Farmland Partners Inc. (FPI) To Go Ex-Dividend on April 1st

Farmland Partners Inc. (NYSE:FPI) announced a quarterly dividend on Tuesday, February 17th. Shareholders of record on Wednesday, April 1st will be given a dividend of 0.09 per share by the financial services provider on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Wednesday, April 1st. This is a 50.0% increase from Farmland Partners’s previous quarterly dividend of $0.06.

Farmland Partners has increased its dividend by an average of 0.2%per year over the last three years. Farmland Partners has a payout ratio of 225.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Farmland Partners Price Performance

NYSE FPI opened at $10.86 on Monday. The stock has a market capitalization of $473.69 million, a price-to-earnings ratio of 18.10 and a beta of 0.75. Farmland Partners has a 1-year low of $9.36 and a 1-year high of $13.23. The business’s fifty day moving average price is $11.75 and its 200-day moving average price is $10.73.

Farmland Partners (NYSE:FPI) last issued its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.20 by $0.23. Farmland Partners had a return on equity of 6.67% and a net margin of 60.46%.The company had revenue of $20.72 million during the quarter, compared to analyst estimates of $17.14 million. Farmland Partners has set its FY 2026 guidance at 0.330-0.370 EPS. Equities research analysts anticipate that Farmland Partners will post 0.13 EPS for the current year.

Institutional Trading of Farmland Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Jupiter Asset Management Ltd. bought a new position in shares of Farmland Partners during the 3rd quarter valued at approximately $3,525,000. Marshall Wace LLP boosted its position in shares of Farmland Partners by 181.0% in the fourth quarter. Marshall Wace LLP now owns 443,151 shares of the financial services provider’s stock worth $4,294,000 after purchasing an additional 285,440 shares during the period. Cauble & Harre Wealth Management Inc. bought a new position in shares of Farmland Partners in the fourth quarter worth approximately $2,151,000. Jane Street Group LLC increased its stake in shares of Farmland Partners by 383.9% in the fourth quarter. Jane Street Group LLC now owns 279,739 shares of the financial services provider’s stock worth $2,711,000 after purchasing an additional 221,924 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Farmland Partners by 73.9% in the third quarter. JPMorgan Chase & Co. now owns 509,394 shares of the financial services provider’s stock worth $5,542,000 after purchasing an additional 216,544 shares in the last quarter. Hedge funds and other institutional investors own 58.00% of the company’s stock.

About Farmland Partners

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.