Millennium Management LLC bought a new stake in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 53,965 shares of the financial services provider's stock, valued at approximately $635,000. Millennium Management LLC owned 0.11% of Farmland Partners at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Farmland Partners by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,230 shares of the financial services provider's stock valued at $297,000 after acquiring an additional 1,064 shares during the period. Deutsche Bank AG boosted its holdings in Farmland Partners by 0.4% during the 4th quarter. Deutsche Bank AG now owns 874,758 shares of the financial services provider's stock valued at $10,287,000 after acquiring an additional 3,501 shares during the period. Corton Capital Inc. purchased a new position in Farmland Partners during the 4th quarter valued at about $232,000. Cetera Investment Advisers boosted its holdings in Farmland Partners by 9.8% during the 4th quarter. Cetera Investment Advisers now owns 29,217 shares of the financial services provider's stock valued at $344,000 after acquiring an additional 2,603 shares during the period. Finally, Centiva Capital LP purchased a new position in Farmland Partners during the 4th quarter valued at about $296,000. 58.00% of the stock is currently owned by hedge funds and other institutional investors.
Farmland Partners Price Performance
Shares of Farmland Partners stock opened at $11.55 on Friday. The business has a 50-day moving average of $10.44 and a 200 day moving average of $11.28. The stock has a market capitalization of $530.95 million, a price-to-earnings ratio of 11.55 and a beta of 0.84. Farmland Partners Inc. has a 12 month low of $9.66 and a 12 month high of $12.87.
Farmland Partners (NYSE:FPI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $6.97 million during the quarter, compared to analysts' expectations of $9.49 million. Farmland Partners had a net margin of 102.89% and a return on equity of 11.47%. Equities research analysts anticipate that Farmland Partners Inc. will post 0.13 earnings per share for the current year.
Farmland Partners Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Tuesday, July 1st. Farmland Partners's payout ratio is presently 23.53%.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Farmland Partners from a "sell" rating to a "hold" rating in a report on Saturday, May 31st.
Check Out Our Latest Research Report on Farmland Partners
About Farmland Partners
(
Free Report)
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.
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