GSA Capital Partners LLP Takes $1.32 Million Position in Farmland Partners Inc. $FPI

GSA Capital Partners LLP bought a new position in shares of Farmland Partners Inc. (NYSE:FPI) in the second quarter, Holdings Channel reports. The firm bought 135,992 shares of the financial services provider’s stock, valued at approximately $1,316,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Farmland Partners by 1.4% during the third quarter. Vanguard Group Inc. now owns 4,145,903 shares of the financial services provider’s stock worth $45,107,000 after buying an additional 56,326 shares during the period. Deutsche Bank AG raised its stake in shares of Farmland Partners by 5.7% in the 4th quarter. Deutsche Bank AG now owns 928,591 shares of the financial services provider’s stock valued at $8,998,000 after acquiring an additional 50,000 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Farmland Partners by 73.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 509,394 shares of the financial services provider’s stock valued at $5,542,000 after acquiring an additional 216,544 shares during the period. Marshall Wace LLP lifted its holdings in shares of Farmland Partners by 181.0% during the 4th quarter. Marshall Wace LLP now owns 443,151 shares of the financial services provider’s stock valued at $4,294,000 after acquiring an additional 285,440 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Farmland Partners by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 385,928 shares of the financial services provider’s stock valued at $3,740,000 after acquiring an additional 5,449 shares in the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.

Farmland Partners Stock Down 1.5%

NYSE FPI opened at $9.77 on Tuesday. Farmland Partners Inc. has a fifty-two week low of $9.21 and a fifty-two week high of $13.23. The business has a 50 day moving average price of $9.71 and a two-hundred day moving average price of $10.80. The stock has a market cap of $426.27 million, a PE ratio of 19.16 and a beta of 0.67.

Farmland Partners (NYSE:FPI) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $9.40 million for the quarter, compared to analyst estimates of $5.64 million. Farmland Partners had a net margin of 49.85% and a return on equity of 5.54%. Farmland Partners has set its FY 2026 guidance at 0.310-0.350 EPS. Sell-side analysts anticipate that Farmland Partners Inc. will post 0.26 EPS for the current fiscal year.

Farmland Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, October 1st. Farmland Partners’s dividend payout ratio (DPR) is presently 70.59%.

Analysts Set New Price Targets

FPI has been the subject of a number of research reports. Zacks Research cut shares of Farmland Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings raised Farmland Partners from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

About Farmland Partners

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.