Farmland Partners Inc. (NYSE:FPI) is expected to report third quarter earnings results, before market open, on Monday 9th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.06 per share.
Looking ahead, the full year loss are expected at $ 0.01 per share on the revenues of $ 54.99 million.
Previous Quarter Performance
Farmland Partners Inc. recorded loss for the second quarter of $ 0.04 per share, from the revenue of $ 10.52 million. The quarterly revenues dropped 4.62 percent compared with the same quarter last year. Street analysts expected Farmland Partners Inc. to report loss of $ 0.09 per share on revenue of $ 11.02 million for the second quarter. The bottom line results beat street analysts by $ 0.05 or 55.56 percent, at the same time, top line results fell short of analysts by $ 0.5 million or 4.54 percent.
Stock Performance
On Friday, shares of Farmland Partners Inc. has traded high as $ 6.78 and has cracked $ 6.60 on the downward trend, reaching $ 6.62 with volume of 153.50 thousand shares.
According to the previous trading day, closing price of $ 6.62, representing a 33.47 % increase from the 52 week low of $ 5.05 and a 10.13 % decrease over the 52 week high of $ 7.50.
The company has a market capital of $ 195.63 million and is part of the Real Estate sector and REIT – Diversified industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.05 per share on August 10, 2020. The dividend were payable on October 15, 2020 to holders of record as of the close of business on October 1, 2020 and ex-dividend date on September 30, 2020.
Conference Call
Farmland Partners Inc. will be hosting a conference call at 11:00 AM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.farmlandpartners.com
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 162,000 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.
