31,498 Shares in Farmland Partners Inc. (NYSE:FPI) Purchased by Marshall Wace LLP

Marshall Wace LLP acquired a new position in Farmland Partners Inc. (NYSE:FPI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 31,498 shares of the financial services provider’s stock, valued at approximately $363,000. Marshall Wace LLP owned approximately 0.07% of Farmland Partners as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FPI. Massachusetts Financial Services Co. MA boosted its holdings in shares of Farmland Partners by 6.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,461,738 shares of the financial services provider’s stock worth $39,914,000 after buying an additional 202,264 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Farmland Partners during the 2nd quarter valued at approximately $1,853,000. Price T Rowe Associates Inc. MD increased its stake in shares of Farmland Partners by 11.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,855 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,286 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Farmland Partners in the 1st quarter worth approximately $196,000. Finally, Park Avenue Securities LLC purchased a new position in Farmland Partners in the first quarter valued at approximately $117,000. Hedge funds and other institutional investors own 58.00% of the company’s stock.

Insider Activity

In other Farmland Partners news, Director John A. Good acquired 24,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of $10.15 per share, with a total value of $243,600.00. Following the completion of the purchase, the director now owns 86,465 shares of the company’s stock, valued at approximately $877,619.75. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 8.30% of the company’s stock.

Wall Street Analyst Weigh In

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

Farmland Partners Price Performance

Farmland Partners stock opened at $10.61 on Friday. The firm has a market capitalization of $511.05 million, a P/E ratio of 20.80 and a beta of 0.70. Farmland Partners Inc. has a one year low of $9.70 and a one year high of $13.12. The business has a fifty day moving average price of $10.28 and a 200-day moving average price of $10.79.

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 the consensus estimate of $0.01 by ($0.07). Farmland Partners had a net margin of 36.89% and a return on equity of 3.97%. The company had revenue of $11.45 million for the quarter, compared to the consensus estimate of $11.84 million. During the same quarter in the prior year, the company earned ($0.02) earnings per share. Sell-side analysts expect that Farmland Partners Inc. will post 0.18 earnings per share for the current fiscal year.

Farmland Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.26%. The ex-dividend date is Tuesday, October 1st. Farmland Partners’s payout ratio is 47.06%.

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.