Invesco Ltd. Cuts Stock Position in Farmland Partners Inc. $FPI

Invesco Ltd. cut its holdings in shares of Farmland Partners Inc. (NYSE:FPI) by 23.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,353 shares of the financial services provider’s stock after selling 23,222 shares during the period. Invesco Ltd. owned about 0.17% of Farmland Partners worth $851,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FPI. Arbor Capital Management Inc. ADV increased its stake in shares of Farmland Partners by 3.2% during the first quarter. Arbor Capital Management Inc. ADV now owns 34,382 shares of the financial services provider’s stock worth $382,000 after buying an additional 1,063 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Farmland Partners by 4.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,230 shares of the financial services provider’s stock worth $297,000 after buying an additional 1,064 shares during the period. Annex Advisory Services LLC increased its stake in shares of Farmland Partners by 1.5% during the first quarter. Annex Advisory Services LLC now owns 102,483 shares of the financial services provider’s stock worth $1,143,000 after buying an additional 1,550 shares during the period. Cozad Asset Management Inc. increased its stake in shares of Farmland Partners by 5.7% during the first quarter. Cozad Asset Management Inc. now owns 33,415 shares of the financial services provider’s stock worth $373,000 after buying an additional 1,815 shares during the period. Finally, Park Avenue Securities LLC increased its stake in shares of Farmland Partners by 13.0% during the first quarter. Park Avenue Securities LLC now owns 16,764 shares of the financial services provider’s stock worth $187,000 after buying an additional 1,934 shares during the period. 58.00% of the stock is currently owned by hedge funds and other institutional investors.

Farmland Partners Trading Down 0.4%

Shares of FPI opened at $10.63 on Thursday. The firm has a market cap of $477.17 million, a PE ratio of 8.71 and a beta of 0.89. The company’s 50 day simple moving average is $11.04 and its 200-day simple moving average is $10.93. 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 earnings results on Wednesday, July 23rd. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business 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. As a group, equities research analysts forecast that Farmland Partners Inc. will post 0.13 EPS for the current fiscal year.

Farmland Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, October 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.3%. Farmland Partners’s dividend payout ratio (DPR) is 19.67%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th.

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.