Accordant Advisory Group Inc Buys 80,736 Shares of Farmland Partners Inc. (NYSE:FPI)

Accordant Advisory Group Inc lifted its holdings in Farmland Partners Inc. (NYSE:FPI - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 893,712 shares of the financial services provider's stock after buying an additional 80,736 shares during the period. Farmland Partners comprises approximately 10.1% of Accordant Advisory Group Inc's portfolio, making the stock its biggest position. Accordant Advisory Group Inc owned about 1.86% of Farmland Partners worth $10,510,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FPI. Massachusetts Financial Services Co. MA boosted its stake in shares of Farmland Partners by 6.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,672,919 shares of the financial services provider's stock valued at $38,382,000 after buying an additional 211,181 shares during the period. Stifel Financial Corp boosted its position in 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 purchasing an additional 62,875 shares during the last quarter. Barclays PLC boosted its position in Farmland Partners by 221.7% during the third quarter. Barclays PLC now owns 68,150 shares of the financial services provider's stock valued at $712,000 after purchasing an additional 46,968 shares during the last quarter. Marshall Wace LLP purchased a new position in Farmland Partners in the second quarter valued at about $363,000. Finally, Annex Advisory Services LLC increased its position in Farmland Partners by 41.1% in the 4th quarter. Annex Advisory Services LLC now owns 100,933 shares of the financial services provider's stock worth $1,187,000 after purchasing an additional 29,424 shares during the last quarter. 58.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Farmland Partners from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th.

Insider Buying and Selling

In other news, Director John A. Good bought 15,000 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The shares were purchased 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. The trade was a 17.35 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 8.30% of the company's stock.

Farmland Partners Stock Down 0.5 %

Shares of FPI traded down $0.06 during mid-day trading on Friday, hitting $11.66. 226,457 shares of the company's stock were exchanged, compared to its average volume of 233,875. Farmland Partners Inc. has a twelve month low of $9.70 and a twelve month high of $12.85. The firm has a fifty day moving average of $11.95 and a two-hundred day moving average of $11.22. The stock has a market cap of $561.46 million, a price-to-earnings ratio of 41.63 and a beta of 0.70.

Farmland Partners (NYSE:FPI - Get Free Report) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $13.32 million for the quarter, compared to analyst estimates of $11.88 million. Farmland Partners had a return on equity of 3.53% and a net margin of 31.68%. During the same period last year, the company earned ($0.01) earnings per share. On average, equities analysts predict that Farmland Partners Inc. will post 0.19 earnings per share for the current year.

Farmland Partners Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were paid a $1.15 dividend. This is an increase from Farmland Partners's previous dividend of $0.13. The ex-dividend date was Monday, December 23rd. Farmland Partners's dividend payout ratio (DPR) is presently 85.71%.

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.