Farmland Partners (NYSE:FPI) Sees Unusually-High Trading Volume - Should You Buy?

Farmland Partners Inc. (NYSE:FPI - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 338,754 shares were traded during mid-day trading, an increase of 36% from the previous session's volume of 249,488 shares.The stock last traded at $12.08 and had previously closed at $12.43.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Farmland Partners from a "hold" rating to a "sell" rating in a report on Thursday, February 20th.

Farmland Partners Stock Up 0.7 %

The stock has a market capitalization of $531.68 million, a PE ratio of 11.58 and a beta of 0.69. The firm has a 50 day moving average price of $11.73 and a 200-day moving average price of $11.36.

Farmland Partners (NYSE:FPI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. The company had revenue of $21.47 million during the quarter, compared to analyst estimates of $20.29 million. Farmland Partners had a net margin of 102.89% and a return on equity of 11.47%. Equities analysts expect that Farmland Partners Inc. will post 0.13 earnings per share for the current fiscal year.

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Farmland Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, April 1st. Farmland Partners's payout ratio is 24.00%.

Insiders Place Their Bets

In related news, Director John A. Good acquired 15,000 shares of the stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of $12.23 per share, for a total transaction of $183,450.00. Following the transaction, the director now owns 101,465 shares in the company, valued at approximately $1,240,916.95. This trade represents a 17.35 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Farmland Partners

Large investors have recently made changes to their positions in the company. Stifel Financial Corp increased its holdings in Farmland Partners by 130.0% in the third quarter. Stifel Financial Corp now owns 111,254 shares of the financial services provider's stock valued at $1,163,000 after buying an additional 62,875 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Farmland Partners by 27.8% in the third 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 period. Nisa Investment Advisors LLC increased its position in shares of Farmland Partners by 67.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 56,439 shares of the financial services provider's stock valued at $730,000 after buying an additional 22,774 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Farmland Partners by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 370,291 shares of the financial services provider's stock worth $3,870,000 after acquiring an additional 19,805 shares during the period. Finally, Barclays PLC raised its position in shares of Farmland Partners by 221.7% during the 3rd quarter. Barclays PLC now owns 68,150 shares of the financial services provider's stock worth $712,000 after purchasing an additional 46,968 shares during the last quarter. 58.00% of the stock is currently owned by institutional investors and hedge funds.

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.