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Farmland Partners Inc. (FPI)

Real Estate | REIT - Specialty | Denver, United States | NYSE
10.25 USD
After hours: 10.25
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★⯪☆☆
Hot Take ↕ | Aug. 22, 2026, 4:11 a.m. EDT

The investment case for Farmland Partners remains muddled by conflicting signals. Fundamentally, the business is showing signs of distress with a sharp contraction in earnings (-59% quarterly growth) and revenue (-5.5%), while the forward P/E of 42 suggests the market expects a significant recovery that hasn't materialized yet. The balance sheet is fragile, carrying nearly $225 million in debt against only $11 million in cash, which limits flexibility in a downturn. While the dividend yield of 3.6% looks attractive on the surface, the payout ratio of 59% combined with shrinking free cash flow indicates the dividend is likely under pressure to be cut soon, making it unreliable for income seekers. Technically, the stock is struggling, trading below its 200-day moving average and failing to sustain momentum despite recent minor gains. The statistical forecast model offers no help, predicting essentially flat performance over the next 45 days with moderate confidence. Options data confirms this hesitation, with traders buying insurance (puts) rather than betting on a rally. There is no clear catalyst to drive a 'high-conviction' entry, and the lack of earnings growth makes the current valuation difficult to defend. For now, the prudent stance is to wait for clearer evidence of stabilization in both fundamentals and price action.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.038730
AutoTheta0.045196
AutoETS0.045623
MSTL0.047607

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 54%
H-stat 1.53
Ljung-Box p 0.000
Jarque-Bera p 0.112
Excess Kurtosis 0.83
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-09-30
Last Dividend Date 2026-06-30
Debt to Equity Ratio 48.436
Revenue per Share 1.184
Market Cap 450,218,304
Trailing P/E 20.10
Forward P/E 42.71
Beta 0.69
Profit Margins 50.24%
Website https://www.farmlandpartners.com

As of Aug. 22, 2026, 4:11 a.m. EDT: Speculators are positioning defensively with heavy open interest in out-of-the-money puts (strikes 7.5 and 10.0) across multiple expirations, suggesting a fear of downside volatility. Conversely, call activity is concentrated in deep out-of-the-money strikes (12.5), indicating speculative bets on a rebound rather than a steady grind higher. The implied volatility skew shows elevated premiums for downside protection compared to upside potential, reflecting a market sentiment that expects stagnation or a drop rather than a breakout.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.93% 4.95% 7.04% 4.95%
Dividend History
Date Dividend Yield %
2026-07-01 0.090 0.931677
2026-04-01 0.090 0.800000
2026-01-02 0.060 0.620476
2025-12-23 0.200 2.044990
2025-10-01 0.060 0.554529
2025-07-01 0.060 0.524017
2025-04-01 0.060 0.538600
2025-01-02 0.060 0.510204
2024-12-23 1.150 10.231317
2024-10-01 0.060 0.589970
2024-07-01 0.060 0.532860
2024-03-28 0.060 0.540541
2023-12-29 0.060 0.480769
2023-12-28 0.210 1.622875
2023-09-29 0.060 0.584795
2023-06-30 0.060 0.491400
2023-03-31 0.060 0.560748
2022-12-29 0.060 0.483092
2022-09-29 0.060 0.482703
2022-06-30 0.060 0.434783
2022-03-31 0.050 0.363636
2021-12-31 0.050 0.418410
2021-09-30 0.050 0.417014
2021-06-30 0.050 0.414938
2021-03-31 0.050 0.446030
2020-12-30 0.050 0.584112
2020-09-30 0.050 0.750751
2020-06-30 0.050 0.729927
2020-03-31 0.050 0.823723
2019-12-30 0.050 0.739645
2019-09-30 0.050 0.748503
2019-06-28 0.050 0.709220
2019-03-29 0.050 0.781250
2018-12-28 0.050 1.111111
2018-09-28 0.050 0.746269
2018-06-29 0.128 1.454545
2018-03-29 0.128 1.532934
2017-12-29 0.128 1.474654
2017-09-29 0.128 1.415929
2017-06-28 0.128 1.443067
2017-03-29 0.128 1.170018
2016-12-28 0.128 1.135759
2016-09-28 0.128 1.132743
2016-06-29 0.128 1.151079
2016-03-30 0.128 1.191806
2015-12-30 0.128 1.188486
2015-09-29 0.128 1.281281
2015-06-29 0.128 1.066667
2015-03-30 0.116 1.010453
2014-12-30 0.116 1.106870
2014-09-29 0.105 0.954545
2014-06-27 0.105 0.840000
Additional Data
dividendRate 0.36
dividendYield 3.51
exDividendDate 2026-10-01
trailingAnnualDividendRate 0.3
trailingAnnualDividendYield 0.029268295
lastDividendValue 0.09
lastDividendDate 2026-07-01
dividendDate 2026-10-15

Info Dump

Attribute Value
52 Week Change -0.03936273
Address1 4,600 South Syracuse Street
Address2 Suite 1450
All Time High 16.43
All Time Low 4.45
Ask 10.28
Ask Size 500
Audit Risk 9
Average Analyst Rating 3.0 - Hold
Average Daily Volume10 Day 501,300
Average Daily Volume3 Month 450,266
Average Volume 450,266
Average Volume10Days 501,300
Beta 0.694
Bid 10.24
Bid Size 1,000
Board Risk 9
Book Value 10.607
City Denver
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 5
Country United States
Crypto Tradeable 0
Currency USD
Current Price 10.25
Current Ratio 1.022
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 10.45
Day Low 10.22
Debt To Equity 48.436
Display Name Farmland Partners
Dividend Date 1,792,022,400
Dividend Rate 0.36
Dividend Yield 3.51
Earnings Call Timestamp End 1,785,423,600
Earnings Call Timestamp Start 1,785,423,600
Earnings Growth -0.502
Earnings Quarterly Growth -0.591
Earnings Timestamp 1,785,355,200
Earnings Timestamp End 1,793,822,400
Earnings Timestamp Start 1,793,822,400
Ebitda 26,776,000
Ebitda Margins 0.52436
Enterprise To Ebitda 24.67
Enterprise To Revenue 12.936
Enterprise Value 660,552,896
Eps Forward 0.24
Eps Trailing Twelve Months 0.51
Esg Populated 0
Ex Dividend Date 1,790,812,800
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 720 398 3238
Fifty Day Average 9.7706
Fifty Day Average Change 0.47939968
Fifty Day Average Change Percent 0.04906553
Fifty Two Week Change Percent -3.9362729
Fifty Two Week High 13.225
Fifty Two Week High Change -2.9750004
Fifty Two Week High Change Percent -0.22495276
Fifty Two Week Low 9.21
Fifty Two Week Low Change 1.04
Fifty Two Week Low Change Percent 0.11292073
Fifty Two Week Range 9.21 - 13.225
Financial Currency USD
First Trade Date Milliseconds 1,397,223,000,000
Five Year Avg Dividend Yield 1.99
Float Shares 39,851,188
Forward Eps 0.24
Forward P E 42.708336
Free Cashflow 16,627,500
Full Exchange Name NYSE
Full Time Employees 11
Fullday Change 0.0
Fullday Change Percent 0.0
Fullday Price 10.25
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.82665
Gross Profits 42,212,000
Has Pre Post Market Data 1
Held Percent Insiders 0.07907
Held Percent Institutions 0.54938
Implied Shares Outstanding 43,923,735
Industry REIT - Specialty
Industry Disp REIT - Specialty
Industry Key reit-specialty
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,782,864,000
Last Dividend Value 0.09
Last Fiscal Year End 1,767,139,200
Long Business Summary 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 third-party farmers (both tenant and non-tenant) and landowners secured by farm real estate and/or other agricultural related assets. As of June 30, 2026, the Company owned approximately 70,100 acres of farmland in 11 states, including Arkansas, California, Colorado, Illinois, Indiana, Louisiana, Missouri, Nebraska, South Carolina, Texas and West 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 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. Farmland Partners Inc. was established on September 27, 2013, and is based in Denver, United States.
Long Name Farmland Partners Inc.
Market us_market
Market Cap 450,218,304
Market State CLOSED
Max Age 86,400
Message Board Id finmb_253997968
Most Recent Quarter 1,782,777,600
Net Income To Common 24,174,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 447,214,900
Number Of Analyst Opinions 1
Open 10.28
Operating Cashflow 18,422,000
Operating Margins 0.36318
Overall Risk 8
Payout Ratio 0.5882
Phone 720 452 3100
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 10.25
Post Market Time 1,787,961,399
Previous Close 10.25
Price Hint 2
Price To Book 0.9663429
Price To Sales Trailing12 Months 8.816746
Profit Margins 0.50238997
Quick Ratio 0.374
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 3.0
Region US
Regular Market Change 0.0
Regular Market Change Percent 0.0
Regular Market Day High 10.45
Regular Market Day Low 10.22
Regular Market Day Range 10.22 - 10.45
Regular Market Open 10.28
Regular Market Previous Close 10.25
Regular Market Price 10.25
Regular Market Time 1,787,947,203
Regular Market Volume 489,641
Return On Assets 0.019550001
Return On Equity 0.05026
Revenue Growth -0.055
Revenue Per Share 1.184
Sand P52 Week Change 0.20204377
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 9
Shares Outstanding 43,630,722
Shares Percent Shares Out 0.072399996
Shares Short 3,157,125
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 3,065,951
Short Name Farmland Partners Inc.
Short Percent Of Float 0.088999994
Short Ratio 7.65
Source Interval 15
State CO
Symbol FPI
Target High Price 10.5
Target Low Price 10.5
Target Mean Price 10.5
Target Median Price 10.5
Total Cash 11,419,000
Total Cash Per Share 0.263
Total Debt 224,314,000
Total Revenue 51,064,000
Tradeable 0
Trailing Annual Dividend Rate 0.3
Trailing Annual Dividend Yield 0.029268295
Trailing Eps 0.51
Trailing P E 20.09804
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 10.5737
Two Hundred Day Average Change -0.32369995
Two Hundred Day Average Change Percent -0.030613689
Type Disp Equity
Volume 489,641
Website https://www.farmlandpartners.com
Zip 80,237-2766