Centiva Capital LP Makes New Investment in Farmland Partners Inc. (NYSE:FPI)

Centiva Capital LP bought a new position in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 25,189 shares of the financial services provider's stock, valued at approximately $296,000. Centiva Capital LP owned about 0.05% of Farmland Partners as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Steward Partners Investment Advisory LLC boosted its stake in Farmland Partners by 470.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,944 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 2,428 shares during the period. Promus Capital LLC bought a new position in Farmland Partners during the fourth quarter worth about $56,000. KLP Kapitalforvaltning AS acquired a new stake in Farmland Partners in the 4th quarter worth about $104,000. Meriwether Wealth & Planning LLC bought a new stake in Farmland Partners in the 4th quarter valued at about $119,000. Finally, New York State Common Retirement Fund boosted its holdings in Farmland Partners by 74.6% in the 4th quarter. New York State Common Retirement Fund now owns 12,877 shares of the financial services provider's stock valued at $151,000 after purchasing an additional 5,500 shares during the period. Institutional investors own 58.00% of the company's stock.

Farmland Partners Stock Performance

Shares of NYSE FPI traded up $0.04 during mid-day trading on Friday, reaching $10.54. The company had a trading volume of 307,655 shares, compared to its average volume of 350,212. The firm has a market cap of $484.73 million, a price-to-earnings ratio of 10.54 and a beta of 0.82. The business's 50-day simple moving average is $10.43 and its 200 day simple moving average is $11.40. Farmland Partners Inc. has a one year low of $9.66 and a one year high of $12.87.

Farmland Partners (NYSE:FPI - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Farmland Partners had a net margin of 102.89% and a return on equity of 11.47%. The firm had revenue of $6.97 million during the quarter, compared to the consensus estimate of $9.49 million. On average, sell-side analysts anticipate that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, July 1st. This represents a $0.24 annualized dividend and a yield of 2.28%. Farmland Partners's dividend payout ratio is currently 23.53%.

Analyst Upgrades and Downgrades

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

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.