Cherry Tree Wealth Management LLC Has $282,000 Stock Position in Farmland Partners Inc. (NYSE:FPI)

Cherry Tree Wealth Management LLC reduced its position in Farmland Partners Inc. (NYSE:FPI) by 17.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,000 shares of the financial services provider’s stock after selling 5,000 shares during the quarter. Cherry Tree Wealth Management LLC’s holdings in Farmland Partners were worth $282,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. BCGM Wealth Management LLC boosted its stake in shares of Farmland Partners by 0.4% in the 4th quarter. BCGM Wealth Management LLC now owns 262,358 shares of the financial services provider’s stock valued at $3,085,000 after purchasing an additional 1,017 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Farmland Partners by 74.6% in the 4th quarter. New York State Common Retirement Fund now owns 12,877 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 5,500 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Farmland Partners by 2.8% in the 4th quarter. Rhumbline Advisers now owns 79,766 shares of the financial services provider’s stock valued at $938,000 after purchasing an additional 2,135 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Farmland Partners by 3.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 64,605 shares of the financial services provider’s stock valued at $747,000 after purchasing an additional 2,121 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Farmland Partners in the 4th quarter valued at $511,000. 58.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Farmland Partners from a “hold” rating to a “sell” rating in a research note on Thursday.

Insiders Place Their Bets

In related news, Director John A. Good purchased 15,000 shares of Farmland Partners stock in a transaction on Thursday, December 19th. The stock was acquired at an average cost of $12.23 per share, for a total transaction of $183,450.00. Following the completion of the acquisition, the director now owns 101,465 shares of the company’s stock, valued at $1,240,916.95. This trade represents a 17.35 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 8.30% of the company’s stock.

Farmland Partners Stock Performance

NYSE:FPI opened at $12.41 on Monday. The firm has a market cap of $597.59 million, a P/E ratio of 12.41 and a beta of 0.69. Farmland Partners Inc. has a 52 week low of $9.70 and a 52 week high of $12.87. The firm’s fifty day moving average is $11.77 and its 200-day moving average is $11.34.

Farmland Partners (NYSE:FPI) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $21.47 million during the quarter, compared to analysts’ expectations of $20.29 million. Farmland Partners had a net margin of 102.89% and a return on equity of 11.47%. As a group, sell-side analysts anticipate that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Tuesday, April 1st. Farmland Partners’s payout ratio is 24.00%.

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 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.