Deutsche Bank AG Buys 3,833 Shares of Farmland Partners Inc. (NYSE:FPI)

Deutsche Bank AG increased its stake in Farmland Partners Inc. (NYSE:FPI) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 878,591 shares of the financial services provider’s stock after acquiring an additional 3,833 shares during the quarter. Deutsche Bank AG owned 1.91% of Farmland Partners worth $9,796,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Farmland Partners by 92.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,985 shares of the financial services provider’s stock valued at $424,000 after acquiring an additional 18,207 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Farmland Partners in the 4th quarter valued at $635,000. Northern Trust Corp increased its stake in Farmland Partners by 8.6% during the 4th quarter. Northern Trust Corp now owns 455,094 shares of the financial services provider’s stock valued at $5,352,000 after purchasing an additional 35,993 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Farmland Partners by 93.4% during the 4th quarter. JPMorgan Chase & Co. now owns 243,045 shares of the financial services provider’s stock valued at $2,858,000 after purchasing an additional 117,350 shares in the last quarter. Finally, Park Avenue Securities LLC increased its stake in Farmland Partners by 13.0% during the 1st quarter. Park Avenue Securities LLC now owns 16,764 shares of the financial services provider’s stock valued at $187,000 after purchasing an additional 1,934 shares in the last quarter. Institutional investors own 58.00% of the company’s stock.

Farmland Partners Trading Up 0.8%

Shares of FPI stock opened at $10.82 on Friday. The firm has a market capitalization of $485.93 million, a PE ratio of 8.87 and a beta of 0.84. The firm has a fifty day simple moving average of $11.19 and a two-hundred day simple moving average of $11.01. 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 analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $6.02 million for the quarter, compared to the consensus estimate of $9.50 million. Farmland Partners had a net margin of 127.59% and a return on equity of 14.18%. On average, equities analysts predict that Farmland Partners Inc. will post 0.13 earnings per share for the current fiscal year.

Farmland Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders 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 yield of 2.2%. The ex-dividend date of this dividend is Wednesday, October 1st. Farmland Partners’s payout ratio is currently 19.67%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th.

Farmland Partners Company 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.