Farmland Partners Inc. (NYSE:FPI – Get Rating) CEO Paul A. Pittman bought 1,000 shares of Farmland Partners stock in a transaction dated Tuesday, September 20th. The shares were acquired at an average price of $14.03 per share, with a total value of $14,030.00. Following the completion of the purchase, the chief executive officer now owns 1,259,000 shares in the company, valued at approximately $17,663,770. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Farmland Partners Trading Up 0.5 %
FPI stock opened at $14.20 on Thursday. The firm has a market cap of $771.06 million, a P/E ratio of 1,420.00 and a beta of 0.72. Farmland Partners Inc. has a 12-month low of $10.62 and a 12-month high of $16.43. The stock’s 50 day simple moving average is $14.46 and its 200 day simple moving average is $14.32.
Farmland Partners Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Saturday, October 1st will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Thursday, September 29th. Farmland Partners’s dividend payout ratio is currently 2,400.00%.
Institutional Investors Weigh In On Farmland Partners
Analyst Ratings Changes
FPI has been the subject of several research analyst reports. StockNews.com cut Farmland Partners from a “hold” rating to a “sell” rating in a research note on Thursday, September 15th. Roth Capital initiated coverage on Farmland Partners in a research note on Tuesday, June 21st. They set a “buy” rating and a $16.00 target price for the company. Finally, Raymond James upped their price target on Farmland Partners from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, September 14th.
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 approximately 155,000 acres in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota and Virginia.
- Get a free copy of the StockNews.com research report on Farmland Partners (FPI)
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