Westwood Holdings Group Inc. bought a new position in Farmland Partners Inc. (NYSE:FPI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 400,000 shares of the financial services provider's stock, valued at approximately $4,704,000. Westwood Holdings Group Inc. owned about 0.83% of Farmland Partners as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in FPI. Massachusetts Financial Services Co. MA grew its holdings in Farmland Partners by 1.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,725,249 shares of the financial services provider's stock worth $43,809,000 after acquiring an additional 52,330 shares during the last quarter. Global Alpha Capital Management Ltd. grew its stake in shares of Farmland Partners by 9.2% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 3,387,769 shares of the financial services provider's stock worth $39,840,000 after purchasing an additional 284,000 shares during the last quarter. Accordant Advisory Group Inc grew its stake in shares of Farmland Partners by 9.9% in the fourth quarter. Accordant Advisory Group Inc now owns 893,712 shares of the financial services provider's stock worth $10,510,000 after purchasing an additional 80,736 shares during the last quarter. Deutsche Bank AG increased its holdings in Farmland Partners by 0.4% during the 4th quarter. Deutsche Bank AG now owns 874,758 shares of the financial services provider's stock valued at $10,287,000 after purchasing an additional 3,501 shares during the period. Finally, Northern Trust Corp raised its position in Farmland Partners by 8.6% during the 4th quarter. Northern Trust Corp now owns 455,094 shares of the financial services provider's stock valued at $5,352,000 after purchasing an additional 35,993 shares during the last quarter. 58.00% of the stock is owned by hedge funds and other institutional investors.
Farmland Partners Price Performance
NYSE:FPI traded down $0.05 during trading hours on Monday, hitting $10.76. The company had a trading volume of 358,562 shares, compared to its average volume of 352,835. The stock has a 50-day moving average price of $10.39 and a 200 day moving average price of $11.34. The company has a market capitalization of $494.71 million, a PE ratio of 10.76 and a beta of 0.82. 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 announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Farmland Partners had a net margin of 102.89% and a return on equity of 11.47%. The company had revenue of $6.97 million for the quarter, compared to the consensus estimate of $9.49 million. Analysts anticipate that Farmland Partners Inc. will post 0.13 EPS for the current fiscal year.
Farmland Partners Dividend Announcement
The company 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 dividend of $0.06 per share. The ex-dividend date is Tuesday, July 1st. This represents a $0.24 annualized dividend and a dividend yield of 2.23%. Farmland Partners's dividend payout ratio is presently 23.53%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Farmland Partners from a "sell" rating to a "hold" rating in a research report on Friday, February 28th.
Read Our Latest Analysis on Farmland Partners
About Farmland Partners
(
Free Report)
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.
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