GSA Capital Partners LLP acquired a new stake in Farmland Partners Inc. (NYSE:FPI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 135,992 shares of the financial services provider's stock, valued at approximately $1,316,000. GSA Capital Partners LLP owned about 0.31% of Farmland Partners at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. Strengthening Families & Communities LLC acquired a new stake in Farmland Partners during the fourth quarter worth approximately $27,000. Advisory Services Network LLC acquired a new position in Farmland Partners in the 3rd quarter valued at $29,000. Pinnacle Holdings LLC purchased a new position in shares of Farmland Partners during the 4th quarter worth $31,000. Tower Research Capital LLC TRC lifted its stake in shares of Farmland Partners by 218.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the financial services provider's stock worth $48,000 after purchasing an additional 2,886 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of Farmland Partners by 118.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 5,377 shares of the financial services provider's stock worth $52,000 after purchasing an additional 2,912 shares during the last quarter. Hedge funds and other institutional investors own 58.00% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently commented on FPI. Zacks Research downgraded Farmland Partners from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 11th. Weiss Ratings upgraded Farmland Partners from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold".
View Our Latest Stock Report on Farmland Partners
Farmland Partners Stock Performance
Farmland Partners stock opened at $9.77 on Tuesday. Farmland Partners Inc. has a 1 year low of $9.21 and a 1 year high of $13.23. The firm has a 50 day moving average price of $9.71 and a 200 day moving average price of $10.80. The company has a market cap of $426.27 million, a price-to-earnings ratio of 19.16 and a beta of 0.67.
Farmland Partners (NYSE:FPI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.05. The company had revenue of $9.40 million for the quarter, compared to the consensus estimate 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 predict that Farmland Partners Inc. will post 0.26 EPS for the current year.
Farmland Partners Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders 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 dividend yield of 3.7%. The ex-dividend date is Thursday, October 1st. Farmland Partners's dividend payout ratio is presently 70.59%.
About Farmland Partners
(
Free Report)
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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