Farmland Partners Inc. $FPI Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in Farmland Partners Inc. (NYSE:FPI) by 73.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 509,394 shares of the financial services provider’s stock after acquiring an additional 216,544 shares during the quarter. JPMorgan Chase & Co.’s holdings in Farmland Partners were worth $5,542,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FPI. Advisory Services Network LLC acquired a new position in shares of Farmland Partners during the 3rd quarter worth $29,000. Oakworth Capital Inc. purchased a new position in shares of Farmland Partners in the 3rd quarter valued at about $34,000. Tower Research Capital LLC TRC lifted its stake in shares of Farmland Partners by 218.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 2,886 shares during the period. Strs Ohio acquired a new stake in shares of Farmland Partners in the first quarter valued at about $96,000. Finally, D.A. Davidson & CO. purchased a new stake in Farmland Partners during the third quarter worth about $109,000. Institutional investors and hedge funds own 58.00% of the company’s stock.

Farmland Partners Stock Up 0.1%

Farmland Partners stock opened at $11.25 on Thursday. Farmland Partners Inc. has a 52 week low of $9.36 and a 52 week high of $13.23. The firm’s 50-day simple moving average is $11.78 and its 200 day simple moving average is $10.73. The firm has a market capitalization of $490.62 million, a PE ratio of 18.74 and a beta of 0.83.

Farmland Partners (NYSE:FPI) last posted its earnings results on Wednesday, February 18th. The financial services provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.23. The firm had revenue of $20.72 million during the quarter, compared to the consensus estimate of $17.14 million. Farmland Partners had a net margin of 60.46% and a return on equity of 6.67%. Farmland Partners has set its FY 2026 guidance at 0.330-0.370 EPS. On average, research analysts expect that Farmland Partners Inc. will post 0.13 EPS for the current fiscal year.

Farmland Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.09 per share. This is a positive change from Farmland Partners’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.2%. Farmland Partners’s dividend payout ratio is 40.00%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FPI shares. B. Riley Financial restated a “neutral” rating on shares of Farmland Partners in a research report on Thursday, February 19th. Wall Street Zen downgraded shares of Farmland Partners from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Farmland Partners in a research note on Monday, December 29th. Finally, Raymond James Financial restated a “market perform” rating on shares of Farmland Partners in a report on Thursday, March 12th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Farmland Partners Company 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.