Man Group plc Takes Position in Farmland Partners Inc. $FPI

Man Group plc bought a new position in shares of Farmland Partners Inc. (NYSE:FPI) in the second quarter, HoldingsChannel reports. The institutional investor bought 284,721 shares of the financial services provider’s stock, valued at approximately $2,756,000.

Other hedge funds have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board bought a new stake in Farmland Partners during the 2nd quarter worth about $371,000. Legal & General Group Plc bought a new position in shares of Farmland Partners in the 2nd quarter valued at about $39,000. The Manufacturers Life Insurance Company bought a new position in shares of Farmland Partners in the 2nd quarter valued at about $110,000. Capital Square LLC acquired a new stake in shares of Farmland Partners during the 2nd quarter worth approximately $196,000. Finally, Pinnacle Holdings LLC acquired a new stake in shares of Farmland Partners during the 2nd quarter worth approximately $31,000. Institutional investors own 58.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on FPI shares. Zacks Research lowered shares of Farmland Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Weiss Ratings upgraded shares of Farmland Partners from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Farmland Partners Stock Performance

Shares of FPI opened at $10.29 on Tuesday. The stock has a 50 day simple moving average of $9.78 and a 200 day simple moving average of $10.71. Farmland Partners Inc. has a 52-week low of $9.21 and a 52-week high of $13.23. The firm has a market capitalization of $448.95 million, a PE ratio of 20.18 and a beta of 0.67.

Farmland Partners (NYSE:FPI) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. Farmland Partners had a net margin of 49.85% and a return on equity of 5.54%. The firm had revenue of $9.40 million for the quarter, compared to the consensus estimate of $5.64 million. Farmland Partners has set its FY 2026 guidance at 0.310-0.350 EPS. Equities research analysts predict that Farmland Partners Inc. will post 0.26 EPS for the current fiscal year.

Farmland Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.36 dividend on an annualized basis and a yield of 3.5%. Farmland Partners’s dividend payout ratio is presently 70.59%.

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.