Massachusetts Financial Services Co. MA Sells 2,905,469 Shares of Farmland Partners Inc. (NYSE:FPI)

Massachusetts Financial Services Co. MA lowered its position in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) by 78.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 819,780 shares of the financial services provider's stock after selling 2,905,469 shares during the period. Massachusetts Financial Services Co. MA owned 1.78% of Farmland Partners worth $9,141,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of FPI. Accordant Advisory Group Inc boosted its position in shares of Farmland Partners by 1.4% during the 1st quarter. Accordant Advisory Group Inc now owns 906,563 shares of the financial services provider's stock valued at $10,108,000 after purchasing an additional 12,851 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Farmland Partners by 0.4% in the fourth quarter. Deutsche Bank AG now owns 874,758 shares of the financial services provider's stock worth $10,287,000 after purchasing an additional 3,501 shares in the last quarter. Northern Trust Corp lifted its position in shares of Farmland Partners by 8.6% in the fourth quarter. Northern Trust Corp now owns 455,094 shares of the financial services provider's stock worth $5,352,000 after purchasing an additional 35,993 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in Farmland Partners during the fourth quarter valued at approximately $4,704,000. Finally, Charles Schwab Investment Management Inc. grew its position in Farmland Partners by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 373,855 shares of the financial services provider's stock worth $4,397,000 after acquiring an additional 3,564 shares in the last quarter. Institutional investors own 58.00% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Farmland Partners from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th.

Farmland Partners Stock Up 0.5%

Farmland Partners stock traded up $0.06 on Wednesday, hitting $11.35. The company's stock had a trading volume of 311,685 shares, compared to its average volume of 377,735. The firm has a market cap of $522.08 million, a P/E ratio of 11.13 and a beta of 0.83. The company has a fifty day moving average price of $11.27 and a 200-day moving average price of $11.11. Farmland Partners Inc. has a one year low of $9.66 and a one year high of $12.87.

Farmland Partners (NYSE:FPI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The financial services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). Farmland Partners had a net margin of 107.24% and a return on equity of 11.95%. Analysts anticipate that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $0.24 annualized dividend and a yield of 2.11%. Farmland Partners's dividend payout ratio (DPR) is 23.53%.

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.