Cauble & Harre Wealth Management Inc. Buys New Position in Farmland Partners Inc. $FPI

Cauble & Harre Wealth Management Inc. bought a new stake in Farmland Partners Inc. (NYSE:FPI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 189,729 shares of the financial services provider’s stock, valued at approximately $1,837,000. Farmland Partners makes up about 1.5% of Cauble & Harre Wealth Management Inc.’s investment portfolio, making the stock its 13th largest position.

Several other hedge funds also recently modified their holdings of FPI. Intech Investment Management LLC grew its holdings in shares of Farmland Partners by 5.5% during the fourth quarter. Intech Investment Management LLC now owns 19,276 shares of the financial services provider’s stock worth $187,000 after buying an additional 1,004 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Farmland Partners by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,322 shares of the financial services provider’s stock valued at $293,000 after buying an additional 1,092 shares during the period. Kestra Advisory Services LLC lifted its stake in shares of Farmland Partners by 9.9% during the fourth quarter. Kestra Advisory Services LLC now owns 13,040 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,171 shares during the period. State of Alaska Department of Revenue boosted its position in Farmland Partners by 6.0% during the fourth quarter. State of Alaska Department of Revenue now owns 23,744 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 1,339 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its position in Farmland Partners by 8.1% during the first quarter. Resona Asset Management Co. Ltd. now owns 18,604 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 1,401 shares during the last quarter. 58.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Farmland Partners Price Performance

NYSE FPI opened at $10.17 on Friday. Farmland Partners Inc. has a 12 month low of $9.21 and a 12 month high of $13.23. The company has a 50-day moving average of $9.72 and a 200-day moving average of $10.77. The company has a market cap of $443.73 million, a P/E ratio of 19.94 and a beta of 0.67.

Farmland Partners (NYSE:FPI) last released its earnings results on Wednesday, July 29th. The financial services provider reported $0.07 earnings per share (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 business had revenue of $9.40 million for the quarter, compared to analysts’ expectations of $5.64 million. Farmland Partners has set its FY 2026 guidance at 0.310-0.350 EPS. As a group, equities research analysts anticipate that Farmland Partners Inc. will post 0.26 EPS for the current year.

Farmland Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.09 per share. 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 (DPR) is currently 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.