Charles Schwab Investment Management Inc. Grows Stock Holdings in Farmland Partners Inc. $FPI

Charles Schwab Investment Management Inc. increased its stake in shares of Farmland Partners Inc. (NYSE:FPI) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 376,468 shares of the financial services provider’s stock after buying an additional 2,613 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.82% of Farmland Partners worth $4,198,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FPI. Wells Fargo & Company MN grew its holdings in shares of Farmland Partners by 28.0% during the fourth quarter. Wells Fargo & Company MN now owns 31,992 shares of the financial services provider’s stock worth $376,000 after buying an additional 6,995 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Farmland Partners in the 4th quarter valued at approximately $169,000. Barclays PLC boosted its holdings in Farmland Partners by 23.5% in the 4th quarter. Barclays PLC now owns 84,132 shares of the financial services provider’s stock valued at $990,000 after purchasing an additional 15,982 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in Farmland Partners by 22.7% in the 4th quarter. MetLife Investment Management LLC now owns 30,215 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 5,580 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Farmland Partners by 166.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 21,767 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 13,599 shares in the last quarter. Hedge funds and other institutional investors own 58.00% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Farmland Partners from a “hold” rating to a “sell” rating in a report on Friday, August 22nd.

Farmland Partners Price Performance

Shares of NYSE:FPI opened at $10.99 on Friday. The business’s 50 day simple moving average is $11.08 and its 200-day simple moving average is $10.96. The firm has a market capitalization of $493.34 million, a price-to-earnings ratio of 9.00 and a beta of 0.84. Farmland Partners Inc. has a 12 month low of $9.66 and a 12 month high of $12.87.

Farmland Partners (NYSE:FPI) last announced its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $6.02 million for the quarter, compared to analysts’ expectations of $9.50 million. Farmland Partners had a return on equity of 14.18% and a net margin of 127.59%. Farmland Partners has set its FY 2025 guidance at 0.280-0.340 EPS. On average, equities analysts anticipate that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $0.24 annualized dividend and a dividend yield of 2.2%. Farmland Partners’s payout ratio is 19.67%.

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.