Oppenheimer & Co. Inc. Trims Holdings in Farmland Partners Inc. (NYSE:FPI)

Oppenheimer & Co. Inc. lowered its position in Farmland Partners Inc. (NYSE:FPI) by 95.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Farmland Partners by 6.1% in 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 last quarter. State Street Corp raised 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 valued at $11,879,000 after buying an additional 15,638 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Farmland Partners by 0.7% during 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 buying an additional 8,413 shares during the last quarter. Accordant Advisory Group Inc lifted its holdings in shares of Farmland Partners by 9.9% in the 4th 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 during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake 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 worth $3,870,000 after buying an additional 19,805 shares during the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.

Insider Activity at Farmland Partners

In related news, Director John A. Good purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average cost of $12.23 per share, with a total value of $183,450.00. Following the purchase, the director now owns 101,465 shares of the company’s stock, valued at $1,240,916.95. This represents a 17.35 % increase in their position. The acquisition was disclosed in a 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

NYSE:FPI opened at $11.16 on Monday. The company has a 50 day moving average price of $11.69 and a 200-day moving average price of $11.44. Farmland Partners Inc. has a 1-year low of $9.70 and a 1-year high of $12.87. The firm has a market cap of $511.95 million, a price-to-earnings ratio of 11.16 and a beta of 0.66.

Farmland Partners (NYSE:FPI) last released its quarterly earnings data 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 company had revenue of $21.47 million during the quarter, compared to analysts’ expectations of $20.29 million. On average, sell-side analysts anticipate that Farmland Partners Inc. will post 0.13 earnings per share for the current fiscal year.

Farmland Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.06 per share. 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 2.15%. Farmland Partners’s dividend payout ratio (DPR) is 24.00%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Farmland Partners from a “sell” rating to a “hold” rating in a research report on Friday, February 28th.

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.