Farmland Partners Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $10.345
- Today's High:
- $10.76
- Open Price:
- $10.41
- 52W Low:
- $9.3392
- 52W High:
- $14.5133
- Prev. Close:
- $10.39
- Volume:
- 452714
Company Statistics
- Market Cap.:
- $520.25 million
- Book Value:
- 10.741
- Revenue TTM:
- $59.23 million
- Operating Margin TTM:
- 41.99%
- Gross Profit TTM:
- $47.11 million
- Profit Margin:
- 28.77%
- Return on Assets TTM:
- 1.38%
- Return on Equity TTM:
- 2.65%
Company Profile
Farmland Partners Inc had its IPO on 2014-04-11 under the ticker symbol FPI.
The company operates in the Real Estate sector and REIT-Specialty industry. Farmland Partners Inc has a staff strength of 28 employees.
Stock update
Shares of Farmland Partners Inc opened at $10.41 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $10.35 - $10.76, and closed at $10.69.
This is a +2.89% increase from the previous day's closing price.
A total volume of 452,714 shares were traded at the close of the day’s session.
In the last one week, shares of Farmland Partners Inc have slipped by -4.38%.
Farmland Partners Inc's Key Ratios
Farmland Partners Inc has a market cap of $520.25 million, indicating a price to book ratio of 1.229 and a price to sales ratio of 11.9712.
In the last 12-months Farmland Partners Inc’s revenue was $59.23 million with a gross profit of $47.11 million and an EBITDA of $32.42 million. The EBITDA ratio measures Farmland Partners Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Farmland Partners Inc’s operating margin was 41.99% while its return on assets stood at 1.38% with a return of equity of 2.65%.
In Q2, Farmland Partners Inc’s quarterly earnings growth was a positive 200% while revenue growth was a negative 6.3%.
Farmland Partners Inc’s PE and PEG Ratio
- Forward PE
- 48.0769
- Trailing PE
- 39.9615
- PEG
- 0
Its diluted EPS in the last 12-months stands at $0.26 per share while it has a forward price to earnings multiple of 48.0769 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Farmland Partners Inc’s profitability.
Farmland Partners Inc stock is trading at a EV to sales ratio of 18.6767 and a EV to EBITDA ratio of 27.0187. Its price to sales ratio in the trailing 12-months stood at 11.9712.
Farmland Partners Inc stock pays annual dividends of $0.24 per share, indicating a yield of 2.24% and a payout ratio of 92.31%.
Balance sheet and cash flow metrics
- Total Assets
- $1.13 billion
- Total Liabilities
- $18.13 million
- Operating Cash Flow
- $34.04 million
- Capital Expenditure
- $10.36 million
- Dividend Payout Ratio
- 92.31%
Farmland Partners Inc ended 2024 with $1.13 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.13 billion while shareholder equity stood at $522.01 million.
Farmland Partners Inc ended 2024 with $1.14 million in deferred long-term liabilities, $18.13 million in other current liabilities, 475000.00 in common stock, $-68710000.00 in retained earnings and $2.71 million in goodwill. Its cash balance stood at $11.23 million and cash and short-term investments were $11.23 million. The company’s total short-term debt was $509,000 while long-term debt stood at $471.04 million.
Farmland Partners Inc’s total current assets stands at $37.82 million while long-term investments were $4.16 million and short-term investments were $4.16 million. Its net receivables were $23.68 million compared to accounts payable of $-509000.00 and inventory worth $2.75 million.
In 2024, Farmland Partners Inc's operating cash flow was $34.04 million while its capital expenditure stood at $10.36 million.
Comparatively, Farmland Partners Inc paid $0.92 in dividends in 2024.
Other key metrics
- Current Trading Price
- $10.69
- 52-Week High
- $14.5133
- 52-Week Low
- $9.3392
- Analyst Target Price
- $12.8
Farmland Partners Inc stock is currently trading at $10.69 per share. It touched a 52-week high of $14.5133 and a 52-week low of $14.5133. Analysts tracking the stock have a 12-month average target price of $12.8.
Its 50-day moving average was $11.64 and 200-day moving average was $11.59 The short ratio stood at 5.23 indicating a short percent outstanding of 0%.
Around 881.1% of the company’s stock are held by insiders while 5295.1% are held by institutions.
Frequently Asked Questions About Farmland Partners Inc
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About
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.