Universal Beteiligungs und Servicegesellschaft mbH Takes $2.91 Million Position in Farmland Partners Inc. (NYSE:FPI)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $2.91 million in Farmland Partners Inc., acquiring 260,873 shares during the first quarter.
• Farmland Partners announced a quarterly dividend of $0.06 per share, with a dividend yield of 2.24%, to be paid on October 15th.
• The stock of Farmland Partners has risen by 1.8% recently, with a current market price of $10.69 and a market capitalization of $480.27 million.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 260,873 shares of the financial services provider's stock, valued at approximately $2,909,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.57% of Farmland Partners at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its holdings in shares of Farmland Partners by 1.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,725,249 shares of the financial services provider's stock worth $43,809,000 after acquiring an additional 52,330 shares in the last quarter. Accordant Advisory Group Inc boosted its holdings in Farmland Partners by 1.4% in the 1st quarter. Accordant Advisory Group Inc now owns 906,563 shares of the financial services provider's stock valued at $10,108,000 after purchasing an additional 12,851 shares during the period. Deutsche Bank AG boosted its holdings in Farmland Partners by 0.4% in the 4th quarter. Deutsche Bank AG now owns 874,758 shares of the financial services provider's stock valued at $10,287,000 after purchasing an additional 3,501 shares during the period. Northern Trust Corp boosted its holdings in Farmland Partners by 8.6% in the 4th quarter. Northern Trust Corp now owns 455,094 shares of the financial services provider's stock valued at $5,352,000 after purchasing an additional 35,993 shares during the period. Finally, Westwood Holdings Group Inc. acquired a new stake in Farmland Partners during the fourth quarter worth about $4,704,000. 58.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Farmland Partners Trading Down 1.2%

FPI stock traded down $0.13 during trading on Wednesday, reaching $10.54. 515,591 shares of the stock were exchanged, compared to its average volume of 427,909. Farmland Partners Inc. has a twelve month low of $9.66 and a twelve month high of $12.87. The company has a market capitalization of $473.35 million, a P/E ratio of 8.64 and a beta of 0.83. The stock has a 50 day simple moving average of $11.29 and a 200-day simple moving average of $11.08.

Farmland Partners (NYSE:FPI - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The company had revenue of $6.02 million for the quarter, compared to analyst estimates of $9.50 million. Farmland Partners had a net margin of 127.59% and a return on equity of 14.18%. Equities analysts predict that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.28%. The ex-dividend date is Wednesday, October 1st. Farmland Partners's dividend payout ratio (DPR) is presently 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.