Revenue Update on Farmland Partners Inc(NYSE:FPI)

Farmland Partners Inc(NYSE:FPI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Earnings per share were $0.06.

Farmland Partners Inc (FPI) shares turned negative on Fridays trading session with the shares closing down -0.16 points or -1.41% at a volume of 58,422. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.48. The peak price level was also seen at $11.48 while the days lowest was $11.06. Finally the shares closed at $11.15. The 52-week high of the shares is $11.98 while the 52-week low is $9.54. According to the latest information available, the market cap of the company is $157 M.

Several Insider Transactions has been reported to the SEC. On Aug 28, 2015, Chris A Downey (director) purchased 20,000 shares at $10.00 per share price.Also, On Aug 25, 2015, Paul A Pittman (CEO) purchased 700 shares at $10.14 per share price.

Farmland Partners Inc. is an internally managed real estate company. The Company owns and seeks to acquire primary crop farmland located in agricultural markets throughout North America. The Company is the sole member of the general partner of Farmland Partners Operating Partnership LP (the Operating Partnership). All of the Company’s assets are held by and its operations are primarily conducted through the Operating Partnership and the wholly owned subsidiaries of the Operating Partnership. The majority of the farms in the Company’s portfolio are primary crops such as corn soybeans and wheat. The Company owned approximately 87 farms with approximately 46460 total acres including 33 farms in Illinois 20 farms in Colorado 14 farms in Nebraska eight farms in Arkansas seven farms in South Carolina two farms in Louisiana two farms in Kansas and one farm in Mississippi as well as six grain storage facilities.

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