27,100 Shares in Farmland Partners Inc. (NYSE:FPI) Bought by Parvin Asset Management LLC

Parvin Asset Management LLC acquired a new position in Farmland Partners Inc. (NYSE:FPI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 27,100 shares of the financial services provider's stock, valued at approximately $319,000. Parvin Asset Management LLC owned approximately 0.06% of Farmland Partners at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FPI. Steward Partners Investment Advisory LLC boosted its holdings in Farmland Partners by 470.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,944 shares of the financial services provider's stock worth $35,000 after acquiring an additional 2,428 shares in the last quarter. Promus Capital LLC acquired a new stake in Farmland Partners in the 4th quarter worth approximately $56,000. KLP Kapitalforvaltning AS purchased a new stake in Farmland Partners during the 4th quarter worth approximately $104,000. Meriwether Wealth & Planning LLC acquired a new position in Farmland Partners during the 4th quarter valued at approximately $119,000. Finally, Virtu Financial LLC purchased a new position in shares of Farmland Partners in the third quarter worth $123,000. 58.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Farmland Partners Stock Up 3.3 %

Shares of NYSE:FPI traded up $0.33 during midday trading on Friday, reaching $10.40. The company's stock had a trading volume of 356,342 shares, compared to its average volume of 345,038. The stock has a fifty day moving average of $10.64 and a 200 day moving average of $11.45. Farmland Partners Inc. has a twelve month low of $9.66 and a twelve month high of $12.87. The firm has a market capitalization of $478.30 million, a PE ratio of 10.40 and a beta of 0.78.

Farmland Partners (NYSE:FPI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. Farmland Partners had a return on equity of 11.47% and a net margin of 102.89%. The company had revenue of $21.47 million for the quarter, compared to the consensus estimate of $20.29 million. 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 company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Tuesday, April 1st. Farmland Partners's payout ratio is currently 24.00%.

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.