FPI - Farmland Partners Inc Stock Price, Fair Value and News

10.97USD-0.21 (-1.88%)Market Closed

Market Summary

USD10.97-0.21

Market Closed

-1.88%

FPI Stock Price

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FPI RSI Chart

FPI Valuation

Market Cap

538.4M

Price/Earnings (Trailing)

17.16

Price/Sales (Trailing)

9.48

EV/EBITDA

8.7

Price/Free Cashflow

60.19

FPI Price/Sales (Trailing)

FPI Profitability

EBT Margin

54.98%

Return on Equity

5.96%

Return on Assets

3.04%

Free Cashflow Yield

1.66%

FPI Fundamentals

FPI Revenue

Revenue (TTM)

56.8M

Rev. Growth (Yr)

-5.38%

Rev. Growth (Qtr)

-44.47%

FPI Earnings

Earnings (TTM)

31.4M

Earnings Growth (Yr)

-17.85%

Earnings Growth (Qtr)

-92.07%

Breaking Down FPI Revenue

52 Week Range

10.1413.27

(Low)(High)

Last 7 days

3.9%

Last 30 days

4.7%

Last 90 days

1.9%

Trailing 12 Months

4.9%

How does FPI drawdown profile look like?

FPI Financial Health

FPI Investor Care

Dividend Yield

2.15%

Dividend/Share (TTM)

0.24

Buy Backs (1Y)

7.23%

Diluted EPS (TTM)

0.5

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	56.8M	0	0	0
2023	60.0M	59.2M	57.7M	57.5M
2022	54.1M	56.4M	59.4M	61.2M
2021	50.6M	50.1M	49.6M	51.7M
2020	54.3M	53.9M	54.6M	50.7M
2019	55.8M	55.3M	52.6M	53.6M
2018	50.3M	50.2M	50.7M	56.1M
2017	33.5M	38.9M	44.0M	46.2M
2016	16.3M	19.5M	22.3M	31.0M
2015	5.6M	7.7M	10.6M	13.8M
2014	2.5M	2.7M	3.4M	4.2M
2013	2.2M	2.2M	2.3M	2.4M
2012	0	0	0	2.1M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Farmland Partners Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 29, 2024	moore danny d.	acquired	43,160	10.79	4,000	-
Apr 29, 2024	grafton jennifer s	acquired	43,160	10.79	4,000	-
Apr 29, 2024	good john a	acquired	43,160	10.79	4,000	-
Mar 22, 2024	fabbri luca	sold (taxes)	-28,838	10.87	-2,653	president and ceo
Mar 21, 2024	moore danny d.	acquired	10,621	11.03	963	-
Mar 21, 2024	heneghan thomas	acquired	9,993	11.03	906	-
Mar 21, 2024	downey chris a	acquired	13,114	11.03	1,189	-
Mar 04, 2024	garrison christine m.	acquired	-	-	9,308	general counsel and secretary

Which funds bought or sold FPI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	Ruedi Wealth Management, Inc.	unchanged	-	-267	2,142	-%
May 06, 2024	NewEdge Wealth, LLC	reduced	-14.84	-43,799	137,752	-%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-512	-	-%
May 06, 2024	Diligent Investors, LLC	new	-	112,066	112,066	0.03%
May 06, 2024	Parallel Advisors, LLC	reduced	-93.61	-16,938	1,021	-%
May 06, 2024	Hilltop National Bank	new	-	241,980	241,980	0.08%
May 06, 2024	KAYNE ANDERSON CAPITAL ADVISORS LP	sold off	-100	-376,896	-	-%
May 06, 2024	Quantbot Technologies LP	reduced	-67.28	-335,854	137,862	0.01%
May 03, 2024	GSA CAPITAL PARTNERS LLP	reduced	-21.36	-373,000	868,000	0.07%
May 03, 2024	SIGNATUREFD, LLC	added	15,217	48,944	49,306	-%

Are Funds Buying or Selling FPI?

Are funds buying FPI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FPI

No. of Funds

Unveiling Farmland Partners Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	9.78%	4,713,075	SC 13G
Feb 09, 2024	massachusetts financial services co /ma/	5.7%	2,755,880	SC 13G
Feb 09, 2024	global alpha capital management ltd.	4.7%	2,284,069	SC 13G/A
Jan 26, 2024	blackrock inc.	7.9%	3,784,006	SC 13G/A
Oct 10, 2023	pittman paul a	5.3%	2,567,805	SC 13D
Feb 10, 2023	global alpha capital management ltd.	5.3%	2,876,707	SC 13G/A
Feb 03, 2023	blackrock inc.	6.5%	3,543,092	SC 13G
Nov 24, 2021	blackrock inc.	4.7%	2,127,132	SC 13G/A
Nov 10, 2021	blackrock inc.	4.7%	2,127,132	SC 13G/A
Feb 11, 2021	massachusetts financial services co /ma/	0.0%	0	SC 13G/A

Recent SEC filings of Farmland Partners Inc

View All Filings

Date Filed	Form Type	Document
May 01, 2024	10-Q	Quarterly Report
May 01, 2024	4	Insider Trading
May 01, 2024	4	Insider Trading
May 01, 2024	4	Insider Trading
Apr 30, 2024	8-K	Current Report
Apr 29, 2024	8-K	Current Report
Mar 26, 2024	4	Insider Trading
Mar 25, 2024	4	Insider Trading
Mar 25, 2024	4	Insider Trading
Mar 25, 2024	4	Insider Trading

Peers (Alternatives to Farmland Partners Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	84.7B	11.2B	-4.62%	-6.12%	42.91	7.56	3.63%	50.79%
CCI	41.8B	6.8B	-4.58%	-17.37%	29.96	6.1	-2.39%	-16.60%
AVB	27.9B	2.8B	8.20%	8.63%	29.16	9.93	5.72%	-6.47%
ARE	20.9B	3.0B	-3.93%	-2.18%	106.61	7.09	10.44%	-73.79%
AMH	13.4B	-	1.39%	3.90%	31.65	8.24	8.93%	11.87%
REG	11.0B	1.4B	1.05%	-0.44%	29.39	8.02	10.48%	-2.93%
BXP	9.6B	3.3B	-0.78%	19.54%	50.23	2.92	5.31%	-77.32%
MID-CAP
FRT	8.5B	1.2B	3.38%	9.20%	35.86	7.43	5.48%	-38.69%
SLG	3.3B	892.3M	-0.89%	140.04%	-6.5	3.73	-5.33%	-307.54%
MAC	3.3B	884.1M	-5.40%	54.41%	-12	3.72	2.90%	-314.82%
SMALL-CAP
AAT	1.3B	444.1M	6.11%	16.74%	19.54	3.02	3.54%	8.91%
AIV	1.2B	198.2M	5.61%	1.35%	-7.62	5.71	-43.33%	-270.70%
MFA	1.1B	650.2M	-3.45%	1.92%	35.5	1.67	27.93%	140.31%
NYMT	562.0M	285.4M	-13.60%	-37.59%	-4.08	1.97	11.05%	83.70%
IVR	442.4M	277.9M	3.16%	-10.49%	-27.9	1.59	44.33%	96.06%

Farmland Partners Inc News

Latest updates

Farmland Partners Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-44.5%	12.00	22.00	12.00	12.00	13.00	22.00	13.00	12.00	14.00	20.00	10.00	10.00	12.00	18.00	11.00	11.00	12.00	22.00	10.00	11.00	11.00
Operating Expenses	-38.9%	7.00	11.00	12.00	9.00	8.00	9.00	8.00	9.00	10.00	9.00	9.00	9.00	8.00	8.00	7.00	7.00	6.00	7.00	7.00	7.00	6.00
S&GA Expenses	-100.0%	-	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	2.00	2.00	2.00	2.00	1.00	1.00	1.00	2.00	1.00	1.00	1.00
EBITDA Margin	0.4%	1.08*	1.07*	0.87*	0.75*	0.62*	0.58*	0.69*	0.67*	0.59*	0.65*	0.55*	-	-	-	-	-	-	-	-	-	-
Interest Expenses	-11.0%	5.00	6.00	6.00	6.00	5.00	5.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	5.00	5.00	5.00	5.00	5.00
Income Taxes	58.3%	0.00	0.00	-0.19	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-0.02	-	-	-
Earnings Before Taxes	-92.0%	1.00	18.00	4.00	8.00	2.00	7.00	1.00	3.00	1.00	13.00	-2.67	-2.86	2.00	6.00	1.00	0.00	0.00	10.00	-1.46	7.00	0.00
EBT Margin	0.3%	0.55*	0.55*	0.36*	0.30*	0.21*	0.20*	0.31*	0.26*	0.17*	0.20*	0.07*	-	-	-	-	-	-	-	-	-	-
Net Income	-92.1%	1.00	18.00	4.00	8.00	2.00	7.00	1.00	3.00	1.00	13.00	-2.67	-2.86	2.00	6.00	1.00	0.00	0.00	10.00	-1.46	7.00	0.00
Net Income Margin	0.2%	0.55*	0.55*	0.36*	0.29*	0.21*	0.20*	0.31*	0.26*	0.17*	0.20*	0.07*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	66.3%	12.00	7.00	-3.66	-6.44	16.00	8.00	0.00	-1.87	10.00	7.00	-6.98	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.9%	1,031	1,022	1,069	1,125	1,154	1,160	1,128	1,125	1,115	1,122	1,097	1,104	1,075	1,091	1,080	1,087	1,103	1,103	1,097	1,112	1,138
Cash Equivalents	13.5%	6.00	5.00	6.00	9.00	12.00	8.00	9.00	20.00	16.00	30.00	21.00	40.00	36.00	27.00	7.00	12.00	15.00	13.00	9.00	22.00	19.00
Goodwill	0%	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	-	-	-	-	-	-	-	-	-	-	-
Liabilities	3.4%	405	391	439	490	470	456	427	442	487	529	521	523	512	525	527	528	537	526	526	531	546
Shareholder's Equity	-0.4%	527	529	529	535	577	594	591	569	510	472	317	323	305	306	294	300	307	314	309	317	328
Retained Earnings	2.0%	32.00	31.00	15.00	11.00	4.00	4.00	-2.19	-2.46	-4.51	-4.74	-11.07	-5.46	0.00	1.00	-1.93	1.00	4.00	6.00	0.00	5.00	2.00
Additional Paid-In Capital	0.1%	578	577	580	587	633	647	647	624	563	524	375	373	348	346	333	336	337	338	339	335	348
Shares Outstanding	0.3%	48.00	48.00	48.00	51.00	54.00	54.00	53.00	50.00	46.00	45.00	33.00	31.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	537	-	-	-	681	-	-	-	334	-	-	-	203	-	-	-	210	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	66.3%	11,897	7,155	-3,662	-6,445	15,839	8,295	318	-1,871	10,309	6,618	-6,979	-3,189	11,406	9,565	179	-2,885	12,867	11,017	-5,150	-1,703	13,830
Share Based Compensation	-1.8%	491	500	475	473	405	345	351	185	642	344	334	334	251	272	271	275	242	267	385	382	394
Cashflow From Investing	-124.6%	-14,497	58,895	59,617	34,038	5,911	-34,673	-9,222	-8,684	-7,819	-9,629	-6,439	-27,720	25,019	6,397	5,564	7,252	-545	-2,298	-759	31,506	2,603
Cashflow From Financing	105.0%	3,339	-66,618	-61,126	-28,594	-17,175	25,163	-1,924	14,150	-16,559	11,809	-5,368	34,998	-27,572	4,147	-10,233	-7,763	-9,889	-4,721	-7,887	-26,594	-14,174
Dividend Payments	-100.0%	-	2,900	2,937	3,177	3,259	3,259	3,165	2,428	2,274	1,647	1,641	1,542	1,530	1,458	1,488	1,498	1,498	1,521	1,504	1,393	1,759
Buy Backs	-100.0%	-	3,528	7,172	47,097	14,592	-	-	-	-	-	-	500	200	251	3,372	1,797	1,399	823	1,714	12,926	6,540

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FPI Income Statement

2024-03-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
OPERATING REVENUES:
Rental income	$ 10,207	$ 10,726
Total operating revenues	11,990	12,672
OPERATING EXPENSES
Depreciation, depletion and amortization	1,481	1,794
Property operating expenses	1,798	2,182
Cost of goods sold	541	946
Acquisition and due diligence costs	27	14
General and administrative expenses	2,627	2,606
Legal and accounting	333	244
Other operating expenses	36	49
Total operating expenses	6,843	7,835
OTHER (INCOME) EXPENSE:
Other (income)	(120)	(11)
(Income) loss from equity method investment	(77)	27
(Gain) loss on disposition of assets, net	86	(1,826)
(Income) from forfeited deposits	(1,205)
Interest expense	5,036	4,924
Total other expense	3,720	3,114
Net income before income tax (benefit) expense	1,427	1,723
Income tax expense	19	9
NET INCOME	1,408	1,714
Net (income) attributable to non-controlling interests in operating partnership	(35)	(38)
Net income attributable to the Company	1,373	1,676
Distributions on Series A Preferred Units	(743)	(803)
Net income available to common stockholders of Farmland Partners Inc.	$ 606	$ 857
Basic and diluted per common share data:
Basic net income available to common stockholders	$ 0.01	$ 0.02
Diluted net income available to common stockholders	$ 0.01	$ 0.02
Basic weighted average common shares outstanding (in shares)	47,704	54,007
Diluted weighted average common shares outstanding (in shares)	47,704	54,007
Dividends declared per common share	$ 0.06	$ 0.06
Performance Based Unvested Restricted Shares
OTHER (INCOME) EXPENSE:
Dividend equivalent rights or nonforfeitable distributions allocated to restricted shares	$ (2)
Time Based Unvested Restricted Shares
OTHER (INCOME) EXPENSE:
Dividend equivalent rights or nonforfeitable distributions allocated to restricted shares	(22)	$ (16)
Crop sales
OPERATING REVENUES:
Revenue	660	360
Other revenue
OPERATING REVENUES:
Revenue	$ 1,123	$ 1,586

FPI Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Land, at cost	$ 885,993	$ 869,848
Grain facilities	12,459	12,222
Groundwater	11,472	11,472
Irrigation improvements	41,345	41,988
Drainage improvements	10,315	10,315
Permanent plantings	42,286	39,620
Other	4,698	4,696
Construction in progress	1,795	4,453
Real estate, at cost	1,010,363	994,614
Less accumulated depreciation	(33,596)	(33,083)
Total real estate, net	976,767	961,531
Deposits		426
Cash and cash equivalents	6,228	5,489
Assets held for sale	26	28
Loans and financing receivables, net	31,170	31,020
Right of use asset	355	399
Accounts receivable, net	1,741	7,743
Derivative asset	1,602	1,707
Inventory	2,699	2,335
Equity method investments	4,053	4,136
Intangible assets, net	2,030	2,035
Goodwill	2,706	2,706
Prepaid and other assets	1,697	2,447
TOTAL ASSETS	1,031,074	1,022,002
LIABILITIES
Mortgage notes and bonds payable, net	380,890	360,859
Lease liability	355	399
Dividends payable	2,964	13,286
Accrued interest	4,376	4,747
Accrued property taxes	2,523	1,898
Deferred revenue	9,889	2,149
Accrued expenses	3,659	7,854
Total liabilities	404,656	391,192
Commitments and contingencies (See Note 8)
Redeemable non-controlling interest in operating partnership, Series A preferred units	99,743	101,970
EQUITY
Common stock, $0.01 par value, 500,000,000 shares authorized; 48,154,991 shares issued and outstanding at March 31, 2024, and 48,002,716 shares issued and outstanding at December 31, 2023	466	466
Additional paid in capital	577,648	577,253
Retained earnings	32,041	31,411
Cumulative dividends	(98,830)	(95,939)
Other comprehensive income	2,476	2,691
Non-controlling interests in operating partnership	12,874	12,958
Total equity	526,675	528,840
TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS IN OPERATING PARTNERSHIP AND EQUITY	$ 1,031,074	$ 1,022,002

About Farmland Partners Inc

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 June 30, 2023, the Company owns and/or manages approximately 190,200 acres in 20 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Louisiana, Michigan, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina, Texas, and Virginia. In addition, the Company owns land and buildings for four agriculture equipment dealerships in Ohio leased to Ag Pro under the John Deere brand. The Company has 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.

CEO	Mr. Luca Fabbri
WEBSITE	farmlandpartners.com
INDUSTRY	REIT Mortgage
EMPLOYEES	28

Farmland Partners Inc Frequently Asked Questions

What is the ticker symbol for Farmland Partners Inc? What does FPI stand for in stocks?

FPI is the stock ticker symbol of Farmland Partners Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Farmland Partners Inc (FPI)?

As of Tue May 07 2024, market cap of Farmland Partners Inc is 538.37 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FPI stock?

You can check FPI's fair value in chart for subscribers.

What is the fair value of FPI stock?

You can check FPI's fair value in chart for subscribers. The fair value of Farmland Partners Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Farmland Partners Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FPI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Farmland Partners Inc a good stock to buy?

The fair value guage provides a quick view whether FPI is over valued or under valued. Whether Farmland Partners Inc is cheap or expensive depends on the assumptions which impact Farmland Partners Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FPI.

What is Farmland Partners Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, FPI's PE ratio (Price to Earnings) is 17.16 and Price to Sales (PS) ratio is 9.48. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FPI PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Farmland Partners Inc's stock?

In the past 10 years, Farmland Partners Inc has provided 0.015 (multiply by 100 for percentage) rate of return.