Man Group plc Purchases New Holdings in Farmland Partners Inc. $FPI

Key Points

• Man Group plc acquired 284,721 shares of Farmland Partners in the second quarter, valued at approximately $2.76 million and representing about 0.65% of the company. Institutional investors collectively own 58% of FPI.
• Farmland Partners reported quarterly EPS of $0.07, beating the $0.02 analyst consensus, while revenue reached $9.40 million versus expectations of $5.64 million. Analysts maintain an overall “Hold” rating.
• The company declared a quarterly dividend of $0.09 per share, equal to $0.36 annually and a 3.5% yield, payable October 15 to shareholders of record October 1.

Man Group plc purchased a new stake in Farmland Partners Inc. (NYSE:FPI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 284,721 shares of the financial services provider's stock, valued at approximately $2,756,000. Man Group plc owned approximately 0.65% of Farmland Partners as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Farmland Partners during the second quarter valued at approximately $40,290,000. Vanguard Group Inc. lifted its position in Farmland Partners by 1.4% in the third quarter. Vanguard Group Inc. now owns 4,145,903 shares of the financial services provider's stock worth $45,107,000 after purchasing an additional 56,326 shares during the period. Deutsche Bank AG bought a new position in Farmland Partners in the second quarter worth $9,101,000. JPMorgan Chase & Co. boosted its stake in Farmland Partners by 73.9% during the third quarter. JPMorgan Chase & Co. now owns 509,394 shares of the financial services provider's stock worth $5,542,000 after buying an additional 216,544 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Farmland Partners by 181.0% during the fourth quarter. Marshall Wace LLP now owns 443,151 shares of the financial services provider's stock worth $4,294,000 after buying an additional 285,440 shares in the last quarter. Institutional investors own 58.00% of the company's stock.

Analyst Upgrades and Downgrades

FPI has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Farmland Partners from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. Zacks Research lowered Farmland Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 11th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

Farmland Partners Trading Up 0.4%

NYSE:FPI opened at $10.29 on Tuesday. The stock has a market capitalization of $448.95 million, a P/E ratio of 20.18 and a beta of 0.67. 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 of $9.78 and a 200-day moving average of $10.71.

Farmland Partners (NYSE:FPI - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.05. The firm had revenue of $9.40 million during the quarter, compared to analysts' expectations of $5.64 million. Farmland Partners had a return on equity of 5.54% and a net margin of 49.85%.Farmland Partners has set its FY 2026 guidance at 0.310-0.350 EPS. As a group, analysts forecast that Farmland Partners Inc. will post 0.26 EPS for the current fiscal year.

Farmland Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.36 annualized dividend and a yield of 3.5%. Farmland Partners's dividend payout ratio is 70.59%.

Farmland Partners 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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