Claybrook Capital LLC bought a new stake in Farmland Partners Inc (NYSE:FPI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,670 shares of the financial services provider’s stock, valued at approximately $48,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Intrinsic Edge Capital Management LLC acquired a new stake in Farmland Partners during the 4th quarter worth about $454,000. Geode Capital Management LLC grew its holdings in Farmland Partners by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 398,767 shares of the financial services provider’s stock worth $1,810,000 after acquiring an additional 11,993 shares during the period. Stifel Financial Corp grew its holdings in Farmland Partners by 10.9% during the 4th quarter. Stifel Financial Corp now owns 85,700 shares of the financial services provider’s stock worth $390,000 after acquiring an additional 8,400 shares during the period. Citigroup Inc. grew its holdings in Farmland Partners by 29.5% during the 4th quarter. Citigroup Inc. now owns 11,326 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 2,579 shares during the period. Finally, Global Alpha Capital Management Ltd. grew its holdings in Farmland Partners by 4.6% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 819,144 shares of the financial services provider’s stock worth $3,719,000 after acquiring an additional 35,729 shares during the period. 46.57% of the stock is owned by institutional investors.
A number of analysts have weighed in on the company. Zacks Investment Research downgraded Farmland Partners from a “hold” rating to a “sell” rating in a report on Monday, November 19th. ValuEngine upgraded Farmland Partners from a “sell” rating to a “hold” rating in a report on Monday, February 4th.
Shares of Farmland Partners stock opened at $6.18 on Friday. Farmland Partners Inc has a 1-year low of $4.45 and a 1-year high of $9.19. The stock has a market cap of $192.90 million, a price-to-earnings ratio of 17.17 and a beta of 0.61.
Farmland Partners (NYSE:FPI) last issued its quarterly earnings results on Wednesday, March 13th. The financial services provider reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.13). Farmland Partners had a return on equity of 2.98% and a net margin of 20.85%. The business had revenue of $20.89 million for the quarter, compared to analyst estimates of $23.66 million. Sell-side analysts predict that Farmland Partners Inc will post 0.29 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, March 29th. This represents a $0.20 dividend on an annualized basis and a yield of 3.24%. Farmland Partners’s payout ratio is currently 55.56%.
In related news, Director John A. Good acquired 6,250 shares of the business’s stock in a transaction dated Wednesday, December 26th. The shares were bought at an average price of $4.66 per share, with a total value of $29,125.00. Following the transaction, the director now directly owns 9,050 shares of the company’s stock, valued at $42,173. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Paul A. Pittman acquired 11,000 shares of the business’s stock in a transaction dated Friday, December 21st. The shares were bought at an average cost of $4.82 per share, for a total transaction of $53,020.00. Following the transaction, the chief executive officer now directly owns 1,237,521 shares in the company, valued at $5,964,851.22. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 19,275 shares of company stock valued at $100,221. Company insiders own 10.10% of the company’s stock.
Farmland Partners Profile
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 the date of this release, the Company owns approximately 162,000 acres in 17 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota, Texas and Virginia.
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