On August 7, 2024, John Good, Director at Farmland Partners Inc (NYSE:FPI), bought 24,000 shares of the company’s stock, according to a recent SEC filing. This transaction increased the insider’s total holdings to 86,465 shares.
Farmland Partners Inc (NYSE:FPI) is a real estate company that owns and manages farmland throughout North America. The company focuses on acquiring high-quality farms and related agricultural facilities that are leased to experienced tenants or operators.
Over the past year, the insider has made significant investments in the company, buying a total of 24,000 shares and selling none. This trend is consistent with overall insider activity at Farmland Partners Inc., which has seen three insider purchases and no insider sales during the same period.
On the day of the insider’s recent purchase, Farmland Partners Inc. shares were trading at $10.15. The company has a market capitalization of around $492.747 million. The stock’s price-to-earnings ratio is 30.73, which is higher than the industry average of 17.12.
According to GF Value, Farmland Partners Inc.’s intrinsic value is estimated at $10.55 per share, which fairly values the stock at a price-to-GF Value ratio of 0.96. GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and estimates of future business performance.
This insider purchase could be a signal to investors regarding the perceived value and future prospects of Farmland Partners Inc.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
