21,681 Shares in Farmland Partners Inc. (NYSE:FPI) Acquired by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in Farmland Partners Inc. (NYSE:FPI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 21,681 shares of the financial services provider’s stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meriwether Wealth & Planning LLC purchased a new position in shares of Farmland Partners in the fourth quarter worth about $119,000. Global Alpha Capital Management Ltd. boosted its holdings in shares of Farmland Partners by 9.2% during 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 purchasing an additional 284,000 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Farmland Partners in the fourth quarter valued at approximately $3,490,000. Promus Capital LLC acquired a new stake in shares of Farmland Partners in the fourth quarter valued at approximately $56,000. Finally, Cornerstone Investment Partners LLC purchased a new position in Farmland Partners during the fourth quarter worth approximately $191,000. Hedge funds and other institutional investors own 58.00% of the company’s stock.

Farmland Partners Price Performance

Shares of FPI stock opened at $11.06 on Thursday. The company has a market capitalization of $507.36 million, a PE ratio of 11.06 and a beta of 0.66. The firm’s 50-day moving average is $11.51 and its two-hundred day moving average is $11.51. Farmland Partners Inc. has a 12 month low of $9.70 and a 12 month high of $12.87.

Farmland Partners (NYSE:FPI) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $21.47 million for the quarter, compared to analysts’ expectations of $20.29 million. Farmland Partners had a return on equity of 11.47% and a net margin of 102.89%. Sell-side analysts forecast that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Dividend Announcement

The business 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 $0.06 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.24 annualized dividend and a yield of 2.17%. Farmland Partners’s dividend payout ratio (DPR) is currently 24.00%.

Analysts Set New Price Targets

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

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.