Farmland Partners Inc. $FPI Stock Position Raised by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its holdings in shares of Farmland Partners Inc. (NYSE:FPI) by 7.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 174,231 shares of the financial services provider’s stock after buying an additional 11,667 shares during the period. State of New Jersey Common Pension Fund D owned 0.39% of Farmland Partners worth $2,005,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Farmland Partners by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,322 shares of the financial services provider’s stock valued at $293,000 after purchasing an additional 1,092 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Farmland Partners by 3.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 37,865 shares of the financial services provider’s stock worth $422,000 after acquiring an additional 1,300 shares during the period. Well Done LLC lifted its stake in shares of Farmland Partners by 14.8% in the 2nd quarter. Well Done LLC now owns 12,244 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 1,574 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Farmland Partners by 4.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 39,631 shares of the financial services provider’s stock worth $459,000 after acquiring an additional 1,646 shares during the period. Finally, Cozad Asset Management Inc. lifted its stake in shares of Farmland Partners by 5.7% in the 1st quarter. Cozad Asset Management Inc. now owns 33,415 shares of the financial services provider’s stock worth $373,000 after acquiring an additional 1,815 shares during the period. Institutional investors own 58.00% of the company’s stock.

Farmland Partners Trading Up 2.3%

Farmland Partners stock opened at $10.33 on Friday. The firm’s fifty day simple moving average is $10.65 and its 200-day simple moving average is $10.79. Farmland Partners Inc. has a 1-year low of $9.66 and a 1-year high of $12.87. The company has a market capitalization of $464.06 million, a P/E ratio of 8.61 and a beta of 0.89.

Farmland Partners (NYSE:FPI) last posted its earnings results on Wednesday, October 29th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Farmland Partners had a net margin of 130.10% and a return on equity of 14.15%. The business had revenue of $5.99 million for the quarter, compared to analyst estimates of $10.59 million. Farmland Partners has set its FY 2025 guidance at 0.320-0.360 EPS. On average, equities research analysts predict that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, January 2nd. Farmland Partners’s dividend payout ratio (DPR) is currently 19.67%.

Analyst Ratings Changes

FPI has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Farmland Partners in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Farmland Partners from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Farmland Partners currently has a consensus rating of “Hold”.

About Farmland Partners

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 December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.