Denali Advisors LLC Has $1.13 Million Stock Holdings in Farmland Partners Inc. $FPI

Denali Advisors LLC lifted its holdings in shares of Farmland Partners Inc. (NYSE:FPI) by 98.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 116,113 shares of the financial services provider’s stock after buying an additional 57,613 shares during the period. Denali Advisors LLC’s holdings in Farmland Partners were worth $1,125,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of FPI. Jupiter Asset Management Ltd. bought a new stake in shares of Farmland Partners in the 3rd quarter valued at about $3,525,000. JPMorgan Chase & Co. grew its position in shares of Farmland Partners by 73.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 509,394 shares of the financial services provider’s stock worth $5,542,000 after purchasing an additional 216,544 shares in the last quarter. Accordant Advisory Group Inc grew its position in shares of Farmland Partners by 14.7% during the 4th quarter. Accordant Advisory Group Inc now owns 1,337,831 shares of the financial services provider’s stock worth $12,964,000 after purchasing an additional 171,813 shares in the last quarter. Man Group plc acquired a new stake in shares of Farmland Partners during the 3rd quarter worth approximately $1,561,000. Finally, Jane Street Group LLC acquired a new stake in shares of Farmland Partners during the 1st quarter worth approximately $1,404,000. 58.00% of the stock is owned by institutional investors.

Farmland Partners Stock Performance

Farmland Partners stock opened at $10.59 on Friday. The stock has a market cap of $461.89 million, a PE ratio of 18.26 and a beta of 0.68. Farmland Partners Inc. has a fifty-two week low of $9.36 and a fifty-two week high of $13.23. The firm’s 50-day simple moving average is $11.70 and its 200 day simple moving average is $10.86.

Farmland Partners (NYSE:FPI) last released its earnings results on Wednesday, April 29th. The financial services provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $10.10 million during the quarter, compared to analysts’ expectations of $5.67 million. Farmland Partners had a net margin of 57.94% and a return on equity of 6.48%. Farmland Partners has set its FY 2026 guidance at 0.300-0.350 EPS. As a group, analysts predict that Farmland Partners Inc. will post 0.31 EPS for the current fiscal year.

Farmland Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.36 annualized dividend and a dividend yield of 3.4%. Farmland Partners’s payout ratio is 62.07%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Raymond James Financial restated a “market perform” rating on shares of Farmland Partners in a research report on Thursday, March 12th. B. Riley Financial reissued a “neutral” rating on shares of Farmland Partners in a research note on Thursday, February 19th. Wall Street Zen downgraded shares of Farmland Partners from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Weiss Ratings raised shares of Farmland Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Finally, Zacks Research upgraded shares of Farmland Partners from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Farmland Partners Profile

Farmland Partners Inc is a real estate investment trust (REIT) that acquires and manages high-quality farmland in the United States. The company’s primary business activity is the ownership of agricultural land, which it leases to farmers under various rental arrangements designed to generate stable cash rents and long-term capital appreciation. By focusing on farmland as a real asset, the company seeks to benefit from rising global demand for food, fiber and renewable fuels.

Founded in 2013 and headquartered in Scottsdale, Arizona, Farmland Partners completed its initial public offering in June 2017 and began trading on the New York Stock Exchange under the ticker FPI.