Commonwealth Equity Services LLC Lowers Stock Holdings in Farmland Partners Inc. (NYSE:FPI)

Commonwealth Equity Services LLC reduced its position in Farmland Partners Inc. (NYSE:FPI) by 2.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 40,968 shares of the financial services provider’s stock after selling 1,147 shares during the period. Commonwealth Equity Services LLC owned about 0.09% of Farmland Partners worth $472,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in FPI. Quest Partners LLC purchased a new stake in shares of Farmland Partners during the 4th quarter valued at $416,000. Chesapeake Capital Corp IL purchased a new stake in shares of Farmland Partners during the 4th quarter valued at $148,000. Presima Securities ULC purchased a new stake in shares of Farmland Partners during the 4th quarter valued at $312,000. Annex Advisory Services LLC purchased a new stake in shares of Farmland Partners during the 4th quarter valued at $459,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of Farmland Partners during the 1st quarter valued at $117,000. 58.00% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director John A. Good acquired 24,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were purchased at an average price of $10.15 per share, for a total transaction of $243,600.00. Following the acquisition, the director now directly owns 86,465 shares of the company’s stock, valued at approximately $877,619.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.30% of the stock is currently owned by company insiders.

Farmland Partners Trading Down 0.7 %

Shares of Farmland Partners stock opened at $10.49 on Friday. The company has a fifty day moving average price of $10.45 and a 200 day moving average price of $10.82. Farmland Partners Inc. has a twelve month low of $9.70 and a twelve month high of $13.12. The stock has a market cap of $505.27 million, a price-to-earnings ratio of 20.57 and a beta of 0.71.

Farmland Partners (NYSE:FPI) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). Farmland Partners had a return on equity of 3.97% and a net margin of 36.89%. The business had revenue of $11.45 million for the quarter, compared to analysts’ expectations of $11.84 million. During the same period last year, the company posted ($0.02) earnings per share. Analysts forecast that Farmland Partners Inc. will post 0.18 earnings per share for the current year.

Farmland Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.24 dividend on an annualized basis and a yield of 2.29%. Farmland Partners’s dividend payout ratio (DPR) is 47.06%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a research note on Thursday, July 25th.

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.