Ameritas Advisory Services LLC Invests $28,000 in Farmland Partners Inc. $FPI

Ameritas Advisory Services LLC bought a new position in shares of Farmland Partners Inc. (NYSE:FPI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,430 shares of the financial services provider’s stock, valued at approximately $28,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised 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 worth $101,000 after purchasing an additional 8,664 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Farmland Partners by 92.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 37,985 shares of the financial services provider’s stock worth $424,000 after acquiring an additional 18,207 shares during the last quarter. Taylor Frigon Capital Management LLC raised its holdings in shares of Farmland Partners by 2.2% in the first quarter. Taylor Frigon Capital Management LLC now owns 122,949 shares of the financial services provider’s stock worth $1,371,000 after acquiring an additional 2,687 shares during the last quarter. Arbor Capital Management Inc. ADV raised its holdings in shares of Farmland Partners by 3.2% in the first quarter. Arbor Capital Management Inc. ADV now owns 34,382 shares of the financial services provider’s stock worth $382,000 after acquiring an additional 1,063 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Farmland Partners by 8.0% in the first quarter. Envestnet Asset Management Inc. now owns 167,330 shares of the financial services provider’s stock worth $1,866,000 after acquiring an additional 12,358 shares during the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.

Farmland Partners Stock Performance

FPI opened at $10.29 on Thursday. Farmland Partners Inc. has a 1 year low of $9.66 and a 1 year high of $12.87. The firm has a 50 day moving average price of $10.78 and a 200 day moving average price of $10.80. The company has a market cap of $461.90 million, a PE ratio of 8.43 and a beta of 0.89.

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

Farmland Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were paid a $0.06 dividend. The ex-dividend date was 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 Analyst Weigh In

Several research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Farmland Partners from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Farmland Partners in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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.