FPI Farmland Partners Inc Stock Overview U.S.: NYSE

It can also be calculated by dividing the company’s Market Cap by the Net Profit. Approximately 64.61% of the outstanding shares of AFCO common stock voted at the AFCO special meeting, with approximately 99.64% of the votes cast in favor of the proposed merger. Approximately 54.65% of the outstanding shares of FPI common stock voted at the FPI special meeting, https://forex-world.net/software-development/network-engineer-vs-network-administrator-roles/ with approximately 96.22% of the votes cast in favor of the issuance of shares of FPI common stock in connection with the proposed merger. Farmland Partners updated its FY 2023 earnings guidance on Friday, May, 5th. The company provided earnings per share (EPS) guidance of $0.17-$0.25 for the period, compared to the consensus EPS estimate of $0.23.

The above pattern should repeat itself for most relevant metrics/during most relevant time periods. The impact on distribution yields themselves is, in practice, a bit lower, as many covered call ETFs retain a significant portion of their premiums. The above is a significant negative for the fund and its shareholders, and one which should be particularly impactful during bull markets. Also note that earnings season is ramping up, with the potential for big swings up and down for individual stocks and sectors as well as the broader market. Meanwhile, Tesla archrival BYD reported preliminary first-half results, signaling Q2 profit could nearly triple.

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FPI now has over 100 tenant farmers who grow more than 26 major commercial crops, resulting in broad diversification across the combined company’s portfolio. SPYI sells fewer covered calls than some of its peers, overwriting only around 90% of its portfolio. SPYI call strike prices are a bit higher than market prices, with a wider gap between these than average. SPYI’s options last for/are rolled over every couple of months, versus every month for most of its peers. Each of these decisions reduces the overall impact of the fund’s covered call strategy. So, potential capital gains are reduced by less than average, option premiums are lower than average, and the total returns of the fund hew more closely to that of the S&P 500 than average.

During the Tesla earnings call, investors will want some timeline on when mass production will start for the long-delayed Cybertruck. Potential buyers still don’t know what prices or specs the Tesla Cybertruck will have. Tesla originally said the Cybertruck would start at $39,900, with a $69,900 tri-motor version with a range above 500 miles. But it took those down years ago, while CEO Elon Musk has noted that the stainless-steel design is expensive.

News & Analysis

To see all exchange delays and terms of use please see Barchart’s disclaimer. First, is the fact SPYI’s covered call strategy is actively-managed, while most covered call ETFs are index funds. SPYI’s options strategy is meant to increase returns, maximize upside during bull markets, and reduce investor tax burdens. Although the fund has performed reasonably well relative to its peers since inception, I’m unclear about the impact of active management on said outperformance.

• As an example, the fund has underperformed the S&P 500 YTD, during which the index’s price has increased by 17.4%.
• It is a strong yield on an absolute basis, much higher than that of most asset classes, although comparable to that of other covered call ETFs.
• Juan has previously worked as a fixed income trader, financial analyst, operations analyst, and economics professor in Canada and Colombia.

SAN FRANCISCO (MarketWatch) — Shares of Zoe’s Kitchen Inc. soared on their market debut, the strongest launch of the three initial public offerings trading Friday. Farmland Partners Inc. responded to accusations Wednesday afternoon from a short seller that sent shares to all-time lows in the regular trading session, saying the “allegations are false.” Farmland Partners stock bounced… The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study.

Cash Flow Quarterly

The graph below plots the overall REITRating™ score for the last trading days. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. The Barchart Technical Opinion rating is a 72% Buy with a Average short term outlook on maintaining the current direction. REITs have been under pressure as the industry faces high-interest rates. So, we think Hannon Armstrong Sustainable (HASI), Equity Commonwealth (EQC), and Farmland Partners (FPI) should be avoided due… Investing in farmland hasn’t always made sense for most Americans, but that has now changed.

We’re a publicly traded real estate investment trust (REIT) that purchases, leases, and manages high-quality farmland throughout North America. The 50-day moving average is a frequently used data point by active investors and traders to understand the trend of a stock. It’s calculated by averaging the closing stock price over the previous 50 trading days. Market cap, also known as market capitalization, is the total market value of a company. It’s calculated by multiplying the current market price by the total number of shares outstanding. REITNotes uses the REIT’s Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share.

Four Corners Property Trust (FCPT) Meets Q4 FFO Estimates

The Nasdaq is expected to spell out how a Nasdaq 100 special rebalance will adjust weights of its 100 components. The details were expected Friday night but have not arrived yet. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.

FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT’s cash flow from operations. It is recommended to check the REIT’s website, Earning Reports and dividend announcements for the latest and updated information. When capital gains are low or negative, the net impact tends to be positive, due to the fund’s dividends. As an example, the fund outperformed the S&P 500 in late 2022, during which the index’s price decreased by 3.2%. SPYI’s price decreased as well, but strong dividends meant total returns were stronger. 2 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Farmland Partners in the last twelve months.

The company is an internally managed real estate company and owns and contracts of farmland and storage facilities located across the United States. Its properties are farmed by over 100 tenants growing more than 26 commercial crops. Farmland Partners generates its revenues through the rent it receives from its tenants. SPYI’s strong distribution yield and outperformance during bear markets are important benefits, and might make the fund a compelling investment opportunity for some income investors and retirees.

• Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
• FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT’s cash flow from operations.
• Musk has hinted at the next-gen model, but no more than that.
• In my opinion, and taking into consideration current fund holdings, it would be fair and accurate to say that the fund has moderately reduced potential capital gains.

Upgrade to MarketBeat All Access to add more stocks to your watchlist. Sign-up to receive the latest news and ratings for Farmland Partners and its competitors with MarketBeat’s FREE daily newsletter. MarketRank is calculated as an average of available category scores, with extra weight given to analysis https://currency-trading.org/cryptocurrencies/cointelegraph-bitcoin-ethereum-blockchain-news/ and valuation. Second difference between the fund and most of its peers, is the fact that SPYI’s strategy is much less aggressive, for several reasons. It is a strong yield on an absolute basis, much higher than that of most asset classes, although comparable to that of other covered call ETFs.

He focuses on dividend, bond, and income funds, with a strong focus on ETFs, and enjoys researching strategies for income investors to increase their returns while lowering risk. As can be seen above, SPYI outperformed during 2022, as the fund’s premiums more than made up for reduced potential capital gains (equities saw no gains regardless). SPYI outperformed by less than its peers, as its strategy is less aggressive, and so its premiums were lower. When capital gains are high, the net impact tends to be negative, due to the fund’s lower potential capital gains. As an example, the fund has underperformed the S&P 500 YTD, during which the index’s price has increased by 17.4%. SPYI’s price was up too, but by much less, and the fund’s strong dividends were not high enough to make up for the difference.

By using this site, you are agreeing to security monitoring and auditing. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading https://trading-market.org/how-does-a-brokerage-account-work/ processes. Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below. Below are the FFO amounts, dividends, and payout ratios for the last two quarters for FPI. Paul A. Pittman continues to serve as Chief Executive Officer and Chairman of the Board of Directors for the combined company.