Cauble & Harre Wealth Management Inc. Invests $2.15 Million in Farmland Partners Inc. $FPI

Cauble & Harre Wealth Management Inc. bought a new position in shares of Farmland Partners Inc. (NYSE:FPI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 221,952 shares of the financial services provider’s stock, valued at approximately $2,151,000. Farmland Partners accounts for approximately 1.8% of Cauble & Harre Wealth Management Inc.’s portfolio, making the stock its 17th biggest holding. Cauble & Harre Wealth Management Inc. owned approximately 0.51% of Farmland Partners as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Denali Advisors LLC boosted its holdings in shares of Farmland Partners by 98.5% during the 4th quarter. Denali Advisors LLC now owns 116,113 shares of the financial services provider’s stock worth $1,125,000 after buying an additional 57,613 shares during the period. Ballentine Partners LLC bought a new stake in shares of Farmland Partners during the 4th quarter worth about $156,000. Strengthening Families & Communities LLC bought a new stake in shares of Farmland Partners during the 4th quarter worth about $27,000. Garner Asset Management Corp bought a new stake in shares of Farmland Partners during the 4th quarter worth about $99,000. Finally, Truist Financial Corp bought a new stake in shares of Farmland Partners during the 4th quarter worth about $279,000. Institutional investors own 58.00% of the company’s stock.

Analysts Set New Price Targets

FPI has been the subject of several research analyst reports. Raymond James Financial reaffirmed a “market perform” rating on shares of Farmland Partners in a report on Thursday, March 12th. B. Riley Financial restated a “neutral” rating on shares of Farmland Partners in a research note on Thursday, February 19th. Zacks Research downgraded Farmland Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Weiss Ratings upgraded Farmland Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Finally, Wall Street Zen downgraded Farmland Partners from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Farmland Partners Stock Down 1.9%

NYSE FPI opened at $10.16 on Friday. The company has a market capitalization of $442.96 million, a P/E ratio of 17.51 and a beta of 0.68. Farmland Partners Inc. has a 12-month low of $9.36 and a 12-month high of $13.23. The firm has a 50-day moving average price of $11.39 and a two-hundred day moving average price of $10.87.

Farmland Partners (NYSE:FPI) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $10.10 million during the quarter, compared to the consensus estimate of $5.67 million. Farmland Partners had a net margin of 57.94% and a return on equity of 6.48%. Farmland Partners has set its FY 2026 guidance at 0.300-0.350 EPS. Equities analysts expect that Farmland Partners Inc. will post 0.31 EPS for the current year.

Farmland Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Wednesday, July 1st. Farmland Partners’s dividend payout ratio is presently 62.07%.

About Farmland Partners

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.