Denali Advisors LLC bought a new stake in shares of Farmland Partners Inc. (NYSE:FPI – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund bought 116,100 shares of the financial services provider’s stock, valued at approximately $1,124,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Y Intercept Hong Kong Ltd bought a new position in shares of Farmland Partners in the 1st quarter worth $1,556,000. GSA Capital Partners LLP bought a new stake in Farmland Partners during the second quarter valued at about $1,316,000. Cauble & Harre Wealth Management Inc. bought a new stake in Farmland Partners during the fourth quarter valued at about $2,151,000. Principal Financial Group Inc. boosted its position in Farmland Partners by 12.2% during the first quarter. Principal Financial Group Inc. now owns 87,113 shares of the financial services provider’s stock valued at $978,000 after purchasing an additional 9,485 shares in the last quarter. Finally, BCGM Wealth Management LLC grew its stake in Farmland Partners by 5.7% in the first quarter. BCGM Wealth Management LLC now owns 269,371 shares of the financial services provider’s stock valued at $3,025,000 after purchasing an additional 14,453 shares during the last quarter. Institutional investors own 58.00% of the company’s stock.
Wall Street Analysts Forecast Growth
FPI has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Farmland Partners from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Zacks Research cut shares of Farmland Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, Farmland Partners has an average rating of “Hold”.
Farmland Partners Trading Up 0.7%
Shares of NYSE FPI opened at $10.01 on Thursday. Farmland Partners Inc. has a 12 month low of $9.21 and a 12 month high of $13.23. The company has a 50 day simple moving average of $9.71 and a two-hundred day simple moving average of $10.78. The stock has a market cap of $436.87 million, a price-to-earnings ratio of 19.63 and a beta of 0.67.
Farmland Partners (NYSE:FPI – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. The business had revenue of $9.40 million during the quarter, compared to analysts’ expectations of $5.64 million. Farmland Partners had a return on equity of 5.54% and a net margin of 49.85%.Farmland Partners has set its FY 2026 guidance at 0.310-0.350 EPS. Analysts forecast that Farmland Partners Inc. will post 0.26 EPS for the current year.
Farmland Partners Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.36 dividend on an annualized basis and a yield of 3.6%. Farmland Partners’s payout ratio is presently 70.59%.
Farmland Partners Profile
Farmland Partners Inc is a real estate investment trust (REIT) that acquires and manages high-quality farmland in the United States. The company’s primary business activity is the ownership of agricultural land, which it leases to farmers under various rental arrangements designed to generate stable cash rents and long-term capital appreciation. By focusing on farmland as a real asset, the company seeks to benefit from rising global demand for food, fiber and renewable fuels.
Founded in 2013 and headquartered in Scottsdale, Arizona, Farmland Partners completed its initial public offering in June 2017 and began trading on the New York Stock Exchange under the ticker FPI.
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