Nisa Investment Advisors LLC raised its stake in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) by 67.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,439 shares of the financial services provider's stock after purchasing an additional 22,774 shares during the period. Nisa Investment Advisors LLC owned 0.12% of Farmland Partners worth $730,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in FPI. GSA Capital Partners LLP purchased a new position in shares of Farmland Partners in the third quarter worth about $105,000. Point72 Asset Management L.P. purchased a new position in shares of Farmland Partners in the third quarter worth about $111,000. D.A. Davidson & CO. lifted its stake in shares of Farmland Partners by 11.3% in the third quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider's stock worth $122,000 after buying an additional 1,182 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Farmland Partners in the third quarter worth about $123,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Farmland Partners by 22.0% in the third quarter. BNP Paribas Financial Markets now owns 12,107 shares of the financial services provider's stock worth $127,000 after buying an additional 2,183 shares in the last quarter. 58.00% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Farmland Partners
In other Farmland Partners news, Director John A. Good acquired 15,000 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average price of $12.23 per share, for a total transaction of $183,450.00. Following the completion of the acquisition, the director now owns 101,465 shares of the company's stock, valued at approximately $1,240,916.95. This trade represents a 17.35 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.30% of the company's stock.
Farmland Partners Trading Down 0.5 %
FPI stock traded down $0.06 during trading on Friday, reaching $11.66. 226,457 shares of the stock were exchanged, compared to its average volume of 233,875. The business has a 50 day moving average price of $11.95 and a 200-day moving average price of $11.22. Farmland Partners Inc. has a 1 year low of $9.70 and a 1 year high of $12.85. The firm has a market capitalization 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 announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.01. Farmland Partners had a net margin of 31.68% and a return on equity of 3.53%. The business had revenue of $13.32 million during the quarter, compared to analysts' expectations of $11.88 million. During the same period last year, the business earned ($0.01) earnings per share. On average, research analysts anticipate that Farmland Partners Inc. will post 0.19 EPS for the current year.
Farmland Partners Increases Dividend
The business also recently declared a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, December 23rd. This is a boost from Farmland Partners's previous dividend of $0.13. Farmland Partners's dividend payout ratio (DPR) is currently 85.71%.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Farmland Partners from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th.
Check Out Our Latest Stock Report on Farmland Partners
Farmland Partners Company Profile
(
Free Report)
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.
Further Reading
Before you consider Farmland Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Farmland Partners wasn't on the list.
While Farmland Partners currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
