Massachusetts Financial Services Co. MA Boosts Stock Position in Farmland Partners Inc. (NYSE:FPI)

Massachusetts Financial Services Co. MA lifted its stake in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,725,249 shares of the financial services provider's stock after purchasing an additional 52,330 shares during the quarter. Massachusetts Financial Services Co. MA owned about 7.73% of Farmland Partners worth $43,809,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FPI. BCGM Wealth Management LLC increased its stake in Farmland Partners by 0.4% during the 4th quarter. BCGM Wealth Management LLC now owns 262,358 shares of the financial services provider's stock valued at $3,085,000 after purchasing an additional 1,017 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Farmland Partners by 1.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 96,816 shares of the financial services provider's stock worth $1,139,000 after buying an additional 1,356 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Farmland Partners by 12.0% in the fourth quarter. Park Avenue Securities LLC now owns 14,830 shares of the financial services provider's stock valued at $174,000 after acquiring an additional 1,589 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Farmland Partners by 3.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 64,605 shares of the financial services provider's stock worth $747,000 after purchasing an additional 2,121 shares during the period. Finally, Rhumbline Advisers raised its stake in Farmland Partners by 2.8% in the 4th quarter. Rhumbline Advisers now owns 79,766 shares of the financial services provider's stock valued at $938,000 after acquiring an additional 2,135 shares during the period. 58.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Farmland Partners from a "sell" rating to a "hold" rating in a report on Friday, February 28th.

Farmland Partners Stock Performance

Shares of NYSE FPI traded down $0.39 during trading hours on Thursday, hitting $9.87. The company's stock had a trading volume of 96,980 shares, compared to its average volume of 337,372. The business has a 50-day simple moving average of $11.26 and a 200-day simple moving average of $11.52. The stock has a market cap of $453.83 million, a price-to-earnings ratio of 9.88 and a beta of 0.78. Farmland Partners Inc. has a 12 month low of $9.70 and a 12 month high of $12.87.

Farmland Partners (NYSE:FPI - Get Free Report) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The company had revenue of $21.47 million during the quarter, compared to the consensus estimate of $20.29 million. Farmland Partners had a return on equity of 11.47% and a net margin of 102.89%. On average, equities research analysts forecast that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Tuesday, April 1st. Farmland Partners's payout ratio is 24.00%.

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.