Centiva Capital LP Buys Shares of 25,189 Farmland Partners Inc. (NYSE:FPI)

Centiva Capital LP acquired a new stake in Farmland Partners Inc. (NYSE:FPI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 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 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FPI. Steward Partners Investment Advisory LLC boosted its holdings in shares of 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 buying an additional 2,428 shares during the last quarter. Promus Capital LLC bought a new stake in Farmland Partners in the 4th quarter valued at $56,000. KLP Kapitalforvaltning AS bought a new stake in Farmland Partners in the 4th quarter valued at $104,000. Meriwether Wealth & Planning LLC bought a new stake in Farmland Partners in the 4th quarter valued at $119,000. Finally, New York State Common Retirement Fund raised its stake 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 acquiring an additional 5,500 shares during the period. Institutional investors and hedge funds own 58.00% of the company's stock.

Farmland Partners Stock Performance

FPI traded up $0.04 during trading hours on Friday, reaching $10.54. The company's stock had a trading volume of 307,655 shares, compared to its average volume of 350,863. The firm has a market cap of $484.73 million, a PE ratio of 10.54 and a beta of 0.82. The company's 50-day moving average is $10.42 and its 200-day moving average is $11.39. Farmland Partners Inc. has a 52 week low of $9.66 and a 52 week high of $12.87.

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

Farmland Partners Announces Dividend

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

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Farmland Partners from a "sell" rating to a "hold" rating in a research note 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.