Farmland Partners Inc. $FPI Stock Position Decreased by Uniplan Investment Counsel Inc.

Key Points

• Uniplan Investment Counsel Inc. reduced its holdings in Farmland Partners Inc. by 3.5%, owning over 1 million shares valued at approximately $11.3 million.
• Farmland Partners reported lower-than-expected earnings of $0.03 per share for the last quarter, missing analysts' consensus estimates and achieving only $6.02 million in revenue.
• A recent analysis upgrade has changed Farmland Partners' rating from a "sell" to "hold" according to Wall Street Zen.

Uniplan Investment Counsel Inc. trimmed its stake in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) by 3.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,011,214 shares of the financial services provider's stock after selling 36,343 shares during the quarter. Farmland Partners comprises 1.1% of Uniplan Investment Counsel Inc.'s portfolio, making the stock its 23rd largest position. Uniplan Investment Counsel Inc. owned approximately 2.20% of Farmland Partners worth $11,275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Farmland Partners by 4.3% during 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 purchasing an additional 1,092 shares during the period. Clark Capital Management Group Inc. increased its position in Farmland Partners by 2.0% in the 1st quarter. Clark Capital Management Group Inc. now owns 214,641 shares of the financial services provider's stock valued at $2,393,000 after acquiring an additional 4,298 shares during the period. Federation des caisses Desjardins du Quebec increased its position in Farmland Partners by 3.2% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 118,424 shares of the financial services provider's stock valued at $1,321,000 after acquiring an additional 3,620 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Farmland Partners in the 1st quarter valued at approximately $356,000. Finally, State of Wyoming increased its position in Farmland Partners by 976.7% in the 1st quarter. State of Wyoming now owns 48,203 shares of the financial services provider's stock valued at $537,000 after acquiring an additional 43,726 shares during the period. 58.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Farmland Partners from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th.

Farmland Partners Stock Performance

Shares of FPI stock traded up $0.07 during mid-day trading on Friday, hitting $10.99. 103,482 shares of the stock traded hands, compared to its average volume of 391,249. Farmland Partners Inc. has a twelve month low of $9.66 and a twelve month high of $12.87. The firm has a market cap of $493.37 million, a price-to-earnings ratio of 9.00 and a beta of 0.89. The company's 50-day simple moving average is $10.95 and its 200-day simple moving average is $10.88.

Farmland Partners (NYSE:FPI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.03 earnings per share (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 analyst estimates of $9.50 million. Farmland Partners has set its FY 2025 guidance at 0.280-0.340 EPS. Analysts forecast that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Announces Dividend

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