Farmland Partners Inc. (FPI) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does Farmland Partners Inc. Do?
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 155,000 acres in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota and Virginia. We have approximately 26 crop types and over 100 tenants. 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. (FPI) is classified as a small-cap stock in the Financials sector, specifically within the Trading industry. The company is led by CEO Paul A. Pittman and employs approximately 30 people, headquartered in Westminster, Colorado. With a market capitalization of $491M, FPI is one of the notable companies in the Financials sector.
Farmland Partners Inc. (FPI) Stock Rating — Hold (April 2026)
As of April 2026, Farmland Partners Inc. receives a Hold rating with a composite score of 53.1/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.FPI ranks #1,377 out of 4,446 stocks in our coverage universe. Within the Financials sector, Farmland Partners Inc. ranks #415 of 891 stocks, placing it in the upper half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
FPI Stock Price and 52-Week Range
Farmland Partners Inc. (FPI) currently trades at $11.75. The stock gained $0.02 (0.2%) in the most recent trading session. The 52-week high for FPI is $13.11, which means the stock is currently trading -10.4% from its annual peak. The 52-week low is $9.37, putting the stock 25.5% above its annual trough. Recent trading volume was 358K shares, suggesting relatively thin trading activity.
Is FPI Overvalued or Undervalued? — Valuation Analysis
Farmland Partners Inc. (FPI) carries a value factor score of 46/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 41.22x, compared to the Financials sector average of 14.88x — a premium of 177%. The price-to-book ratio stands at 1.08x, versus the sector average of 1.22x. The price-to-sales ratio is 11.24x, compared to 0.90x for the average Financials stock. On an enterprise value basis, FPI trades at 31.77x EV/EBITDA, versus 3.26x for the sector.
Overall, FPI's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
Farmland Partners Inc. Profitability — ROE, Margins, and Quality Score
Farmland Partners Inc. (FPI) earns a quality factor score of 66/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 2.6%, compared to the Financials sector average of 8.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 1.7% versus the sector average of 1.2%.
On a margin basis, Farmland Partners Inc. reports gross margins of 0.0%. The operating margin is -9.6% (sector: 21.8%). Net profit margin stands at 29.2%, versus 17.7% for the average Financials stock. Revenue growth is running at -1.7% on a trailing basis, compared to 9.4% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
FPI Debt, Balance Sheet, and Financial Health
Farmland Partners Inc. has a debt-to-equity ratio of 35.0%, compared to the Financials sector average of 121.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 3.97x, indicating strong short-term liquidity. Total debt on the balance sheet is $162M. Cash and equivalents stand at $13M.
FPI has a beta of 0.52, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for Farmland Partners Inc. is 85/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.
Farmland Partners Inc. Revenue and Earnings History — Quarterly Trend
In TTM 2026, Farmland Partners Inc. reported revenue of $45M and earnings per share (EPS) of $0.65. Net income for the quarter was $12M. Gross margin was 0.0%. Operating income came in at $-2M.
In FY 2025, Farmland Partners Inc. reported revenue of $52M and earnings per share (EPS) of $0.65. Net income for the quarter was $32M. Revenue grew -10.4% year-over-year compared to FY 2024. Operating income came in at $5M.
In Q3 2025, Farmland Partners Inc. reported revenue of $11M and earnings per share (EPS) of $0.00. Net income for the quarter was $491,000. Revenue grew -15.5% year-over-year compared to Q3 2024. Operating income came in at $3M.
In Q2 2025, Farmland Partners Inc. reported revenue of $10M and earnings per share (EPS) of $0.15. Net income for the quarter was $8M. Revenue grew -13.0% year-over-year compared to Q2 2024. Operating income came in at $-14M.
Over the past 8 quarters, Farmland Partners Inc. has demonstrated a growth trajectory, with revenue expanding from $11M to $45M. Investors analyzing FPI stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
FPI Dividend Yield and Income Analysis
Farmland Partners Inc. (FPI) currently pays a dividend yield of 12.8%. At this yield, a $10,000 investment in FPI stock would generate approximately $$1285.00 in annual dividend income. This compares to the Financials sector average dividend yield of 2.5%, meaning FPI offers above-average income for its sector. With a net margin of 29.2%, the dividend appears well-covered by earnings, suggesting sustainable payouts going forward.
FPI Momentum and Technical Analysis Profile
Farmland Partners Inc. (FPI) has a momentum factor score of 53/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 34/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 11/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
FPI vs Competitors — Financials Sector Ranking and Peer Comparison
Within the Financials sector, Farmland Partners Inc. (FPI) ranks #415 out of 891 stocks based on the Blank Capital composite score. This places FPI in the upper half of all Financials stocks in our coverage universe. Key competitors and sector peers include WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) with a score of 62.9/100, OPPENHEIMER HOLDINGS INC (OPY) with a score of 62.6/100, Enact Holdings, Inc. (ACT) with a score of 61.6/100, International General Insurance Holdings Ltd. (IGIC) with a score of 61.3/100, and PARKE BANCORP, INC. (PKBK) with a score of 60.4/100.
Comparing FPI against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full FPI vs S&P 500 (SPY) comparison to assess how Farmland Partners Inc. stacks up against the broader market across all factor dimensions.
FPI Next Earnings Date
No upcoming earnings date has been announced for Farmland Partners Inc. (FPI) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy FPI? — Investment Thesis Summary
Farmland Partners Inc. presents a balanced picture with arguments on both sides. The quality score of 66/100 indicates above-average profitability and business fundamentals. Low volatility (stability score 85/100) reduces downside risk.
In summary, Farmland Partners Inc. (FPI) earns a Hold rating with a composite score of 53.1/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on FPI stock.
Related Resources for FPI Investors
Explore more research and tools: FPI vs S&P 500 comparison, top Financials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare FPI head-to-head with peers: FPI vs WTM, FPI vs OPY, FPI vs ACT.