Los Angeles Capital Management LLC Reduces Stock Position in Farmland Partners Inc. (NYSE:FPI)

Los Angeles Capital Management LLC decreased its position in Farmland Partners Inc. (NYSE:FPI - Free Report) by 20.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 114,429 shares of the financial services provider's stock after selling 28,970 shares during the period. Los Angeles Capital Management LLC owned about 0.24% of Farmland Partners worth $1,346,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA grew its position 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 acquiring an additional 211,181 shares during the period. State Street Corp boosted its position in Farmland Partners by 1.4% during the third 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 in the last quarter. Geode Capital Management LLC grew its holdings in Farmland Partners by 0.7% in the third 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 during the period. Accordant Advisory Group Inc increased its position 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 buying an additional 80,736 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Farmland Partners by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 370,291 shares of the financial services provider's stock valued at $3,870,000 after buying an additional 19,805 shares in the last quarter. Institutional investors and hedge funds own 58.00% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Farmland Partners from a "sell" rating to a "hold" rating in a research report on Friday.

Insider Activity at Farmland Partners

In other Farmland Partners news, Director John A. Good bought 15,000 shares of the company's stock in a transaction dated Thursday, December 19th. The stock was acquired at an average price of $12.23 per share, with a total value of $183,450.00. Following the completion of the acquisition, the director now directly owns 101,465 shares of the company's stock, valued at $1,240,916.95. This represents a 17.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.30% of the stock is owned by corporate insiders.

Farmland Partners Price Performance

FPI remained flat at $11.64 during midday trading on Tuesday. 271,902 shares of the company's stock traded hands, compared to its average volume of 322,718. The stock has a market cap of $534.21 million, a P/E ratio of 11.66 and a beta of 0.69. The stock's 50-day moving average price is $11.71 and its 200 day moving average price is $11.41. Farmland Partners Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $12.87.

Farmland Partners (NYSE:FPI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.19 earnings per share for the quarter, beating 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 firm had revenue of $21.47 million for the quarter, compared to analyst estimates of $20.29 million. Equities analysts expect that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Tuesday, April 1st. Farmland Partners's payout ratio is 24.00%.

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.