Farmland Partners Inc and American Farmland Company Stockholders Approve Merger Expected to Close on February 2, 2017

what is the symbol of farmland partners inc.

Farmland Partners saw a increase in short interest in the month of May. As of May 31st, there was short interest totaling 1,970,000 shares, an increase of 7.7% from the May 15th total of 1,830,000 shares. Based on an average daily volume of 472,700 shares, the short-interest ratio is presently 4.2 days. Farmland Partners’ stock was trading at $12.46 at the beginning of the year.

what is the symbol of farmland partners inc.

For example, a price above its moving average is generally considered an upward trend or a buy. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

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But industrial production advanced 4.4%, above views for 2.7%. Meanwhile, Tesla earnings are due Wednesday night for the second quarter, following strong preliminary results from China EV giant BYD (BYDDF). The EV maker on Saturday showed off its first Cybertruck made at its Austin plant.

what is the symbol of farmland partners inc.

Said premiums are distributed to shareholders helping boost the fund’s yield to 12.1%. 2 equities research analysts have issued twelve-month target prices for Farmland Partners’ shares. On average, they predict the company’s share price to reach $14.50 in the next year. This suggests a possible upside of 16.7% from the stock’s current price.

FPI Related stocks

Farmland Partners declared a quarterly dividend on Wednesday, May 3rd. Stockholders of record on Monday, July 3rd will be paid a dividend of $0.06 per share on Monday, July 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.93%. The best real estate stocks have the potential to grow over the long term while continuing to offer the security of real property.

what is the symbol of farmland partners inc.

For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance.

Properties Owned by FPI

Still, the fund has many important downsides, and is definitely not an investment for everyone. Some investors might prefer higher potential capital gains, and the likelihood of (slightly) stronger total returns. Farmland Partners Inc. is a real estate company that acquires high-quality North American farmland and makes loans to farmers secured by farm real estate. Its properties are farmed by over 100 tenants growing more than 20 commercial crops. The company was founded in 2013 and is headquartered in Denver, CO.

  • Robert L. Cowan, former President and Chief Investment Officer of AFCO, joined the combined company as its President.
  • As a practical matter, a lot of stocks are now extended from buy points, such as Nvidia.
  • The bank ETFs pared weekly gains Friday, after a number of big financials reported.
  • Besides the direct, quantitative benefits of this, I think there are important psychological/sentiment benefits too.
  • On a consolidated basis, the combined portfolio consists of approximately 75% primary row crop farmland and 25% specialty crops (fresh fruits and vegetables and permanent crops) by value.

Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. 52 week low is the lowest price of a stock in the past 52 weeks, or one year. Farmland Partners Inc 52 week low is $9.44 as of July 17, 2023. 52 week high is the highest price of a stock in the past 52 weeks, or one year.

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SPYI provides investors with a strong 12.1% yield, moderately reduced potential capital gains, and average downside potential. In my opinion the fund is a buy, but not significantly stronger than most other covered call ETFs in the market. As with other covered call ETFs, the fund provides investors with a strong 12.1% yield, moderately reduced potential capital gains, and average downside potential.

‘The Big Short’ Michael Burry Bought Farmland. Here’s Why – Seeking Alpha

‘The Big Short’ Michael Burry Bought Farmland. Here’s Why.

Posted: Sun, 30 Apr 2023 07:00:00 GMT [source]

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session. But investors may want to exercise caution in the very near term. The Nasdaq is somewhat extended, raising the risks of a pullback. Many stocks that flashed buy signals late in the week fell back Friday with the Nasdaq reversing slightly lower Meanwhile, many other leading stocks are extended as well. The stock market rally had a powerful week, with the S&P 500 and Nasdaq composite running to fresh 52-week highs. Dow Jones futures fell slightly early Monday morning, along with S&P 500 futures and Nasdaq futures, amid weak China GDP data.

News & Analysis

Commenting on the merger, Paul Pittman, FPI Chairman and CEO, said, “We are now the largest, most diversified, most liquid REIT investing in farmland – and we look forward to continued accretive growth.” One share of FPI stock can currently be purchased for approximately $12.42. Investors also will be interested in news about an upcoming updated Model 3. Investors also will look for news on a future Mexico plant, which will make Tesla’s next-generation model. Musk has hinted at the next-gen model, but no more than that. Analysts expect Tesla earnings to show a modest gain vs. a year earlier.

Farmland Partners Inc. Completes Merger with American Farmland … – PR Newswire

Farmland Partners Inc. Completes Merger with American Farmland ….

Posted: Thu, 02 Feb 2017 08:00:00 GMT [source]

Farmland Partners, Inc. operates as a real estate investment trust. The firm engages in the management and acquisition of farmland and land with agricultural development potential. Its property portfolio focuses on the primary crops, such as corn, soybeans, wheat, rice and cotton and the remaining land is used to grow specialty crops, such as almond, citrus, blueberries, vegetables and edible beans. The company was founded on September 27, 2013 and is headquartered in Denver, CO. Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America.

Cash Flow Quarterly

SPYI is an actively-managed fund, so the specific characteristics of its options vary. Friday’s retreat from highs could reflect the market’s need for a pause. Many leading stocks erased gains or reversed lower, but weekly charts generally look strong. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address events or developments that we expect or anticipate will occur in the future are forward-looking statements. These statements are not guarantees of future events and involve certain risks, uncertainties and assumptions that are difficult to predict.

  • The Dow Jones Industrial Average rose 2.3% in last week’s stock market trading, hitting a 2023 high and just below a 52-week best.
  • SPYI underperformed by less than its peers, however, as its strategy is less aggressive, and so reduced capital gains by less.
  • Below are the FFO amounts, dividends, and payout ratios for the last two quarters for FPI.

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