Farmland Partners declares $1.15 dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 13 2024
0mins
Should l Buy FPI?
Dividend Announcement: Farmland Partners declared a one-time dividend of $1.15 per share, payable on January 8, with shareholders of record as of December 23.
Financial Performance: In Q3 2024, Farmland Partners reported FFO of $0.03 and revenue of $13.32 million, both exceeding expectations, alongside a significant farmland sale worth $289 million.
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Analyst Views on FPI
About FPI
Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire North American farmland and makes loans to farmers secured by farm real estate. The Company owns and/or manages approximately 141,800 acres of farmland in 16 states, including Arkansas, California, Colorado, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Ohio, South Carolina, Texas, and West 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. Its farm crops includes primary crops and specialty crops. The primary crops includes corn, soybeans, wheat, rice, and cotton. The specialty crops consists of almonds, pistachios, citrus, strawberries, and edible beans. The Company also provides agricultural lending product focused on farmers as a complement to the Company's business of acquiring and owning farmland and leasing it to farmers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Wall Street Analysts Adjust Ratings
- Analyst Rating Updates: Top Wall Street analysts have adjusted their ratings on several companies, including upgrades, downgrades, and initiations, reflecting the latest market views and expectations for these firms.
- Market Dynamics Observation: While specific company names are not disclosed, changes in analyst ratings typically influence investor confidence, thereby directly impacting the market performance of the related stocks.
- Investor Decision Reference: Investors considering buying FPI stock can refer to these analyst rating changes to make more informed investment decisions, although specific recommendations are not provided.
- Transparent Information Source: Benzinga's market news and data aim to provide investors with comprehensive insights into analyst rating changes, helping them better understand market dynamics.
See More
Farmland Partners Stock Surpasses Analyst Target Price
- Stock Performance: Farmland Partners Inc (Symbol: FPI) has surpassed the analyst-set 12-month target price of $12.50, currently trading at $12.62, indicating increased market confidence which may attract more investor interest.
- Analyst Reactions: When a stock reaches its target price, analysts typically either downgrade their valuation or raise their target; currently, targets range from $11.00 to $14.00, with a standard deviation of $1.5, reflecting varied market perspectives.
- Market Signal: The stock's rise above the average target price provides a good signal for investors to reassess the company, prompting them to consider whether the current price is just a stop on the way to a higher target or if the valuation has become stretched and warrants profit-taking.
- Analyst Ratings: According to Zacks research, the average rating for FPI ranges from 1 to 5, where 1 is Strong Buy and 5 is Strong Sell, indicating a divergence in analyst opinions that investors should navigate carefully.
See More
Farmland Partners (FPI) Earnings Transcript
See More
Farmland Partners Reports Strong Q4 2025 Earnings with 50% Dividend Increase
- Strong Financial Performance: Farmland Partners reported a net income of $32.2 million for 2025 and $21.8 million for Q4, translating to $0.65 and $0.49 per share for common stockholders, respectively, despite being lower than the same periods in 2024, indicating resilience in asset dispositions and increased variable rents.
- Significant Dividend Increase: The company announced a 50% increase in its quarterly dividend to $0.09 per share, reflecting strong AFFO performance and reduced debt, showcasing management's confidence in future cash flows and aiming to enhance shareholder returns.
- Asset Dispositions and Cost Control: By selling Murray Wise Associates, Farmland Partners successfully lowered G&A costs, with expectations for further reductions, while asset impairments increased by $17 million related to West Coast properties, highlighting the need for market adjustments.
- Cautiously Optimistic 2026 Outlook: The forecast for 2026 net income ranges from $8.8 million to $10.9 million, with AFFO expected between $14.4 million and $16.4 million, and while facing uncertainties in the agricultural market, management remains optimistic about the company's future financial performance.
See More
Farmland Partners Declares 50% Increase in Quarterly Dividend
- Dividend Increase: Farmland Partners has declared a quarterly dividend of $0.09 per share, representing a 50% increase from the previous $0.06, indicating the company's robust financial health in the current economic climate.
- Stable Yield: The forward yield of 3.08% provides investors with a reliable cash flow, enhancing the company's attractiveness in a high-interest-rate environment.
- Payment Schedule: The dividend will be payable on April 15, with a record date of April 1 and an ex-dividend date also set for April 1, ensuring shareholders receive their earnings promptly.
- Market Performance: Farmland Partners' asset value is reported to be 30% above market price, reflecting the company's strengths in asset management and market positioning, despite challenges posed by rising interest rates.
See More
Farmland Partners to Announce Q4 Earnings on February 18
- Earnings Announcement Schedule: Farmland Partners is set to release its Q4 earnings on February 18 after market close, with consensus estimates predicting a Funds From Operations (FFO) of $0.20 and revenues of $17.14 million, providing critical insights into the company's financial health.
- Market Expectation Analysis: Amid rising interest rates, Farmland Partners' asset value is estimated to be 30% above market price, indicating strong asset management and potential resilience in investment returns, which has attracted investor interest.
- Historical Earnings Data: The historical earnings data for Farmland Partners will serve as a crucial reference for analysts and investors to assess the sustainability of its financial performance and future growth potential, especially in an uncertain economic environment.
- Ratings and Analysis: Seeking Alpha's quantitative rating on Farmland Partners highlights its relative attractiveness in the current market, suggesting that despite higher interest rate challenges, there may still be upside potential, reflecting market confidence in its future performance.
See More
Wall Street Analysts Adjust Ratings
- Analyst Rating Updates: Top Wall Street analysts have adjusted their ratings on several companies, including upgrades, downgrades, and initiations, reflecting the latest market views and expectations for these firms.
- Market Dynamics Observation: While specific company names are not disclosed, changes in analyst ratings typically influence investor confidence, thereby directly impacting the market performance of the related stocks.
- Investor Decision Reference: Investors considering buying FPI stock can refer to these analyst rating changes to make more informed investment decisions, although specific recommendations are not provided.
- Transparent Information Source: Benzinga's market news and data aim to provide investors with comprehensive insights into analyst rating changes, helping them better understand market dynamics.
See More
Farmland Partners Stock Surpasses Analyst Target Price
- Stock Performance: Farmland Partners Inc (Symbol: FPI) has surpassed the analyst-set 12-month target price of $12.50, currently trading at $12.62, indicating increased market confidence which may attract more investor interest.
- Analyst Reactions: When a stock reaches its target price, analysts typically either downgrade their valuation or raise their target; currently, targets range from $11.00 to $14.00, with a standard deviation of $1.5, reflecting varied market perspectives.
- Market Signal: The stock's rise above the average target price provides a good signal for investors to reassess the company, prompting them to consider whether the current price is just a stop on the way to a higher target or if the valuation has become stretched and warrants profit-taking.
- Analyst Ratings: According to Zacks research, the average rating for FPI ranges from 1 to 5, where 1 is Strong Buy and 5 is Strong Sell, indicating a divergence in analyst opinions that investors should navigate carefully.
See More
Farmland Partners (FPI) Earnings Transcript
See More
Farmland Partners Reports Strong Q4 2025 Earnings with 50% Dividend Increase
- Strong Financial Performance: Farmland Partners reported a net income of $32.2 million for 2025 and $21.8 million for Q4, translating to $0.65 and $0.49 per share for common stockholders, respectively, despite being lower than the same periods in 2024, indicating resilience in asset dispositions and increased variable rents.
- Significant Dividend Increase: The company announced a 50% increase in its quarterly dividend to $0.09 per share, reflecting strong AFFO performance and reduced debt, showcasing management's confidence in future cash flows and aiming to enhance shareholder returns.
- Asset Dispositions and Cost Control: By selling Murray Wise Associates, Farmland Partners successfully lowered G&A costs, with expectations for further reductions, while asset impairments increased by $17 million related to West Coast properties, highlighting the need for market adjustments.
- Cautiously Optimistic 2026 Outlook: The forecast for 2026 net income ranges from $8.8 million to $10.9 million, with AFFO expected between $14.4 million and $16.4 million, and while facing uncertainties in the agricultural market, management remains optimistic about the company's future financial performance.
See More
Farmland Partners Declares 50% Increase in Quarterly Dividend
- Dividend Increase: Farmland Partners has declared a quarterly dividend of $0.09 per share, representing a 50% increase from the previous $0.06, indicating the company's robust financial health in the current economic climate.
- Stable Yield: The forward yield of 3.08% provides investors with a reliable cash flow, enhancing the company's attractiveness in a high-interest-rate environment.
- Payment Schedule: The dividend will be payable on April 15, with a record date of April 1 and an ex-dividend date also set for April 1, ensuring shareholders receive their earnings promptly.
- Market Performance: Farmland Partners' asset value is reported to be 30% above market price, reflecting the company's strengths in asset management and market positioning, despite challenges posed by rising interest rates.
See More
Farmland Partners to Announce Q4 Earnings on February 18
- Earnings Announcement Schedule: Farmland Partners is set to release its Q4 earnings on February 18 after market close, with consensus estimates predicting a Funds From Operations (FFO) of $0.20 and revenues of $17.14 million, providing critical insights into the company's financial health.
- Market Expectation Analysis: Amid rising interest rates, Farmland Partners' asset value is estimated to be 30% above market price, indicating strong asset management and potential resilience in investment returns, which has attracted investor interest.
- Historical Earnings Data: The historical earnings data for Farmland Partners will serve as a crucial reference for analysts and investors to assess the sustainability of its financial performance and future growth potential, especially in an uncertain economic environment.
- Ratings and Analysis: Seeking Alpha's quantitative rating on Farmland Partners highlights its relative attractiveness in the current market, suggesting that despite higher interest rate challenges, there may still be upside potential, reflecting market confidence in its future performance.
See More
