Farmland Partners Inc (NYSE:FPI) announced a quarterly dividend on Thursday, February 23rd. Stockholders of record on Saturday, April 1st will be given a dividend of 0.1275 per share on Friday, April 14th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Wednesday, March 29th.
Shares of Farmland Partners (NYSE:FPI) opened at 10.87 on Tuesday. Farmland Partners has a 12-month low of $10.00 and a 12-month high of $11.98. The stock’s 50 day moving average is $10.97 and its 200-day moving average is $10.97. The company has a market capitalization of $186.55 million, a P/E ratio of 122.13 and a beta of 0.19.
FPI has been the subject of a number of research reports. Wunderlich cut shares of Farmland Partners from a “buy” rating to a “hold” rating and set a $11.50 target price for the company. in a report on Wednesday, December 14th. Zacks Investment Research cut shares of Farmland Partners from a “buy” rating to a “hold” rating in a report on Tuesday, January 31st.
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About Farmland Partners
Farmland Partners, Inc is an internally managed real estate company. The Company owns and seeks to acquire primary crop farmland located in agricultural markets throughout North America. The Company is the sole member of the general partner of Farmland Partners Operating Partnership, LP. The Company’s principal investment focus is on farmland located in agricultural markets throughout North America, however, it may seek to acquire farmland outside of North America.
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