JPMorgan Chase & Co. Grows Stake in Farmland Partners Inc. $FPI

Key Points

• JPMorgan Chase & Co. increased its stake in Farmland Partners by 73.9% in Q3 to 509,394 shares—about 1.18% of the company—worth roughly $5.54 million.
• Farmland Partners beat the recent quarter's estimates with $0.43 EPS (vs. $0.20 expected) and $20.72M revenue (vs. $17.14M), and set FY2026 guidance of $0.33–$0.37 EPS, while analysts’ ratings remain largely at “Hold.”
• The company raised its quarterly dividend to $0.09 (annualized $0.36) for a 3.2% yield—up from $0.06—with an ex-dividend date of April 1.

JPMorgan Chase & Co. lifted its stake in Farmland Partners Inc. (NYSE:FPI - Free Report) by 73.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 509,394 shares of the financial services provider's stock after buying an additional 216,544 shares during the period. JPMorgan Chase & Co. owned approximately 1.18% of Farmland Partners worth $5,542,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Tudor Investment Corp ET AL grew its stake in Farmland Partners by 25.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 245,454 shares of the financial services provider's stock worth $2,671,000 after buying an additional 49,157 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Farmland Partners during the third quarter worth approximately $29,000. Worth Venture Partners LLC acquired a new position in shares of Farmland Partners in the 3rd quarter valued at $292,000. Qube Research & Technologies Ltd increased its holdings in shares of Farmland Partners by 71.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 59,175 shares of the financial services provider's stock valued at $644,000 after acquiring an additional 24,644 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its position in Farmland Partners by 17.6% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 59,162 shares of the financial services provider's stock valued at $644,000 after purchasing an additional 8,842 shares during the last quarter. Institutional investors and hedge funds own 58.00% of the company's stock.

Farmland Partners Stock Performance

FPI stock opened at $11.25 on Thursday. The stock has a market capitalization of $490.62 million, a PE ratio of 18.74 and a beta of 0.83. The company has a fifty day moving average of $11.78 and a 200-day moving average of $10.73. Farmland Partners Inc. has a one year low of $9.36 and a one year high of $13.23.

Farmland Partners (NYSE:FPI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.23. The business had revenue of $20.72 million for the quarter, compared to analyst estimates 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. Equities analysts forecast that Farmland Partners Inc. will post 0.13 earnings per share for the current fiscal year.

Farmland Partners Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. B. Riley Financial reaffirmed a "neutral" rating on shares of Farmland Partners in a report on Thursday, February 19th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Farmland Partners in a research note on Monday, December 29th. Raymond James Financial reaffirmed a "market perform" rating on shares of Farmland Partners in a research report on Thursday, March 12th. Finally, Wall Street Zen downgraded Farmland Partners from a "hold" rating to a "sell" rating in a research note on Saturday, March 21st. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average 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.

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