JPMorgan Chase & Co. Increases Holdings in Farmland Partners Inc. (NYSE:FPI)

JPMorgan Chase & Co. boosted its stake in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) by 93.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 243,045 shares of the financial services provider's stock after acquiring an additional 117,350 shares during the quarter. JPMorgan Chase & Co. owned 0.50% of Farmland Partners worth $2,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. LPL Financial LLC boosted its holdings in Farmland Partners by 30.9% during the 4th quarter. LPL Financial LLC now owns 97,781 shares of the financial services provider's stock valued at $1,150,000 after acquiring an additional 23,102 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Farmland Partners during the 4th quarter valued at about $104,000. Quantbot Technologies LP lifted its holdings in Farmland Partners by 34.9% in the 4th quarter. Quantbot Technologies LP now owns 15,543 shares of the financial services provider's stock worth $183,000 after buying an additional 4,019 shares during the period. Intech Investment Management LLC purchased a new stake in Farmland Partners in the 4th quarter worth approximately $255,000. Finally, Meriwether Wealth & Planning LLC purchased a new stake in Farmland Partners in the 4th quarter worth approximately $119,000. 58.00% of the stock is currently owned by hedge funds and other institutional investors.

Farmland Partners Trading Up 0.5 %

NYSE FPI traded up $0.05 on Monday, hitting $10.12. The company's stock had a trading volume of 390,925 shares, compared to its average volume of 345,742. Farmland Partners Inc. has a 52-week low of $9.66 and a 52-week high of $12.87. The company's 50-day simple moving average is $10.80 and its 200 day simple moving average is $11.47. The firm has a market cap of $465.42 million, a P/E ratio of 10.12 and a beta of 0.78.

Farmland Partners (NYSE:FPI - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. Farmland Partners had a return on equity of 11.47% and a net margin of 102.89%. The company had revenue of $21.47 million for the quarter, compared to analyst estimates of $20.29 million. On average, research analysts forecast that Farmland Partners Inc. will post 0.13 EPS for the current fiscal year.

Farmland Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were given a dividend of $0.06 per share. The ex-dividend date was Tuesday, April 1st. This represents a $0.24 annualized dividend and a dividend yield of 2.37%. Farmland Partners's dividend payout ratio is presently 24.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Farmland Partners from a "sell" rating to a "hold" rating in a report on Friday, February 28th.

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.