Farmland Partners (FPI)
NYSE:FPI
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FPI Stock Chart & Stats
$11.79
$0.16(1.38%)
At close: 4:00 PM EST
$11.79
$0.16(1.38%)
Day’s Range― - ―
52-Week Range$9.37 - $13.23
Previous CloseN/A
Volume332.42K
Average Volume (3M)334.06K
Market Cap
$452.75M
Enterprise Value$662.12M
Total Cash (Recent Filing)$17.74M
Total Debt (Recent Filing)$231.91M
Price to Earnings (P/E)14.9
Beta0.49
Next Earnings
Jul 29, 2026EPS Estimate
0.02Next Dividend Ex-DateN/A
Dividend Yield14.23%
Share Statistics
EPS (TTM)0.70
Shares Outstanding43,617,203
10 Day Avg. Volume327,002
30 Day Avg. Volume334,059
Financial Highlights & Ratios
PEG Ratio-0.34
Price to Book (P/B)0.93
Price to Sales (P/S)8.21
P/FCF Ratio24.58
Enterprise Value/Market Cap1.46
Enterprise Value/Revenue12.30
Enterprise Value/Gross Profit15.62
Enterprise Value/Ebitda17.90
Forecast
1Y Price Target
$11.50Price Target Upside-2.46% Downside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)0.2
Revenue Forecast (FY)$35.55M
Bulls Say, Bears Say
Bulls Say
Improved LeverageFarmland's meaningful reduction in leverage versus 2021–2022 and a moderate debt-to-equity posture creates durable financial flexibility. Lower leverage reduces interest burden and refinancing risk, enabling steadier dividend coverage, opportunistic land acquisitions, and resilience through multi-season agricultural cycles.
Strong Profit MarginsHigh gross and net margins reported in the latest TTM indicate the business earns strong spread on farmland rents and related services. Sustainable margins support internal cash generation, absorb commodity-driven rent variability, and underpin long-term distribution capacity and reinvestment into property improvements.
Improving Cash GenerationImproved operating and free cash flow into the TTM enhances the company's ability to service debt, fund maintenance and capex, and maintain distributions. Consistent positive FCF over multiple periods strengthens balance-sheet durability and supports strategic capital allocation in a capital-intensive REIT model.
Bears Say
Contracting RevenueMaterial TTM revenue declines reduce the durable top-line that funds rents, operations, and dividends. For a farmland REIT, shrinking revenue limits reinvestment in properties and capital flexibility, and heightens reliance on asset sales or leverage to sustain distributions during multi-month cropping or tenant-weather cycles.
Volatile Cash & EarningsLarge swings in operating cash flow and earnings reduce predictability of distributable cash and complicate long-term planning. Volatility can force conservative payout policies, complicate capital deployment, and increase the probability of financing during low-cash periods in a business sensitive to crop cycles and timing of tenant payments.
ROE Pressure & Recent Debt IncreaseRising debt alongside falling ROE signals declining capital efficiency and increased financial leverage. Over a multi-month horizon this can constrain growth, raise interest costs, and erode shareholder returns if asset-level yields don't improve, making the REIT more sensitive to interest-rate or operating shocks.
Farmland News
FPI FAQ
What was Farmland Partners’s price range in the past 12 months?
Farmland Partners lowest stock price was $9.37 and its highest was $13.22 in the past 12 months.
What is Farmland Partners’s market cap?
Farmland Partners’s market cap is $452.75M.
When is Farmland Partners’s upcoming earnings report date?
Farmland Partners’s upcoming earnings report date is Jul 29, 2026 which is in 55 days.
How were Farmland Partners’s earnings last quarter?
Farmland Partners released its earnings results on Apr 29, 2026. The company reported $0.01 earnings per share for the quarter, the consensus estimate of $0.01 by $0.
Is Farmland Partners overvalued?
According to Wall Street analysts Farmland Partners’s price is currently Overvalued.
Does Farmland Partners pay dividends?
Farmland Partners pays a Notavailable dividend of $0.06 which represents an annual dividend yield of 14.23%. See more information on Farmland Partners dividends here
What is Farmland Partners’s EPS estimate?
Farmland Partners’s EPS estimate is 0.02.
How many shares outstanding does Farmland Partners have?
Farmland Partners has 43,617,203 shares outstanding.
What happened to Farmland Partners’s price movement after its last earnings report?
Farmland Partners reported an EPS of $0.01 in its last earnings report, expectations of $0.01. Following the earnings report the stock price went down -6.359%.
Which hedge fund is a major shareholder of Farmland Partners?
Currently, no hedge funds are holding shares in FPI
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Farmland Stock Smart Score
Underperform
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Analyst Consensus
Hold
Average Price Target:
$11.50 (-2.46% Downside)
$11.50 (-2.46% Downside)
Blogger Sentiment
Neutral
FPI Sentiment 50%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 1.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 8.4%
Last 30 Days ▼ 9.4%
Last 30 Days ▼ 9.4%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-5.22%
12-Months-Change
Fundamentals
Return on Equity
6.57%
Trailing 12-Months
Asset Growth
-12.18%
Trailing 12-Months
Company Description
Farmland Partners
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. We have 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.
FPI Company Deck
FPI Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed meaningful progress on capital structure and cash-flow metrics — redemption of preferred equity, a 50% dividend increase, reduced debt and $9.2M lower interest expense, improved AFFO and greater liquidity — demonstrating operational discipline and shareholder-friendly actions. Offsetting these positives are declines in reported net income, a $17M impairment tied to West Coast assets, ~ $6M lower operating revenue due to prior dispositions, and management's cautious 2026 guidance (lower expected net income and AFFO). On balance the positives around balance sheet simplification, cash flow (AFFO), dividend increase and access to capital/lending programs materially outweigh the near-term earnings headwinds and localized portfolio impairments.View all FPI earnings summariesFPI Stock 12 Month Forecast
Average Price Target
$11.50
▼(-2.46% Downside)
Technical Analysis
Ownership Overview
7.91% Insiders
14.29% Mutual Funds
7.06% Other Institutional Investors
60.39% Public Companies and
Individual Investors