Asset Management One Co. Ltd. Buys 2,121 Shares of Farmland Partners Inc. (NYSE:FPI)

Asset Management One Co. Ltd. lifted its stake in Farmland Partners Inc. (NYSE:FPI) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,605 shares of the financial services provider’s stock after purchasing an additional 2,121 shares during the quarter. Asset Management One Co. Ltd. owned about 0.13% of Farmland Partners worth $747,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Stifel Financial Corp boosted its position in shares of Farmland Partners by 130.0% in the 3rd quarter. Stifel Financial Corp now owns 111,254 shares of the financial services provider’s stock worth $1,163,000 after purchasing an additional 62,875 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Farmland Partners by 27.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 125,695 shares of the financial services provider’s stock worth $1,314,000 after purchasing an additional 27,373 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Farmland Partners by 67.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 56,439 shares of the financial services provider’s stock worth $730,000 after purchasing an additional 22,774 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Farmland Partners by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 370,291 shares of the financial services provider’s stock worth $3,870,000 after purchasing an additional 19,805 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Farmland Partners by 221.7% in 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 in the last quarter. 58.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Farmland Partners from a “hold” rating to a “sell” rating in a report on Thursday.

Farmland Partners Stock Up 7.5 %

Shares of NYSE FPI opened at $12.52 on Friday. Farmland Partners Inc. has a twelve month low of $9.70 and a twelve month high of $12.87. The firm has a market cap of $602.85 million, a P/E ratio of 44.70 and a beta of 0.69. The company has a 50 day moving average of $11.77 and a 200 day moving average of $11.31.

Farmland Partners (NYSE:FPI) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Farmland Partners had a net margin of 31.68% and a return on equity of 3.53%. The company had revenue of $21.47 million during the quarter, compared to analyst estimates of $20.29 million. As a group, equities analysts expect that Farmland Partners Inc. will post 0.19 earnings per share for the current fiscal year.

Farmland Partners Dividend Announcement

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 issued a $0.06 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.24 dividend on an annualized basis and a yield of 1.92%. Farmland Partners’s payout ratio is currently 85.71%.

Insider Buying and Selling

In related news, Director John A. Good bought 15,000 shares of the firm’s stock in a transaction on 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 purchase, the director now owns 101,465 shares in the company, valued at approximately $1,240,916.95. This represents a 17.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.30% of the stock is owned by company insiders.

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.