Hsbc Holdings PLC Purchases New Shares in Farmland Partners Inc. $FPI

Hsbc Holdings PLC purchased a new stake in Farmland Partners Inc. (NYSE:FPI) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,122 shares of the financial services provider’s stock, valued at approximately $179,000.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Farmland Partners by 2,102.9% during the 1st quarter. GAMMA Investing LLC now owns 9,076 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 8,664 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Farmland Partners during the 1st quarter valued at $109,000. LaSalle St. Investment Advisors LLC bought a new position in shares of Farmland Partners during the 1st quarter worth $140,000. ProShare Advisors LLC bought a new position in shares of Farmland Partners during the 4th quarter worth $146,000. Finally, Mesirow Financial Investment Management Inc. bought a new position in shares of Farmland Partners during the 1st quarter worth $146,000. 58.00% of the stock is owned by hedge funds and other institutional investors.

Farmland Partners Stock Down 0.4%

Shares of NYSE FPI opened at $10.70 on Friday. Farmland Partners Inc. has a 52 week low of $9.66 and a 52 week high of $12.87. The business has a 50-day simple moving average of $11.01 and a two-hundred day simple moving average of $10.92. The company has a market cap of $480.75 million, a P/E ratio of 8.77 and a beta of 0.89.

Farmland Partners (NYSE:FPI) last released its quarterly earnings results 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). Farmland Partners had a net margin of 127.59% and a return on equity of 14.18%. The business had revenue of $6.02 million during the quarter, compared to analysts’ expectations of $9.50 million. Farmland Partners has set its FY 2025 guidance at 0.280-0.340 EPS. Equities research analysts anticipate that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded 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.