296,800 Shares in Farmland Partners Inc. (NYSE:FPI) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of Farmland Partners Inc. (NYSE:FPI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 296,800 shares of the financial services provider’s stock, valued at approximately $3,490,000. Raymond James Financial Inc. owned approximately 0.62% of Farmland Partners as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. State Street Corp raised its position 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 worth $11,879,000 after purchasing an additional 15,638 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Farmland Partners by 0.7% during 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 acquiring an additional 8,413 shares during the last quarter. Accordant Advisory Group Inc lifted 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 acquiring an additional 80,736 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Farmland Partners by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 373,855 shares of the financial services provider’s stock worth $4,397,000 after acquiring an additional 3,564 shares during the last quarter. Finally, BCGM Wealth Management LLC boosted its stake in shares of Farmland Partners by 0.4% in the fourth quarter. BCGM Wealth Management LLC now owns 262,358 shares of the financial services provider’s stock worth $3,085,000 after acquiring an additional 1,017 shares during the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Farmland Partners Stock Up 0.8 %

Shares of NYSE FPI opened at $11.15 on Friday. The firm has a 50-day simple moving average of $11.49 and a 200-day simple moving average of $11.51. The stock has a market capitalization of $512.97 million, a price-to-earnings ratio of 11.15 and a beta of 0.66. Farmland Partners Inc. has a 52 week low of $9.70 and a 52 week high of $12.87.

Farmland Partners (NYSE:FPI) last released its quarterly earnings data 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. 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 the consensus estimate of $20.29 million. As a group, equities research analysts expect that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Dividend Announcement

The business 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. The ex-dividend date is Tuesday, April 1st. This represents a $0.24 dividend on an annualized basis and a yield of 2.15%. Farmland Partners’s payout ratio is 24.00%.

Farmland Partners 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.