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

JPMorgan Chase & Co. lifted its holdings in shares of Farmland Partners Inc. (NYSE:FPI) by 27.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,695 shares of the financial services provider’s stock after purchasing an additional 27,373 shares during the period. JPMorgan Chase & Co. owned about 0.26% of Farmland Partners worth $1,314,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FPI. GSA Capital Partners LLP bought a new position in shares of Farmland Partners in the third quarter worth $105,000. Point72 Asset Management L.P. purchased a new stake in shares of Farmland Partners in the 3rd quarter valued at about $111,000. D.A. Davidson & CO. boosted its position in shares of Farmland Partners by 11.3% during the 3rd quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 1,182 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Farmland Partners during the third quarter worth about $123,000. Finally, BNP Paribas Financial Markets increased its position in shares of Farmland Partners by 22.0% in the third quarter. BNP Paribas Financial Markets now owns 12,107 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 2,183 shares during the last quarter. 58.00% of the stock is owned by institutional investors.

Farmland Partners Stock Performance

Shares of Farmland Partners stock opened at $11.51 on Friday. The stock has a market capitalization of $554.23 million, a price-to-earnings ratio of 41.09 and a beta of 0.70. Farmland Partners Inc. has a 52-week low of $9.70 and a 52-week high of $12.85. The company’s 50 day moving average price is $12.03 and its 200-day moving average price is $11.22.

Farmland Partners (NYSE:FPI) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. Farmland Partners had a net margin of 31.68% and a return on equity of 3.53%. The company had revenue of $13.32 million during the quarter, compared to analyst estimates of $11.88 million. During the same period last year, the business earned ($0.01) EPS. As a group, equities research analysts forecast that Farmland Partners Inc. will post 0.19 earnings per share for the current fiscal year.

Farmland Partners Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were issued a $1.15 dividend. This is an increase from Farmland Partners’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, December 23rd. Farmland Partners’s payout ratio is currently 85.71%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Farmland Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 9th.

Insider Buying and Selling at Farmland Partners

In related news, Director John A. Good purchased 15,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average cost of $12.23 per share, for a total transaction of $183,450.00. Following the acquisition, the director now owns 101,465 shares of the company’s stock, valued at $1,240,916.95. The trade was a 17.35 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.30% of the stock is currently owned by company insiders.

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.