, wheat, rice and cotton, and rest to produce specialty crops, such as almonds, citrus, blueberries, and vegetables. The company generates its revenues through the rent it receives from its tenants.
<h3>Unraveling the Financial Story of Farmland Partners</h3>
Revenue Challenges: Farmland Partners's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -1.2%. This indicates a decrease in top-line earnings. When compared to others in the Real Estate sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: The company shows a low gross margin of 77.01%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Farmland Partners's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of -0.06.
</li>
</ul>
Debt Management: Farmland Partners's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.68.
Exploring Valuation Metrics Landscape:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 31.0 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 10.11 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 16.71, the company's EV/EBITDA ratio outperforms industry norms, reflecting positive market perception. This positioning indicates optimistic expectations for the company's future performance.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
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<h3>The Relevance of Insider Transactions</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001591670">Check Out The Full List Of Farmland Partners's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

John A Good Boosts Confidence With $243K Purchase Of Farmland Partners Stock

Farmland Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPI#NYSE">FPI</a>) reported quarterly earnings of $0.01 per share which met the analyst consensus estimate. The company reported quarterly sales of $11.445 million which missed the analyst consensus estimate of $11.895 million by 3.78 percent. This is a 1.20 percent decrease over sales of $11.584 million the same period last year.

Earnings Misses

Farmland Partners Q2 2024 AFFO $0.01, Inline, Sales $11.445M Miss $11.895M Estimate

Management

Farmland Partners Appoints Susan Landi As CFO

Bill Gates is the largest private owner of farmland in the United States, with a portfolio of nearly 270,000 acres, according to the Associated Press.
When asked <a href="https://www.benzinga.com/real-estate/23/02/31073894/bill-gates-finally-explains-why-hes-buying-so-much-u-s-farmland">why he's been purchasing so much farmland</a> in an "Ask Me Anything" session on <a href="https://www.reddit.com/r/IAmA/comments/109eze3/im_bill_gates_and_im_back_for_my_11th_ama_ask_me/">Reddit</a>, Gates responded, "I own less than 1/4000 of the farmland in the US. I have invested in these farms to make them more productive and create more jobs. There isn&#8217;t some grand scheme involved &#8211; in fact, all these decisions are made by a professional investment team."
If you think Gates is making a smart move by investing in farmland, you can do the same with these two <a href="https://www.benzinga.com/go/real-estate-screener">real estate</a> investment trusts (REIT) focused on farmland.
<h2 class="wp-block-heading">Farmland Partners</h2>
Farmland Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPI#NYSE">FPI</a>) is the largest farmland REIT in the United States by acreage. Its portfolio consists of nearly 300 farms totaling approximately 177,400 acres across 17 states. The company also owns land and buildings for four agriculture equipment dealerships leased to Ag Pro under the John Deere brand in Ohio.
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Farmland Partners currently pays a quarterly dividend of $0.06 per share, equating to an annualized dividend of $0.24 per share, which gives its stock a yield of about 2.2% at the time of this writing.
Farmland Partners may not have a very high yield, but it's worth noting that it paid a special dividend of $0.21 per share in January because of strong asset appreciation. With a strong first quarter already in the books, investors could see another special dividend next year.
<h2 class="wp-block-heading">Gladstone Land Corp.</h2>
Gladstone Land Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAND#NASDAQ">LAND</a>) is a farmland REIT with a portfolio of <a href="https://d1io3yog0oux5.cloudfront.net/_3fb088243424b4dbd9de458ed2fcbc29/gladstonefarms/db/858/8909/pdf/LAND_Corporate_February2024+-+V3-FINAL.pdf">168</a> farms totaling nearly 112,000 acres across 15 states. It's primarily focused on farms that grow fresh produce annually, including most fruits and vegetables, as well as certain permanent crops, including blueberries and nuts, because fresh produce has historically outpaced inflation.
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Gladstone currently pays a quarterly dividend of $0.0466 per share, equating to an annualized dividend of $0.5592 per share, which gives its stock a yield of about 4.1% at the time of this writing.
In addition to being a high yielder, Gladstone is a dividend-growth star. In a press release announcing its most recent dividend increase in April, the company proudly noted that it has raised its dividend 34 times over the prior 37 quarters.
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Image Credit: Shutterstock

REIT

Real Estate

Bill Gates Is Bullish on Farmland – Here's How You Can Gain Exposure to the Asset Right Now

Bill Gates is the largest private owner of farmland in the United States with a portfolio of nearly 250,000 acres, according to <a href="https://landreport.com/land-report-100/bill-gates">The Land Report</a>.
When asked <a href="https://www.benzinga.com/real-estate/23/02/31073894/bill-gates-finally-explains-why-hes-buying-so-much-u-s-farmland">why he's been purchasing so much farmland</a> in an "Ask Me Anything" session on <a href="https://www.reddit.com/r/IAmA/comments/109eze3/im_bill_gates_and_im_back_for_my_11th_ama_ask_me/">Reddit</a>, Gates responded, "I own less than 1/4000 of the farmland in the US. I have invested in these farms to make them more productive and create more jobs. There isn&#8217;t some grand scheme involved &#8211; in fact, all these decisions are made by a professional investment team."
If you think Gates is making a smart move by investing in farmland, you can do the same with this real estate investment trust (REIT) focused on farmland.
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<h2 class="wp-block-heading">Farmland Partners</h2>
Farmland Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPI#NYSE">FPI</a>) is the largest farmland REIT in the United States by acreage. Its portfolio consists of nearly 300 farms totaling approximately 171,000 acres across 17 states as of its most recent <a href="https://s201.q4cdn.com/607655624/files/doc_downloads/2024/fpi-investor-presentation-march-2024.pdf">investor presentation</a>.
Farmland Partners currently pays a quarterly dividend of $0.06 per share, equating to an annualized dividend of $0.24 per share, which gives its stock a yield of about 2.2% at the time of this writing.
While its yield isn't very high, it's important to note that Farmland Partners paid a special dividend of $0.21 per share in January because of strong asset appreciation. With the special dividend included, the company declared $0.45 per share in dividends in 2023, which would equate to a yield of about 4.1% at today's levels.
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Image Credit: Shutterstock

Invest in Farmland Like Bill Gates With This Industry Leader

Farmland Partners Increased Bottom And Top End Of 2024 AFFO Guidance Range From $0.15-$0.23 To $0.19-$0.26

Farmland Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPI#NYSE">FPI</a>) reported quarterly earnings of $0.06 per share. This is a 100 percent increase over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $11.990 million which missed the analyst consensus estimate of $12.150 million by 1.32 percent. This is a 5.38 percent decrease over sales of $12.672 million the same period last year.

Farmland Partners Q1 2024 FFO $0.06 Up From $0.03 YoY, Sales $11.990M Miss $12.150M Estimate

Farmland Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPI#NYSE">FPI</a>) reported quarterly earnings of $0.16 per share which missed the analyst consensus estimate of $0.17 by 5.88 percent. The company reported quarterly sales of $21.59 million which missed the analyst consensus estimate of $22.29 million by 3.12 percent. This is a 1.06 percent decrease over sales of $21.82 million the same period last year.

Farmland Partners Q4 2023 FFO $0.16 Misses $0.17 Estimate, Sales $21.59M Miss $22.29M Estimate

Press Releases

MWA Vice President Elizabeth Strom Wins Illinois Land Broker of the Year Award

Farmland Partners to Sell $289 Million of Farmland to Farmland Reserve, Inc.

Farmland Partners Completes $289 Million Farmland Sale

Farmland Partners Inc. Announces Date for Third Quarter 2024 Earnings Release and Conference Call

Farmland Partners Inc. Reports Third Quarter 2024 Results

Farmland Partners Declares $1.15 per Share Special Dividend After Strong Year

Farmland Partners Announces Tax Treatment of 2024 Distributions

Modiv Industrial Announces Latest Portfolio Appraisal

Farmland Partners Inc. Announces Date for Fourth Quarter and Fiscal Year 2024 Earnings Release and Conference Call

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