Westwood Holdings Group Inc. Invests $4.70 Million in Farmland Partners Inc. (NYSE:FPI)

Westwood Holdings Group Inc. purchased a new stake in Farmland Partners Inc. (NYSE:FPI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 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 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Steward Partners Investment Advisory LLC raised its holdings in shares of 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 valued at $35,000 after buying an additional 2,428 shares during the last quarter. Promus Capital LLC acquired a new stake in Farmland Partners in the fourth quarter valued at about $56,000. KLP Kapitalforvaltning AS acquired a new stake in Farmland Partners in the fourth quarter valued at about $104,000. Meriwether Wealth & Planning LLC purchased a new stake in Farmland Partners in the 4th quarter valued at approximately $119,000. Finally, ProShare Advisors LLC acquired a new position in Farmland Partners during the 4th quarter worth approximately $146,000. Institutional investors and hedge funds own 58.00% of the company's stock.

Wall Street Analyst Weigh In

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

Farmland Partners Price Performance

Shares of NYSE FPI traded down $0.05 during trading on Friday, hitting $10.76. 358,562 shares of the company were exchanged, compared to its average volume of 352,176. Farmland Partners Inc. has a 1 year low of $9.66 and a 1 year high of $12.87. The company has a market cap of $494.71 million, a price-to-earnings ratio of 10.76 and a beta of 0.82. The firm's fifty day moving average price is $10.39 and its 200 day moving average price is $11.35.

Farmland Partners (NYSE:FPI - Get Free Report) last issued its earnings results 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 company had revenue of $6.97 million for the quarter, compared to analyst estimates of $9.49 million. On average, research analysts forecast that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.24 annualized dividend and a yield of 2.23%. Farmland Partners's dividend payout ratio is presently 23.53%.

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.