Global Alpha Capital Management Ltd. Buys 78,200 Shares of Farmland Partners Inc. (NYSE:FPI)

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. boosted its stake in Farmland Partners Inc. (NYSE:FPI - Free Report) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,465,969 shares of the financial services provider's stock after acquiring an additional 78,200 shares during the period. Farmland Partners accounts for 2.8% of Global Alpha Capital Management Ltd.'s investment portfolio, making the stock its 14th largest holding. Global Alpha Capital Management Ltd. owned about 7.54% of Farmland Partners worth $38,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in FPI. GAMMA Investing LLC raised its position in shares of Farmland Partners by 2,102.9% during the first quarter. GAMMA Investing LLC now owns 9,076 shares of the financial services provider's stock worth $101,000 after purchasing 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 approximately $104,000. New Age Alpha Advisors LLC purchased a new stake in Farmland Partners in the 1st quarter valued at $109,000. LaSalle St. Investment Advisors LLC purchased a new stake in Farmland Partners in the 1st quarter valued at $140,000. Finally, ProShare Advisors LLC purchased a new stake in Farmland Partners in the 4th quarter valued at $146,000. 58.00% of the stock is owned by institutional investors and hedge funds.

Farmland Partners Stock Up 0.8%

NYSE FPI traded up $0.09 on Wednesday, reaching $10.86. The company had a trading volume of 135,277 shares, compared to its average volume of 403,594. The stock has a market capitalization of $487.50 million, a P/E ratio of 8.90 and a beta of 0.84. The company's fifty day moving average is $11.23 and its 200 day moving average is $11.02. 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 quarterly earnings data 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). The business had revenue of $6.02 million during the quarter, compared to the consensus estimate of $9.50 million. Farmland Partners had a net margin of 127.59% and a return on equity of 14.18%. On average, research analysts expect that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, October 1st. This represents a $0.24 annualized dividend and a dividend yield of 2.2%. Farmland Partners's dividend payout ratio is presently 19.67%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Farmland Partners from a "sell" rating to a "hold" rating in a research report 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.