Charles Schwab Investment Management Inc. Buys 3,564 Shares of Farmland Partners Inc. (NYSE:FPI)

Charles Schwab Investment Management Inc. lifted its stake in Farmland Partners Inc. (NYSE:FPI) by 1.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 373,855 shares of the financial services provider’s stock after acquiring an additional 3,564 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Farmland Partners were worth $4,397,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in FPI. Stifel Financial Corp raised its holdings in Farmland Partners by 130.0% in the 3rd quarter. Stifel Financial Corp now owns 111,254 shares of the financial services provider’s stock valued at $1,163,000 after acquiring an additional 62,875 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Farmland Partners by 27.8% during the third quarter. JPMorgan Chase & Co. now owns 125,695 shares of the financial services provider’s stock valued at $1,314,000 after purchasing an additional 27,373 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Farmland Partners by 67.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 56,439 shares of the financial services provider’s stock valued at $730,000 after purchasing an additional 22,774 shares during the period. Barclays PLC lifted its position in Farmland Partners by 221.7% in the third quarter. Barclays PLC now owns 68,150 shares of the financial services provider’s stock worth $712,000 after purchasing an additional 46,968 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Farmland Partners during the fourth quarter worth $511,000. Institutional investors own 58.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a research note on Friday, February 28th.

Farmland Partners Stock Up 0.0 %

Shares of FPI opened at $11.06 on Thursday. The company has a 50-day moving average price of $11.51 and a two-hundred day moving average price of $11.51. The stock has a market cap of $507.36 million, a price-to-earnings ratio of 11.06 and a beta of 0.66. Farmland Partners Inc. has a 12 month low of $9.70 and a 12 month high of $12.87.

Farmland Partners (NYSE:FPI) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The business had revenue of $21.47 million during the quarter, compared to the consensus estimate of $20.29 million. Farmland Partners had a return on equity of 11.47% and a net margin of 102.89%. Equities research analysts expect that Farmland Partners Inc. will post 0.13 EPS for the current fiscal year.

Farmland Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.24 annualized dividend and a dividend yield of 2.17%. Farmland Partners’s dividend payout ratio is presently 24.00%.

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.