Oppenheimer & Co. Inc. trimmed its stake in Farmland Partners Inc. (NYSE:FPI - Free Report) by 95.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,058 shares of the financial services provider's stock after selling 294,913 shares during the period. Oppenheimer & Co. Inc.'s holdings in Farmland Partners were worth $154,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new stake in Farmland Partners during the 3rd quarter valued at about $105,000. Point72 Asset Management L.P. purchased a new stake in shares of Farmland Partners during the third quarter valued at approximately $111,000. D.A. Davidson & CO. increased its position in shares of Farmland Partners by 11.3% during the third quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider's stock valued at $122,000 after acquiring an additional 1,182 shares in the last quarter. Virtu Financial LLC purchased a new position in Farmland Partners in the 3rd quarter worth approximately $123,000. Finally, BNP Paribas Financial Markets lifted its position in Farmland Partners by 22.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,107 shares of the financial services provider's stock valued at $127,000 after acquiring an additional 2,183 shares in the last quarter. Institutional investors own 58.00% of the company's stock.
Insider Buying and Selling at Farmland Partners
In other news, Director John A. Good acquired 15,000 shares of the firm's stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of $12.23 per share, for a total transaction of $183,450.00. Following the transaction, the director now directly 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.50% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Separately, StockNews.com upgraded Farmland Partners from a "sell" rating to a "hold" rating in a research note on Friday, February 28th.
Read Our Latest Stock Report on FPI
Farmland Partners Stock Down 2.1 %
Shares of NYSE FPI traded down $0.24 during trading on Thursday, reaching $10.71. 309,085 shares of the company traded hands, compared to its average volume of 362,258. The firm has a 50 day simple moving average of $11.64 and a 200-day simple moving average of $11.45. Farmland Partners Inc. has a 52-week low of $9.70 and a 52-week high of $12.87. The stock has a market capitalization of $491.30 million, a PE ratio of 10.71 and a beta of 0.66.
Farmland Partners (NYSE:FPI - Get Free Report) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. The business had revenue of $21.47 million during the quarter, compared to the consensus estimate of $20.29 million. Farmland Partners had a net margin of 102.89% and a return on equity of 11.47%. As a group, research analysts predict that Farmland Partners Inc. will post 0.13 EPS for the current year.
Farmland Partners Announces Dividend
The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Tuesday, April 1st. Farmland Partners's dividend payout ratio (DPR) is presently 24.00%.
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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