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

Cauble & Harre Wealth Management Inc. acquired a new stake in Farmland Partners Inc. (NYSE:FPI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 189,729 shares of the financial services provider’s stock, valued at approximately $1,837,000. Farmland Partners accounts for 1.5% of Cauble & Harre Wealth Management Inc.’s investment portfolio, making the stock its 13th largest holding. Cauble & Harre Wealth Management Inc. owned approximately 0.43% of Farmland Partners as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Strengthening Families & Communities LLC purchased a new position in Farmland Partners in the fourth quarter valued at about $27,000. Advisory Services Network LLC purchased a new stake in shares of Farmland Partners during the 3rd quarter worth approximately $29,000. Pinnacle Holdings LLC acquired a new stake in shares of Farmland Partners in the 4th quarter worth approximately $31,000. Tower Research Capital LLC TRC grew its holdings in shares of Farmland Partners by 218.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 2,886 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its stake in Farmland Partners by 118.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 5,377 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 2,912 shares in the last quarter. Hedge funds and other institutional investors own 58.00% of the company’s stock.

Farmland Partners Price Performance

FPI stock opened at $10.17 on Friday. The company’s 50 day simple moving average is $9.72 and its 200-day simple moving average is $10.77. Farmland Partners Inc. has a 12 month low of $9.21 and a 12 month high of $13.23. The firm has a market capitalization of $443.73 million, a PE ratio of 19.94 and a beta of 0.67.

Farmland Partners (NYSE:FPI) last issued its quarterly earnings data 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 return on equity of 5.54% and a net margin of 49.85%.The firm had revenue of $9.40 million during 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. As a group, sell-side analysts anticipate that Farmland Partners Inc. will post 0.26 earnings per share for the current year.

Farmland Partners Dividend Announcement

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 given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.36 annualized dividend and a yield of 3.5%. Farmland Partners’s dividend payout ratio (DPR) is presently 70.59%.

Analysts Set New Price Targets

Several brokerages recently issued reports on FPI. Zacks Research cut Farmland Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Weiss Ratings raised Farmland Partners from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Farmland Partners Company 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.