Universal Beteiligungs und Servicegesellschaft mbH Invests $2.91 Million in Farmland Partners Inc. (NYSE:FPI)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Farmland Partners Inc. (NYSE:FPI) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 260,873 shares of the financial services provider’s stock, valued at approximately $2,909,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.57% of Farmland Partners at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its holdings in Farmland Partners by 1.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,725,249 shares of the financial services provider’s stock valued at $43,809,000 after acquiring an additional 52,330 shares during the last quarter. Accordant Advisory Group Inc grew its holdings in shares of Farmland Partners by 1.4% during the first quarter. Accordant Advisory Group Inc now owns 906,563 shares of the financial services provider’s stock valued at $10,108,000 after purchasing an additional 12,851 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Farmland Partners by 0.4% during the fourth quarter. Deutsche Bank AG now owns 874,758 shares of the financial services provider’s stock valued at $10,287,000 after acquiring an additional 3,501 shares during the period. Northern Trust Corp boosted its position in shares of Farmland Partners by 8.6% during the fourth quarter. Northern Trust Corp now owns 455,094 shares of the financial services provider’s stock worth $5,352,000 after buying an additional 35,993 shares during the period. Finally, Westwood Holdings Group Inc. bought a new stake in shares of Farmland Partners during the fourth quarter valued at about $4,704,000. Institutional investors and hedge funds own 58.00% of the company’s stock.

Farmland Partners Stock Up 1.8%

NYSE FPI opened at $10.69 on Wednesday. The stock has a market capitalization of $480.27 million, a PE ratio of 8.77 and a beta of 0.83. The company has a 50 day moving average price of $11.29 and a two-hundred day moving average price of $11.08. Farmland Partners Inc. has a 12-month low of $9.66 and a 12-month high of $12.87.

Farmland Partners (NYSE:FPI) last posted its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $6.02 million for the quarter, compared to analyst estimates of $9.50 million. Farmland Partners had a return on equity of 14.18% and a net margin of 127.59%. As a group, equities analysts anticipate that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Wednesday, October 1st. Farmland Partners’s payout ratio is 19.67%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Farmland Partners from a “sell” rating to a “hold” rating in a report on Saturday.

Farmland Partners 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.