Breaking News

Over a week ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Hot Stocks
Farmland Partners announces acquisition of Murray Wise Associates LLC » 16:31
11/15/21
11/15
16:31
11/15/21
16:31
FPI

Farmland Partners

$12.76 /

+0.14 (+1.11%)

Farmland Partners…

Farmland Partners announced that it has acquired 100% of the equity interests in Murray Wise Associates LLC. The acquisition creates an unparalleled platform for farmland investing, including publicly traded equity, private asset management, individual farm purchases and individual farm management, and increases FPI's total farmland owned and/or managed by approximately 16,700 acres, the company said in a statement. The purchase price of MWA is $5M in cash and approximately $3M in FPI common stock. The acquisition includes approximately $3.8M in net current assets. In addition, FPI has entered into an incentive compensation arrangement for up to $3M in FPI common stock for the benefit of key current and prospective employees, the receipt of which is tied to achieving certain profitability and AUM objectives within three years after the closing.

ShowHide Related Items >><<
FPI Farmland Partners
$12.76 /

+0.14 (+1.11%)

FPI Farmland Partners
$12.76 /

+0.14 (+1.11%)

10/14/21 Berenberg
Farmland Partners initiated with Buy, $14 target at Berenberg
10/14/21 Berenberg
Farmland Partners initiated with a Buy at Berenberg
03/26/21 B. Riley
Farmland Partners price target raised to $11.50 from $8.50 at B. Riley
11/25/20 B. Riley
Farmland Partners price target raised to $8.50 from $7 at B. Riley Securities
FPI Farmland Partners
$12.76 /

+0.14 (+1.11%)

Hot Stocks
Farmland Partners provides update on solar projects in Illinois » 07:19
11/05/21
11/05
07:19
11/05/21
07:19
FPI

Farmland Partners

$11.81 /

-0.305 (-2.52%)

Farmland Partners…

Farmland Partners announced updates on the development of solar projects on certain of its farms in Illinois. The first project consists of approximately 432 acres, with power production tentatively slated to commence as early as December 2021. The second solar project is comprised of approximately 1,542 acres, for which the company received notice of construction commencement on November 1, 2021. The average agricultural rent for the two farms is approximately $245 per acre. Once the farms are fully developed as solar projects, the average rent is expected to be $570 per acre. A third 52-acre solar project in North Carolina continues to produce revenue of approximately $600 per acre in excess of the farm rent that would have been generated solely from agricultural uses. Portfolio-wide, the company has approximately 20,000 acres of solar and wind projects under option or at various stages of development and planning.

ShowHide Related Items >><<
FPI Farmland Partners
$11.81 /

-0.305 (-2.52%)

FPI Farmland Partners
$11.81 /

-0.305 (-2.52%)

10/14/21 Berenberg
Farmland Partners initiated with Buy, $14 target at Berenberg
10/14/21 Berenberg
Farmland Partners initiated with a Buy at Berenberg
03/26/21 B. Riley
Farmland Partners price target raised to $11.50 from $8.50 at B. Riley
11/25/20 B. Riley
Farmland Partners price target raised to $8.50 from $7 at B. Riley Securities
FPI Farmland Partners
$11.81 /

-0.305 (-2.52%)

Over a month ago
Hot Stocks
Farmland Partners acquires 815 acres of Missouri farmland for $6.5M » 08:08
10/28/21
10/28
08:08
10/28/21
08:08
FPI

Farmland Partners

$12.05 /

+0.085 (+0.71%)

Farmland Partners…

Farmland Partners announced that it purchased 815 acres of cropland in Mississippi County, Missouri for a total consideration of $6.5M. This nearly all tillable property consists of 802 tillable acres that has been precision leveled to 1% grade. The farm is irrigated and located near the town of East Prairie, Missouri and will primarily grow rice, corn, and soybeans. The farm will be leased for three years at a current yield of approximately 4%. This acquisition allowed the farmer to expand his operation and acquire another farm close by their main operation. The company intends to expand its portfolio in Missouri during the next few years. The company has also recently acquired two properties in central Illinois. The first farm consists of 80 acres, of which 70 are irrigated, in an area of Mason County, Illinois that produces a large quantity of specialty crops such as potatoes, sweet corn, popcorn, green beans, and pumpkins along with yellow corn, soybeans and wheat. The second farm consists of 178 acres in Marshall County, Illinois of very high-quality soils. The company is expecting to receive a current annual return of 3.5% on these recent Illinois acquisitions.

ShowHide Related Items >><<
FPI Farmland Partners
$12.05 /

+0.085 (+0.71%)

FPI Farmland Partners
$12.05 /

+0.085 (+0.71%)

10/14/21 Berenberg
Farmland Partners initiated with Buy, $14 target at Berenberg
10/14/21 Berenberg
Farmland Partners initiated with a Buy at Berenberg
03/26/21 B. Riley
Farmland Partners price target raised to $11.50 from $8.50 at B. Riley
11/25/20 B. Riley
Farmland Partners price target raised to $8.50 from $7 at B. Riley Securities
FPI Farmland Partners
$12.05 /

+0.085 (+0.71%)

Earnings
Farmland Partners reports Q3 AFFO (9c), consensus (5c) » 17:48
10/27/21
10/27
17:48
10/27/21
17:48
FPI

Farmland Partners

$12.05 /

+0.085 (+0.71%)

Reports Q3 revenue…

Reports Q3 revenue $10.1M, consensus $10.97M. Paul A. Pittman, Chairman and CEO said: "This was another solid quarter for FPI, but for the litigation expense. We converted the Series B Preferred Stock to common stock after quarter-end, a transaction that creates value for shareholders by improving cash flow, reducing leverage, and increasing equity market capitalization. Strong farmer profits are driving our 2021 lease renewals to an increase of over 10% through approximately 70% of the year's renewals. We are actively pursuing investment opportunities and building a strong pipeline of potential transactions."

ShowHide Related Items >><<
FPI Farmland Partners
$12.05 /

+0.085 (+0.71%)

FPI Farmland Partners
$12.05 /

+0.085 (+0.71%)

10/14/21 Berenberg
Farmland Partners initiated with Buy, $14 target at Berenberg
10/14/21 Berenberg
Farmland Partners initiated with a Buy at Berenberg
03/26/21 B. Riley
Farmland Partners price target raised to $11.50 from $8.50 at B. Riley
11/25/20 B. Riley
Farmland Partners price target raised to $8.50 from $7 at B. Riley Securities
FPI Farmland Partners
$12.05 /

+0.085 (+0.71%)

Initiation
Farmland Partners initiated with Buy, $14 target at Berenberg » 06:35
10/14/21
10/14
06:35
10/14/21
06:35
FPI

Farmland Partners

$11.41 /

-0.08 (-0.70%)

Berenberg analyst Eric…

Berenberg analyst Eric Borden initiated coverage of Farmland Partners with a Buy rating and $14 price target. The analyst believes the expected increase in farmland values in the U.S. should benefit Farmland Partners as a leading cropland owner and operator. Moreover, the large total addressable market and "fragmented market" should provide the company "with plenty of growth opportunities." With the distraction of a "falsified" short seller report now behind the company, Farmland Partners should realize "significant margin expansion in the near term," says Borden.

ShowHide Related Items >><<
FPI Farmland Partners
$11.41 /

-0.08 (-0.70%)

FPI Farmland Partners
$11.41 /

-0.08 (-0.70%)

10/14/21 Berenberg
Farmland Partners initiated with a Buy at Berenberg
03/26/21 B. Riley
Farmland Partners price target raised to $11.50 from $8.50 at B. Riley
11/25/20 B. Riley
Farmland Partners price target raised to $8.50 from $7 at B. Riley Securities
FPI Farmland Partners
$11.41 /

-0.08 (-0.70%)

Initiation
Farmland Partners initiated with a Buy at Berenberg » 06:17
10/14/21
10/14
06:17
10/14/21
06:17
FPI

Farmland Partners

$11.41 /

-0.08 (-0.70%)

Berenberg analyst Eric…

Berenberg analyst Eric Borden initiated coverage of Farmland Partners with a Buy rating and $14 price target.

ShowHide Related Items >><<
FPI Farmland Partners
$11.41 /

-0.08 (-0.70%)

FPI Farmland Partners
$11.41 /

-0.08 (-0.70%)

03/26/21 B. Riley
Farmland Partners price target raised to $11.50 from $8.50 at B. Riley
11/25/20 B. Riley
Farmland Partners price target raised to $8.50 from $7 at B. Riley Securities
FPI Farmland Partners
$11.41 /

-0.08 (-0.70%)

Hot Stocks
Farmland Partners names James Gilligan as CFO » 07:03
10/11/21
10/11
07:03
10/11/21
07:03
FPI

Farmland Partners

$11.15 /

-0.355 (-3.09%)

The company announced…

The company announced that it has appointed James Gilligan as CFO and Treasurer, effective immediately. Gilligan's responsibilities will include overseeing the company's finance, accounting, treasury, financial planning, and SEC reporting functions. Gilligan will report directly to the Chairman and CEO. Gilligan joined Farmland Partners in 2021 as a Consultant, and later as a Vice President in the finance department, after eight years with Equity International, the private equity firm founded by Sam Zell.

ShowHide Related Items >><<
FPI Farmland Partners
$11.15 /

-0.355 (-3.09%)

FPI Farmland Partners
$11.15 /

-0.355 (-3.09%)

03/26/21 B. Riley
Farmland Partners price target raised to $11.50 from $8.50 at B. Riley
11/25/20 B. Riley
Farmland Partners price target raised to $8.50 from $7 at B. Riley Securities
FPI Farmland Partners
$11.15 /

-0.355 (-3.09%)

Hot Stocks
Farmland Partners shares impact from Hurricanes Ida, Nicholas » 07:04
09/20/21
09/20
07:04
09/20/21
07:04
FPI

Farmland Partners

$12.47 /

-0.21 (-1.66%)

Farmland Partners…

Farmland Partners announced that over the past few weeks, the Delta region, and Louisiana in particular, has been hit by Hurricanes Ida and Nicholas. While there was substantial rain on the Company's farms in the region, none of the company's farms suffered significant damage from the storms. The company also shared information on its lease renewal cycle. Lease Renewals: Total portfolio: Approximately 158,000 acres owned and approximately 8,300 acres managed; 2021 Renewals: Approximately 40,100 acres, or approximately 27% of total owned portfolio; 2021 Renewals Completed: Approximately 23,250 acres, or 59% of renewals; and Renewal Trends: Weighted average increase of approximately 10% to 11%. The Company's lease renewals signed in 2021 generally commence in Q4 and, accordingly, contribute to revenue to a greater extent in 2022 and beyond than in 2021.

ShowHide Related Items >><<
FPI Farmland Partners
$12.47 /

-0.21 (-1.66%)

FPI Farmland Partners
$12.47 /

-0.21 (-1.66%)

03/26/21 B. Riley
Farmland Partners price target raised to $11.50 from $8.50 at B. Riley
11/25/20 B. Riley
Farmland Partners price target raised to $8.50 from $7 at B. Riley Securities
FPI Farmland Partners
$12.47 /

-0.21 (-1.66%)

Over a quarter ago
Earnings
Farmland Partners reports Q2 adjusted FFO (11c), consensus (5c) » 17:09
08/04/21
08/04
17:09
08/04/21
17:09
FPI

Farmland Partners

$12.25 /

-0.06 (-0.49%)

Reports Q2 revenue…

Reports Q2 revenue $10.01M, consensus $10.82M. CEO Paul Pittman said: "This was a solid quarter for FPI, but for the litigation expense. The demand-driven bull market in commodities continues to drive a strong profit outlook for farmers, which, in turn, are generating positive momentum in land values and lease renewal rates. Specialty crop performance is on track to exceed 2020, especially in citrus."

ShowHide Related Items >><<
FPI Farmland Partners
$12.25 /

-0.06 (-0.49%)

FPI Farmland Partners
$12.25 /

-0.06 (-0.49%)

03/26/21 B. Riley
Farmland Partners price target raised to $11.50 from $8.50 at B. Riley
11/25/20 B. Riley
Farmland Partners price target raised to $8.50 from $7 at B. Riley Securities
FPI Farmland Partners
$12.25 /

-0.06 (-0.49%)

Hot Stocks
Farmland Partners acquires 182 acres of cropland in Northern Florida for $1M » 07:12
07/27/21
07/27
07:12
07/27/21
07:12
FPI

Farmland Partners

$12.78 /

+0.21 (+1.67%)

Farmland Partners…

Farmland Partners announced that it purchased 182 acres of cropland in Northern Florida for total consideration of $1M. This highly improved property consists of 160 irrigated, tillable acres. The farm is located close to the Suwannee River and contains 2 center pivot irrigation systems for overhead irrigation during the growing seasons. The farm will be leased for the next several years at a current yield of approximately 5%.

ShowHide Related Items >><<
FPI Farmland Partners
$12.78 /

+0.21 (+1.67%)

FPI Farmland Partners
$12.78 /

+0.21 (+1.67%)

03/26/21 B. Riley
Farmland Partners price target raised to $11.50 from $8.50 at B. Riley
11/25/20 B. Riley
Farmland Partners price target raised to $8.50 from $7 at B. Riley Securities
FPI Farmland Partners
$12.78 /

+0.21 (+1.67%)

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.