Media stories about Farmland Partners (NYSE:FPI) have been trending somewhat negative on Wednesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Farmland Partners earned a coverage optimism score of -0.01 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 43.838136584787 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
Get Farmland Partners alerts: Glancy Prongay & Murray LLP Continues Investigation on Behalf of Farmland Partners Inc. Investors (FPI) (businesswire.com) Farmland Partners up 3.4% on its defense against short’s post on SA (seekingalpha.com) Robbins Arroyo LLP: Farmland Partners Inc. Accused of Overstating Revenue in Recently Filed Class Action (businesswire.com) Scott+Scott Attorneys at Law LLP Alerts Investors to the Filing of Securities Class Action Against Farmland Partners, Inc. (FPI) (marketwatch.com) Farmland Partners goes on the offensive after short-seller’s ‘damaging attack’ (bizjournals.com)Several analysts recently weighed in on the company. Zacks Investment Research lowered Farmland Partners from a “buy” rating to a “hold” rating in a report on Tuesday, May 15th. ValuEngine lowered Farmland Partners from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Finally, B. Riley upgraded Farmland Partners from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $8.50 to $8.00 in a research note on Thursday, July 12th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $8.92.
FPI stock opened at $6.24 on Wednesday. Farmland Partners has a twelve month low of $5.15 and a twelve month high of $9.68. The firm has a market capitalization of $205.10 million, a price-to-earnings ratio of 17.33 and a beta of 0.13.
Farmland Partners (NYSE:FPI) last released its earnings results on Wednesday, May 9th. The financial services provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). Farmland Partners had a return on equity of 2.68% and a net margin of 19.85%. The business had revenue of $11.21 million during the quarter, compared to analysts’ expectations of $10.96 million. sell-side analysts expect that Farmland Partners will post 0.36 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 16th. Shareholders of record on Monday, July 2nd were paid a $0.127 dividend. The ex-dividend date of this dividend was Friday, June 29th. This represents a $0.51 dividend on an annualized basis and a yield of 8.14%. Farmland Partners’s payout ratio is 141.67%.
In other news, CEO Paul A. Pittman purchased 3,000 shares of the company’s stock in a transaction dated Monday, May 21st. The shares were acquired at an average price of $8.38 per share, with a total value of $25,140.00. Following the transaction, the chief executive officer now owns 1,181,286 shares of the company’s stock, valued at $9,899,176.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jay Bartels sold 3,200 shares of the stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $7.92, for a total value of $25,344.00. Following the transaction, the director now directly owns 4,686 shares in the company, valued at approximately $37,113.12. The disclosure for this sale can be found here. In the last quarter, insiders acquired 9,252 shares of company stock worth $74,793. Insiders own 2.76% of the company’s stock.
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 or has under contract over 166,000 acres in 17 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota, Texas and Virginia.
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