Parvin Asset Management LLC Buys New Holdings in Farmland Partners Inc. (NYSE:FPI)

Parvin Asset Management LLC acquired a new position in Farmland Partners Inc. (NYSE:FPI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 27,100 shares of the financial services provider’s stock, valued at approximately $319,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Massachusetts Financial Services Co. MA lifted its holdings in Farmland Partners by 1.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,725,249 shares of the financial services provider’s stock worth $43,809,000 after buying an additional 52,330 shares during the period. Global Alpha Capital Management Ltd. lifted its holdings in Farmland Partners by 9.2% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 3,387,769 shares of the financial services provider’s stock worth $39,840,000 after buying an additional 284,000 shares during the period. Geode Capital Management LLC lifted its holdings in Farmland Partners by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,136,338 shares of the financial services provider’s stock worth $11,877,000 after buying an additional 8,413 shares during the period. Accordant Advisory Group Inc raised its position in shares of Farmland Partners by 9.9% in the 4th quarter. Accordant Advisory Group Inc now owns 893,712 shares of the financial services provider’s stock worth $10,510,000 after acquiring an additional 80,736 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Farmland Partners by 8.6% in the 4th quarter. Northern Trust Corp now owns 455,094 shares of the financial services provider’s stock worth $5,352,000 after acquiring an additional 35,993 shares in the last quarter. Hedge funds and other institutional investors own 58.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Farmland Partners from a “sell” rating to a “hold” rating in a research report on Friday, February 28th.

Farmland Partners Stock Performance

Shares of NYSE:FPI opened at $10.05 on Wednesday. Farmland Partners Inc. has a 52-week low of $9.66 and a 52-week high of $12.87. The firm has a market capitalization of $462.38 million, a P/E ratio of 10.05 and a beta of 0.78. The stock has a 50 day moving average price of $10.75 and a 200-day moving average price of $11.46.

Farmland Partners (NYSE:FPI) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. Farmland Partners had a return on equity of 11.47% and a net margin of 102.89%. The firm had revenue of $21.47 million during the quarter, compared to analyst estimates of $20.29 million. On average, equities analysts forecast that Farmland Partners Inc. will post 0.13 EPS for the current fiscal year.

Farmland Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a $0.06 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.39%. Farmland Partners’s dividend payout ratio is currently 24.00%.

Farmland Partners Company 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 December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.