Farmland Partners Inc. (NYSE:FPI) Shares Sold by AlphaQuest LLC

AlphaQuest LLC trimmed its holdings in Farmland Partners Inc. (NYSE:FPI - Free Report) by 61.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 22,211 shares of the financial services provider's stock after selling 35,774 shares during the quarter. AlphaQuest LLC's holdings in Farmland Partners were worth $261,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FPI. Steward Partners Investment Advisory LLC raised its stake in shares of Farmland Partners by 470.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,944 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 2,428 shares during the last quarter. Promus Capital LLC purchased a new position in shares of Farmland Partners during the 4th quarter worth approximately $56,000. GSA Capital Partners LLP bought a new position in shares of Farmland Partners in the 3rd quarter worth approximately $105,000. Point72 Asset Management L.P. bought a new position in shares of Farmland Partners in the 3rd quarter worth approximately $111,000. Finally, D.A. Davidson & CO. lifted its stake 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 purchasing an additional 1,182 shares during the period. 58.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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Farmland Partners Trading Down 0.6 %

Shares of NYSE:FPI traded down $0.07 during midday trading on Wednesday, reaching $10.99. 204,302 shares of the company were exchanged, compared to its average volume of 357,056. The stock has a market cap of $504.15 million, a PE ratio of 10.99 and a beta of 0.66. The business's fifty day moving average is $11.58 and its two-hundred day moving average is $11.48. Farmland Partners Inc. has a one year low of $9.70 and a one year high of $12.87.

Farmland Partners (NYSE:FPI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, beating 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 business had revenue of $21.47 million during the quarter, compared to analyst estimates of $20.29 million. As a group, 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Tuesday, April 1st. Farmland Partners's dividend payout ratio is currently 24.00%.

Insider Transactions at Farmland Partners

In related news, Director John A. Good acquired 15,000 shares of the stock in a transaction on Thursday, December 19th. The stock was bought at an average cost of $12.23 per share, with a total value of $183,450.00. Following the transaction, the director now directly owns 101,465 shares in the company, valued at approximately $1,240,916.95. This represents a 17.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 8.30% 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.