Hilltop National Bank Invests $251,000 in Farmland Partners Inc. $FPI

Hilltop National Bank bought a new position in shares of Farmland Partners Inc. (NYSE:FPI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 21,800 shares of the financial services provider’s stock, valued at approximately $251,000.

A number of other institutional investors also recently modified their holdings of FPI. Arbor Capital Management Inc. ADV lifted its holdings in Farmland Partners by 3.2% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 34,382 shares of the financial services provider’s stock worth $382,000 after buying an additional 1,063 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Farmland Partners by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,322 shares of the financial services provider’s stock worth $293,000 after buying an additional 1,092 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in Farmland Partners by 3.6% in the first 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. Annex Advisory Services LLC lifted its stake in Farmland Partners by 1.5% in the first quarter. Annex Advisory Services LLC now owns 102,483 shares of the financial services provider’s stock worth $1,143,000 after acquiring an additional 1,550 shares during the period. Finally, Well Done LLC lifted its stake in Farmland Partners by 14.8% in the second 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. 58.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on FPI. Wall Street Zen lowered Farmland Partners from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Farmland Partners in a research report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Farmland Partners has a consensus rating of “Hold”.

Farmland Partners Trading Down 0.1%

Shares of Farmland Partners stock opened at $10.72 on Friday. The firm has a market capitalization of $481.21 million, a P/E ratio of 8.78 and a beta of 0.89. The business has a fifty day simple moving average of $10.82 and a two-hundred day simple moving average of $10.84. Farmland Partners Inc. has a 12 month low of $9.66 and a 12 month high of $12.87.

Farmland Partners (NYSE:FPI) last announced its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). Farmland Partners had a net margin of 127.59% and a return on equity of 14.18%. The firm had revenue of $6.02 million for the quarter, compared to analysts’ expectations of $9.50 million. Farmland Partners has set its FY 2025 guidance at 0.280-0.340 EPS. Analysts predict that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, October 1st. Farmland Partners’s dividend payout ratio (DPR) is presently 19.67%.

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.