Parvin Asset Management LLC Buys Shares of 27,100 Farmland Partners Inc. (NYSE:FPI)

Parvin Asset Management LLC acquired a new stake in Farmland Partners Inc. (NYSE:FPI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 27,100 shares of the financial services provider's stock, valued at approximately $319,000. Parvin Asset Management LLC owned about 0.06% of Farmland Partners as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in FPI. JPMorgan Chase & Co. lifted its stake in Farmland Partners by 27.8% in the third quarter. JPMorgan Chase & Co. now owns 125,695 shares of the financial services provider's stock worth $1,314,000 after acquiring an additional 27,373 shares during the period. Nisa Investment Advisors LLC boosted its stake in Farmland Partners by 67.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 56,439 shares of the financial services provider's stock worth $730,000 after purchasing an additional 22,774 shares in the last quarter. Global Alpha Capital Management Ltd. grew its holdings in shares of Farmland Partners by 9.2% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 3,387,769 shares of the financial services provider's stock valued at $39,840,000 after buying an additional 284,000 shares during the last quarter. Barclays PLC increased its holdings in shares of Farmland Partners by 221.7% in the third quarter. Barclays PLC now owns 68,150 shares of the financial services provider's stock valued at $712,000 after purchasing an additional 46,968 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in Farmland Partners during the 4th quarter worth approximately $511,000. Hedge funds and other institutional investors own 58.00% of the company's stock.

Analyst Upgrades and Downgrades

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

Farmland Partners Price Performance

NYSE FPI traded up $0.01 on Monday, hitting $10.39. The company had a trading volume of 158,909 shares, compared to its average volume of 344,135. The company has a market capitalization of $477.61 million, a PE ratio of 10.38 and a beta of 0.78. Farmland Partners Inc. has a 12-month low of $9.66 and a 12-month high of $12.87. The company's fifty day moving average price is $10.64 and its 200-day moving average price is $11.45.

Farmland Partners (NYSE:FPI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $21.47 million during 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%. On average, sell-side analysts anticipate that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Tuesday, April 1st. Farmland Partners's dividend payout ratio (DPR) is currently 24.00%.

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.