Fox Run Management L.L.C. Buys New Position in Farmland Partners Inc. $FPI

Fox Run Management L.L.C. bought a new stake in Farmland Partners Inc. (NYSE:FPI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 29,814 shares of the financial services provider’s stock, valued at approximately $343,000. Fox Run Management L.L.C. owned approximately 0.07% of Farmland Partners as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Ameritas Advisory Services LLC bought a new stake in shares of Farmland Partners in the second quarter worth $28,000. Gables Capital Management Inc. bought a new position in Farmland Partners in the second quarter valued at $40,000. Strs Ohio bought a new position in Farmland Partners in the first quarter valued at $96,000. New Age Alpha Advisors LLC acquired a new stake in Farmland Partners in the 1st quarter valued at $109,000. Finally, LaSalle St. Investment Advisors LLC bought a new stake in Farmland Partners during the 1st quarter worth about $140,000. 58.00% of the stock is owned by institutional investors.

Farmland Partners Price Performance

Shares of FPI opened at $9.76 on Thursday. The company has a market cap of $420.68 million, a PE ratio of 8.13 and a beta of 0.88. The firm has a 50-day moving average of $10.46 and a 200-day moving average of $10.79. Farmland Partners Inc. has a one year low of $9.63 and a one year high of $12.87.

Farmland Partners (NYSE:FPI) last issued 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 company had revenue of $5.99 million for the quarter, compared to analysts’ expectations of $10.59 million. Farmland Partners has set its FY 2025 guidance at 0.320-0.360 EPS. Analysts expect that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, January 2nd. Farmland Partners’s dividend payout ratio (DPR) is presently 20.00%.

Wall Street Analysts Forecast Growth

FPI has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Farmland Partners in a report on Wednesday, October 8th. Wall Street Zen cut Farmland Partners from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Farmland Partners Profile

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.