Universal Beteiligungs und Servicegesellschaft mbH Buys New Stake 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 stake in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) in the 1st quarter, according to its most recent Form 13F 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 about 0.57% of Farmland Partners as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in FPI. Massachusetts Financial Services Co. MA lifted its holdings in 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 valued at $43,809,000 after purchasing an additional 52,330 shares in the last quarter. Accordant Advisory Group Inc lifted its holdings in Farmland Partners by 1.4% during the first 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 in the last quarter. Deutsche Bank AG lifted its holdings in Farmland Partners by 0.4% during the fourth 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 in the last quarter. Northern Trust Corp lifted its holdings in Farmland Partners by 8.6% during the fourth 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 in the last quarter. Finally, Westwood Holdings Group Inc. purchased a new position in Farmland Partners during the fourth quarter valued at approximately $4,704,000. 58.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Farmland Partners from a "sell" rating to a "hold" rating in a report on Saturday, July 26th.

Farmland Partners Stock Performance

Shares of Farmland Partners stock traded up $0.13 on Friday, hitting $10.60. 533,595 shares of the company traded hands, compared to its average volume of 444,767. The stock has a market capitalization of $476.08 million, a P/E ratio of 8.69 and a beta of 0.84. Farmland Partners Inc. has a 52 week low of $9.66 and a 52 week high of $12.87. The business has a 50-day simple moving average of $11.28 and a 200 day simple moving average of $11.07.

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 (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 company had revenue of $6.02 million for the quarter, compared to the consensus estimate of $9.50 million. Research analysts expect that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, October 1st. Farmland Partners's dividend payout ratio is 19.67%.

Farmland Partners Company 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.