Street Calls of the Week
CLIVE, Iowa - Peoples Company announced Wednesday it will acquire Murray Wise Associates, LLC (MWA) from Farmland Partners Inc (NYSE:FPI) in a transaction set to close on November 15, 2025. FPI, currently trading at $10.20 with a market capitalization of $454 million, has demonstrated strong shareholder returns with a significant dividend yield of 13.6% and maintains a moderate debt level according to InvestingPro data.
The deal includes the transition of select non-core farmland assets to Peoples Company for ongoing management, according to a press release statement.
MWA, which operates in 20 states with offices in Illinois and Iowa, has completed land and agribusiness transactions exceeding $5 billion across 43 states over the past 25 years. All nine team members will join Peoples Company.
Eric Sarff, current President of MWA, will become Vice President at Peoples Company following the acquisition.
"Joining forces with Peoples Company creates tremendous opportunities for our clients and team," Sarff said. "Peoples Company’s national reach and comprehensive service platform will allow us to deliver even greater value."
Farmland Partners had acquired MWA in November 2021, adding approximately 16,700 acres to its management portfolio at that time. The company has maintained strong profitability with a gross profit margin of 79% and has raised its dividend for three consecutive years, according to InvestingPro, which offers comprehensive analysis of over 1,400 US stocks through its Pro Research Reports.
"MWA has a talented team that has partnered closely with farmers and clients across the country to grow FPI’s management portfolio over the past four years," said Farmland Partners President and CEO Luca Fabbri.
Peoples Company, headquartered in Clive, Iowa, provides services in land brokerage, appraisal, farm management, and capital markets across the United States. The company has recently expanded its presence in Illinois through acquisitions of Land Pro LLC and The Atkins Group.
The financial terms of the transaction were not disclosed.
In other recent news, Farmland Partners Inc. reported impressive financial results for the second quarter of 2025, significantly surpassing earnings expectations. The company achieved an earnings per share (EPS) of 15 cents, defying forecasts that predicted a 1-cent loss. Additionally, Farmland Partners’ revenue reached $9.96 million, outperforming the anticipated $6.45 million. These results underscore the company’s strong financial performance in the recent quarter. While the stock experienced a modest increase following the announcement, the primary focus remains on the robust earnings and revenue figures. There were no major mergers or acquisitions reported in this period. Analyst upgrades or downgrades were not highlighted in the recent updates. These developments provide investors with a clearer picture of Farmland Partners’ financial health and operational success.
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