Global Alpha Capital Management Ltd. raised its position in Farmland Partners Inc. (NYSE:FPI - Free Report) by 9.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,387,769 shares of the financial services provider's stock after buying an additional 284,000 shares during the quarter. Farmland Partners comprises about 2.9% of Global Alpha Capital Management Ltd.'s holdings, making the stock its 11th largest position. Global Alpha Capital Management Ltd. owned approximately 7.03% of Farmland Partners worth $39,840,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its holdings in Farmland Partners by 6.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,672,919 shares of the financial services provider's stock worth $38,382,000 after acquiring an additional 211,181 shares during the period. State Street Corp grew its stake in shares of Farmland Partners by 1.4% during the 3rd quarter. State Street Corp now owns 1,136,755 shares of the financial services provider's stock worth $11,879,000 after purchasing an additional 15,638 shares during the period. Geode Capital Management LLC increased its holdings in shares of Farmland Partners by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,136,338 shares of the financial services provider's stock valued at $11,877,000 after purchasing an additional 8,413 shares in the last quarter. Accordant Advisory Group Inc lifted its stake in shares of Farmland Partners by 9.9% in the fourth quarter. Accordant Advisory Group Inc now owns 893,712 shares of the financial services provider's stock valued at $10,510,000 after purchasing an additional 80,736 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Farmland Partners by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 373,855 shares of the financial services provider's stock worth $4,397,000 after buying an additional 3,564 shares in the last quarter. Hedge funds and other institutional investors own 58.00% of the company's stock.
Insider Activity
In other news, Director John A. Good purchased 15,000 shares of the stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of $12.23 per share, for a total transaction of $183,450.00. Following the completion of the acquisition, the director now directly owns 101,465 shares in the company, valued at $1,240,916.95. This represents a 17.35 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 9.50% of the company's stock.
Farmland Partners Price Performance
Farmland Partners stock traded down $0.01 during trading hours on Wednesday, hitting $10.91. The stock had a trading volume of 511,370 shares, compared to its average volume of 364,521. The stock has a market capitalization of $500.47 million, a price-to-earnings ratio of 10.91 and a beta of 0.66. Farmland Partners Inc. has a 1-year low of $9.70 and a 1-year high of $12.87. The stock's fifty day moving average is $11.66 and its two-hundred day moving average is $11.45.
Farmland Partners (NYSE:FPI - Get Free Report) last announced its 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. Farmland Partners had a net margin of 102.89% and a return on equity of 11.47%. The company had revenue of $21.47 million during the quarter, compared to analysts' expectations of $20.29 million. As a group, sell-side analysts anticipate that Farmland Partners Inc. will post 0.13 EPS for the current year.
Farmland Partners Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.20%. Farmland Partners's dividend payout ratio (DPR) is 24.00%.
Analyst Ratings Changes
Separately, StockNews.com raised Farmland Partners from a "sell" rating to a "hold" rating in a research note on Friday, February 28th.
Read Our Latest Analysis on Farmland Partners
About Farmland Partners
(
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.
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