New York State Common Retirement Fund Increases Stake in Farmland Partners Inc. (NYSE:FPI)

New York State Common Retirement Fund increased its position in Farmland Partners Inc. (NYSE:FPI) by 74.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,877 shares of the financial services provider’s stock after purchasing an additional 5,500 shares during the period. New York State Common Retirement Fund’s holdings in Farmland Partners were worth $151,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its position in shares of Farmland Partners by 11.3% in the 3rd quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 1,182 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Farmland Partners by 1.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 96,816 shares of the financial services provider’s stock valued at $1,139,000 after buying an additional 1,356 shares during the last quarter. BCGM Wealth Management LLC boosted its holdings in Farmland Partners by 0.6% in the third quarter. BCGM Wealth Management LLC now owns 261,341 shares of the financial services provider’s stock worth $2,731,000 after acquiring an additional 1,510 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Farmland Partners by 12.0% in the fourth quarter. Park Avenue Securities LLC now owns 14,830 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 1,589 shares during the last quarter. Finally, Capital Square LLC increased its holdings in shares of Farmland Partners by 4.3% during the third quarter. Capital Square LLC now owns 40,125 shares of the financial services provider’s stock valued at $419,000 after acquiring an additional 1,637 shares in the last quarter. Institutional investors own 58.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Farmland Partners Stock Down 1.7 %

NYSE:FPI opened at $11.36 on Thursday. The stock has a market cap of $521.31 million, a price-to-earnings ratio of 11.36 and a beta of 0.69. The company’s 50 day moving average price is $11.71 and its 200-day moving average price is $11.42. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $21.47 million for the quarter, compared to analysts’ expectations of $20.29 million. Farmland Partners had a return on equity of 11.47% and a net margin of 102.89%. As a group, sell-side analysts anticipate that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Announces Dividend

The firm 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 annualized dividend and a dividend yield of 2.11%. Farmland Partners’s dividend payout ratio (DPR) is presently 24.00%.

Insider Buying and Selling

In related news, Director John A. Good acquired 15,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of $12.23 per share, for a total transaction of $183,450.00. Following the completion of the transaction, the director now directly owns 101,465 shares in the company, valued at approximately $1,240,916.95. This trade represents a 17.35 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.30% of the stock is owned by corporate insiders.

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.