Comprehensive Money Management Services LLC Takes Position in Farmland Partners Inc. (NYSE:FPI)

Comprehensive Money Management Services LLC purchased a new position in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 42,214 shares of the financial services provider's stock, valued at approximately $496,000. Comprehensive Money Management Services LLC owned 0.09% of Farmland Partners at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its holdings 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 buying an additional 22,774 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its holdings in Farmland Partners by 9.2% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 3,387,769 shares of the financial services provider's stock worth $39,840,000 after buying an additional 284,000 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Farmland Partners in the 4th quarter worth $511,000. JPMorgan Chase & Co. lifted its holdings in Farmland Partners by 93.4% in the 4th quarter. JPMorgan Chase & Co. now owns 243,045 shares of the financial services provider's stock worth $2,858,000 after buying an additional 117,350 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Farmland Partners by 2.8% in the 4th quarter. Rhumbline Advisers now owns 79,766 shares of the financial services provider's stock worth $938,000 after buying an additional 2,135 shares in the last quarter. 58.00% of the stock is owned by hedge funds and other institutional investors.

Farmland Partners Stock Performance

Shares of Farmland Partners stock traded up $0.10 during trading on Friday, reaching $11.32. The company had a trading volume of 632,332 shares, compared to its average volume of 356,926. The company has a market cap of $520.61 million, a price-to-earnings ratio of 11.32 and a beta of 0.82. Farmland Partners Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $12.87. The firm's fifty day moving average is $10.41 and its 200-day moving average is $11.32.

Farmland Partners (NYSE:FPI - Get Free Report) last posted 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 return on equity of 11.47% and a net margin of 102.89%. The firm had revenue of $6.97 million during the quarter, compared to the consensus estimate of $9.49 million. On average, research analysts anticipate that Farmland Partners Inc. will post 0.13 EPS for the current fiscal year.

Farmland Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Tuesday, July 1st. Farmland Partners's dividend payout ratio (DPR) is 23.53%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Farmland Partners from a "sell" rating to a "hold" rating in a report on Saturday.

Farmland Partners 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.