Cubist Systematic Strategies LLC Acquires New Holdings in Farmland Partners Inc. $FPI

Key Points

• Cubist Systematic Strategies LLC acquired 31,929 shares of Farmland Partners Inc. ($FPI) for approximately $356,000, bringing its total ownership to 0.07% as of the latest SEC filing.
• Several other institutional investors significantly increased their stakes in Farmland Partners, with GAMMA Investing LLC expanding its position by 2,102.9% in the first quarter.
• Farmland Partners has recently set a quarterly dividend of $0.06 per share, yielding 2.2%, and reported earnings of $0.03 per share, missing estimates by $0.01.

Cubist Systematic Strategies LLC purchased a new position in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 31,929 shares of the financial services provider's stock, valued at approximately $356,000. Cubist Systematic Strategies LLC owned 0.07% of Farmland Partners as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in FPI. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Farmland Partners by 92.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,985 shares of the financial services provider's stock valued at $424,000 after acquiring an additional 18,207 shares during the period. Millennium Management LLC acquired a new position in shares of Farmland Partners in the 4th quarter valued at $635,000. Global Alpha Capital Management Ltd. increased its holdings in shares of Farmland Partners by 2.3% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 3,465,969 shares of the financial services provider's stock valued at $38,646,000 after acquiring an additional 78,200 shares during the period. Northern Trust Corp increased its stake in Farmland Partners by 8.6% in the fourth 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 period. Finally, Nuveen LLC acquired a new position in Farmland Partners in the first quarter valued at $1,158,000. Institutional investors and hedge funds own 58.00% of the company's stock.

Farmland Partners Stock Down 0.5%

FPI stock traded down $0.06 on Wednesday, reaching $10.92. 386,982 shares of the company's stock were exchanged, compared to its average volume of 271,499. The stock has a fifty day moving average of $10.91 and a 200-day moving average of $10.86. Farmland Partners Inc. has a twelve month low of $9.66 and a twelve month high of $12.87. The firm has a market cap of $490.23 million, a PE ratio of 8.95 and a beta of 0.89.

Farmland Partners (NYSE:FPI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). Farmland Partners had a return on equity of 14.18% and a net margin of 127.59%.The business had revenue of $6.02 million for the quarter, compared to analyst estimates of $9.50 million. Farmland Partners has set its FY 2025 guidance at 0.280-0.340 EPS. On average, equities research analysts predict 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 Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a $0.06 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.2%. Farmland Partners's dividend payout ratio is currently 19.67%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Farmland Partners from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th.

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.