Hilltop National Bank Invests $251,000 in Farmland Partners Inc. $FPI

Hilltop National Bank acquired a new position in shares of Farmland Partners Inc. (NYSE:FPI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,800 shares of the financial services provider’s stock, valued at approximately $251,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Global Alpha Capital Management Ltd. grew its stake in Farmland Partners by 2.3% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 3,465,969 shares of the financial services provider’s stock worth $38,646,000 after buying an additional 78,200 shares in the last quarter. Accordant Advisory Group Inc grew its position in Farmland Partners by 1.4% in the first quarter. Accordant Advisory Group Inc now owns 906,563 shares of the financial services provider’s stock worth $10,108,000 after acquiring an additional 12,851 shares in the last quarter. Deutsche Bank AG grew its position in Farmland Partners by 0.4% in the first quarter. Deutsche Bank AG now owns 878,591 shares of the financial services provider’s stock worth $9,796,000 after acquiring an additional 3,833 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Farmland Partners by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 376,468 shares of the financial services provider’s stock worth $4,198,000 after acquiring an additional 2,613 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Farmland Partners in the 1st quarter worth about $2,909,000. Hedge funds and other institutional investors own 58.00% of the company’s stock.

Analysts Set New Price Targets

FPI has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Farmland Partners in a report on Saturday, September 27th. Wall Street Zen lowered Farmland Partners from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Farmland Partners has a consensus rating of “Hold”.

Farmland Partners Stock Down 0.1%

NYSE FPI opened at $10.72 on Friday. The firm has a market cap of $481.21 million, a price-to-earnings ratio of 8.78 and a beta of 0.89. Farmland Partners Inc. has a 12-month low of $9.66 and a 12-month high of $12.87. The company has a 50-day simple moving average of $10.82 and a two-hundred day simple moving average of $10.84.

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

Farmland Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid 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 is 19.67%.

About Farmland Partners

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.