Farmland Partners (NYSE:FPI) Sees Large Volume Increase – Here’s What Happened

Shares of Farmland Partners Inc. (NYSE:FPI) saw an uptick in trading volume on Monday . 338,754 shares changed hands during mid-day trading, an increase of 36% from the previous session’s volume of 249,488 shares.The stock last traded at $12.08 and had previously closed at $12.43.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Farmland Partners from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th.

Farmland Partners Trading Down 1.7 %

The firm has a market capitalization of $554.47 million, a P/E ratio of 11.51 and a beta of 0.69. The firm has a 50 day moving average price of $11.74 and a 200-day moving average price of $11.36.

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

Farmland Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Tuesday, April 1st. Farmland Partners’s payout ratio is currently 24.00%.

Insider Buying and Selling at Farmland Partners

In related news, Director John A. Good acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average price of $12.23 per share, for a total transaction of $183,450.00. Following the acquisition, the director now directly owns 101,465 shares of the company’s stock, valued at $1,240,916.95. This represents a 17.35 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Farmland Partners

Several institutional investors have recently made changes to their positions in the company. BCGM Wealth Management LLC increased its holdings in Farmland Partners by 0.4% during the fourth quarter. BCGM Wealth Management LLC now owns 262,358 shares of the financial services provider’s stock valued at $3,085,000 after buying an additional 1,017 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Farmland Partners by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,230 shares of the financial services provider’s stock valued at $297,000 after acquiring an additional 1,064 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Farmland Partners by 11.3% in the 3rd quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 1,182 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Farmland Partners by 3.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 41,390 shares of the financial services provider’s stock worth $487,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Farmland Partners by 1.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 96,816 shares of the financial services provider’s stock worth $1,139,000 after purchasing an additional 1,356 shares during the last quarter. Hedge funds and other institutional investors own 58.00% of the company’s stock.

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.