JPMorgan Chase & Co. Purchases 117,350 Shares of Farmland Partners Inc. (NYSE:FPI)

JPMorgan Chase & Co. lifted its position in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) by 93.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Farmland Partners in the fourth quarter worth approximately $3,490,000. Global Alpha Capital Management Ltd. raised its position in shares of Farmland Partners by 9.2% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 3,387,769 shares of the financial services provider's stock valued at $39,840,000 after purchasing an additional 284,000 shares in the last quarter. Accordant Advisory Group Inc increased its holdings in Farmland Partners by 9.9% in the fourth quarter. Accordant Advisory Group Inc now owns 893,712 shares of the financial services provider's stock valued at $10,510,000 after buying an additional 80,736 shares during the last quarter. Barclays PLC raised its holdings in shares of Farmland Partners by 221.7% during the third quarter. Barclays PLC now owns 68,150 shares of the financial services provider's stock worth $712,000 after purchasing an additional 46,968 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in Farmland Partners during the 4th quarter valued at approximately $511,000. Institutional investors and hedge funds own 58.00% of the company's stock.

Wall Street Analyst Weigh In

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

Farmland Partners Price Performance

Shares of NYSE:FPI traded up $0.25 on Friday, reaching $10.07. 658,083 shares of the company traded hands, compared to its average volume of 345,175. The company's 50 day moving average is $10.86 and its 200-day moving average is $11.47. The stock has a market capitalization of $463.12 million, a PE ratio of 10.07 and a beta of 0.78. Farmland Partners Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $12.87.

Farmland Partners (NYSE:FPI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. Farmland Partners had a net margin of 102.89% and a return on equity of 11.47%. The business had revenue of $21.47 million during the quarter, compared to the consensus estimate of $20.29 million. As a group, analysts expect that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Tuesday, April 1st. Farmland Partners's dividend payout ratio (DPR) is presently 24.00%.

About Farmland Partners

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.