Farmland Partners Inc. (NYSE:FPI) Shares Purchased by Global Alpha Capital Management Ltd.

Key Points

• Global Alpha Capital Management Ltd. increased its stake in Farmland Partners Inc. by 2.3%, owning approximately 3.47 million shares and making it the firm's 14th largest position.
• Farmland Partners recently announced a quarterly dividend of $0.06 per share, with an annualized dividend yield of 2.2%.
• After missing quarterly earnings expectations, Farmland Partners reported earnings per share of $0.03, while revenue fell short at $6.02 million versus an expected $9.50 million.

Global Alpha Capital Management Ltd. lifted its position in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,465,969 shares of the financial services provider's stock after acquiring an additional 78,200 shares during the period. Farmland Partners comprises approximately 2.8% of Global Alpha Capital Management Ltd.'s holdings, making the stock its 14th largest holding. Global Alpha Capital Management Ltd. owned about 7.54% of Farmland Partners worth $38,646,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Farmland Partners by 2,102.9% during the 1st quarter. GAMMA Investing LLC now owns 9,076 shares of the financial services provider's stock worth $101,000 after buying an additional 8,664 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Farmland Partners during the fourth quarter worth about $104,000. New Age Alpha Advisors LLC bought a new stake in Farmland Partners during the first quarter worth about $109,000. LaSalle St. Investment Advisors LLC bought a new stake in Farmland Partners in the first quarter valued at approximately $140,000. Finally, ProShare Advisors LLC acquired a new position in shares of Farmland Partners in the fourth quarter valued at approximately $146,000. Institutional investors own 58.00% of the company's stock.

Farmland Partners Price Performance

Shares of FPI traded down $0.18 during trading hours on Monday, hitting $10.73. The stock had a trading volume of 326,128 shares, compared to its average volume of 476,369. The firm has a market capitalization of $482.06 million, a P/E ratio of 8.80 and a beta of 0.84. Farmland Partners Inc. has a 1-year low of $9.66 and a 1-year high of $12.87. The firm has a 50 day simple moving average of $11.24 and a 200-day simple moving average of $11.02.

Farmland Partners (NYSE:FPI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). Farmland Partners had a net margin of 127.59% and a return on equity of 14.18%. The business had revenue of $6.02 million for the quarter, compared to the consensus estimate of $9.50 million. Equities analysts predict that Farmland Partners Inc. will post 0.13 EPS for the current fiscal year.

Farmland Partners Announces Dividend

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 paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.2%. Farmland Partners's payout ratio is currently 19.67%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Farmland Partners from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th.

About Farmland Partners

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.