Two Sigma Advisers LP acquired a new stake in shares of Farmland Partners Inc (NYSE:FPI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 13,600 shares of the financial services provider’s stock, valued at approximately $62,000.
Several other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Farmland Partners by 1,267.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 121,587 shares of the financial services provider’s stock worth $814,000 after purchasing an additional 112,697 shares during the period. Taylor Frigon Capital Management LLC raised its position in Farmland Partners by 28.6% in the 4th quarter. Taylor Frigon Capital Management LLC now owns 187,224 shares of the financial services provider’s stock worth $850,000 after purchasing an additional 41,626 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in Farmland Partners in the 4th quarter worth $184,000. Vanguard Group Inc. raised its position in Farmland Partners by 7.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,253,190 shares of the financial services provider’s stock worth $21,797,000 after purchasing an additional 215,781 shares during the period. Finally, BlackRock Inc. raised its position in Farmland Partners by 0.5% in the 3rd quarter. BlackRock Inc. now owns 2,096,289 shares of the financial services provider’s stock worth $14,045,000 after purchasing an additional 10,175 shares during the period. Hedge funds and other institutional investors own 45.49% of the company’s stock.
FPI has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. ValuEngine upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a research report on Monday, February 4th.
Shares of NYSE:FPI opened at $6.42 on Monday. The firm has a market capitalization of $204.79 million, a P/E ratio of 26.75 and a beta of 0.65. Farmland Partners Inc has a 52 week low of $4.45 and a 52 week high of $9.19.
Farmland Partners (NYSE:FPI) last announced its quarterly earnings results on Wednesday, March 13th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). The firm had revenue of $20.89 million during the quarter, compared to the consensus estimate of $23.66 million. Farmland Partners had a return on equity of 3.52% and a net margin of 21.83%. As a group, analysts forecast that Farmland Partners Inc will post 0.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Friday, March 29th. Farmland Partners’s dividend payout ratio (DPR) is presently 83.33%.
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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 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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