Farmland (FPI)
NYSE:FPI
Want to see FPI full AI Analyst Report?
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)395.34K
Market Cap
$467.27M
Enterprise Value$673.59M
Total Cash (Recent Filing)$17.74M
Total Debt (Recent Filing)$231.91M
Price to Earnings (P/E)189.5
Beta0.50
Next Earnings
Jul 29, 2026EPS Estimate
0.01Next Dividend Ex-DateN/A
Dividend Yield14.23%
Share Statistics
EPS (TTM)0.71
Shares Outstanding43,629,350
10 Day Avg. Volume311,832
30 Day Avg. Volume395,343
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 Cap1.44
Enterprise Value/Revenue12.51
Enterprise Value/Gross Profit15.89
Enterprise Value/Ebitda18.21
Forecast
1Y Price Target
$12.50Price Target Upside6.02% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)0.19
Revenue Forecast (FY)$29.80M
Bulls Say, Bears Say
Bulls Say
Improved Leverage And Balance-sheet ResilienceDebt about half of equity and a meaningful reduction in leverage versus 2021–2022 strengthen financial flexibility. A sturdier balance sheet lowers refinancing and covenant risk, supports dividend coverage and acquisition optionality, and improves ability to absorb agricultural cycle volatility.
Capital-structure Simplification (preferred Redemption)Eliminating the preferred overhang reduces competing claims on cash flow and simplifies governance. That structural change improves common shareholders' residual cash-flow rights, lowers financing complexity and potential dilution, and makes dividend policy and capital allocation decisions more durable.
Growing Loan Program Provides Diversified, Recurring IncomeAn expanding loan program creates a recurring, fee/interest income stream that diversifies revenue away from pure rent dependence. Countercyclical demand for loans can stabilize AFFO through commodity cycles and dispositions, improving long-term cash-generation predictability.
Bears Say
Revenue Contraction From Asset DispositionsSelling assets reduces recurring rental income and shrinks the revenue base unless replaced by accretive acquisitions. Persistent disposition-driven revenue declines can pressure AFFO and make distributions more reliant on sales gains rather than stable lease cash flows, weakening long-term income durability.
Portfolio Impairment Risk (West Coast Exposure)$17M impairment signals regional valuation stress and highlights mark-to-market vulnerability in select markets. Impairments reduce book equity and can presage further write-downs if prices stay soft, constraining future return-on-invested-capital and limiting distribution capacity until recoveries occur.
Guidance Indicates Lower Profitability And AFFOManagement's lower 2026 net income and AFFO guidance reflects structural headwinds: lower crop and variable rent expectations, dispositions reducing recurring revenue, and higher expected interest expense. Prolonged weaker AFFO undermines sustainable dividend growth and limits reinvestment capacity.
Farmland News
FPI FAQ
What was Farmland’s price range in the past 12 months?
Farmland lowest stock price was $9.37 and its highest was $13.22 in the past 12 months.
What is Farmland’s market cap?
Farmland’s market cap is $467.27M.
When is Farmland’s upcoming earnings report date?
Farmland’s upcoming earnings report date is Jul 29, 2026 which is in 85 days.
How were Farmland’s earnings last quarter?
Farmland 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 overvalued?
According to Wall Street analysts Farmland’s price is currently Undervalued.
Does Farmland pay dividends?
Farmland pays a Notavailable dividend of $0.06 which represents an annual dividend yield of 14.23%. See more information on Farmland dividends here
What is Farmland’s EPS estimate?
Farmland’s EPS estimate is 0.01.
How many shares outstanding does Farmland have?
Farmland has 43,629,350 shares outstanding.
What happened to Farmland’s price movement after its last earnings report?
Farmland 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?
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
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$12.50 (6.02% Upside)
$12.50 (6.02% Upside)
Blogger Sentiment
Neutral
FPI Sentiment 50%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 31.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 6.5%
Last 30 Days ▲ 0.5%
Last 30 Days ▲ 0.5%
Technicals
SMA
Positive
20 days / 200 days
Momentum
23.49%
12-Months-Change
Fundamentals
Return on Equity
6.48%
Trailing 12-Months
Asset Growth
-17.21%
Trailing 12-Months
Company Description
Farmland
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
$12.50
▲(6.02% Upside)
Technical Analysis
Ownership Overview
7.91% Insiders
14.44% Mutual Funds
0.79% Other Institutional Investors
62.75% Public Companies and
Individual Investors