Jupiter Asset Management Ltd. Makes New $3.53 Million Investment in Farmland Partners Inc. $FPI

Jupiter Asset Management Ltd. bought a new stake in Farmland Partners Inc. (NYSE:FPI) in the third quarter, Holdings Channel.com reports. The institutional investor bought 324,022 shares of the financial services provider’s stock, valued at approximately $3,525,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brookwood Investment Group LLC grew its holdings in shares of Farmland Partners by 4.7% during the third quarter. Brookwood Investment Group LLC now owns 24,313 shares of the financial services provider’s stock valued at $265,000 after buying an additional 1,092 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Farmland Partners by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,322 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 1,092 shares in the last quarter. Resona Asset Management Co. Ltd. grew its stake in Farmland Partners by 9.5% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 18,903 shares of the financial services provider’s stock valued at $205,000 after acquiring an additional 1,646 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Farmland Partners by 6.5% in the 2nd quarter. Cetera Investment Advisers now owns 33,898 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 2,057 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Farmland Partners by 5.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,757 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 2,126 shares in the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.

Insider Activity

In other Farmland Partners news, Director John A. Good acquired 3,000 shares of Farmland Partners stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average price of $10.20 per share, with a total value of $30,600.00. Following the purchase, the director owned 15,100 shares in the company, valued at approximately $154,020. This trade represents a 24.79% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FPI shares. B. Riley Financial restated a “neutral” rating on shares of Farmland Partners in a report on Thursday. Weiss Ratings reissued a “hold (c-)” rating on shares of Farmland Partners in a research note on Monday, December 29th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Farmland Partners presently has an average rating of “Hold”.

Farmland Partners Price Performance

Shares of Farmland Partners stock opened at $11.87 on Friday. The firm has a market cap of $511.55 million, a price-to-earnings ratio of 19.78 and a beta of 0.79. The stock has a 50-day simple moving average of $10.74 and a 200-day simple moving average of $10.51. Farmland Partners Inc. has a 52-week low of $9.36 and a 52-week high of $12.61.

Farmland Partners (NYSE:FPI) last released its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.23. The firm had revenue of $20.72 million for the quarter, compared to the consensus estimate of $17.14 million. Farmland Partners had a return on equity of 6.65% and a net margin of 60.46%.Farmland Partners has set its FY 2026 guidance at 0.330-0.370 EPS. As a group, equities research analysts predict that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, April 1st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.0%. This is an increase from Farmland Partners’s previous quarterly dividend of $0.06. Farmland Partners’s payout ratio is 40.00%.

Farmland Partners Profile

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.