Farmland Partners Inc. (NYSE:FPI) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its stake in Farmland Partners Inc. (NYSE:FPI) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,168 shares of the financial services provider’s stock after selling 7,732 shares during the period. Commonwealth Equity Services LLC’s holdings in Farmland Partners were worth $1,166,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its holdings in shares of Farmland Partners by 130.0% during the third quarter. Stifel Financial Corp now owns 111,254 shares of the financial services provider’s stock valued at $1,163,000 after acquiring an additional 62,875 shares during the period. JPMorgan Chase & Co. lifted its position in Farmland Partners by 27.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 125,695 shares of the financial services provider’s stock valued at $1,314,000 after purchasing an additional 27,373 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Farmland Partners by 67.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 56,439 shares of the financial services provider’s stock valued at $730,000 after purchasing an additional 22,774 shares during the period. Charles Schwab Investment Management Inc. grew its position in Farmland Partners by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 370,291 shares of the financial services provider’s stock worth $3,870,000 after purchasing an additional 19,805 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. increased its stake in shares of Farmland Partners by 9.2% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 3,387,769 shares of the financial services provider’s stock valued at $39,840,000 after purchasing an additional 284,000 shares during the period. 58.00% of the stock is owned by institutional investors and hedge funds.

Farmland Partners Price Performance

Shares of NYSE:FPI opened at $11.16 on Tuesday. The stock has a market cap of $513.02 million, a price-to-earnings ratio of 11.16 and a beta of 0.66. Farmland Partners Inc. has a 12 month low of $9.70 and a 12 month high of $12.87. The stock’s 50 day moving average price is $11.47 and its 200 day moving average price is $11.54.

Farmland Partners (NYSE:FPI) last released its 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 for the quarter, compared to the consensus estimate of $20.29 million. Farmland Partners had a net margin of 102.89% and a return on equity of 11.47%. On average, sell-side analysts expect that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Tuesday, April 1st. Farmland Partners’s dividend payout ratio is 24.00%.

Wall Street Analyst Weigh In

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

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 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.