Farmland Partners Inc. (NYSE:FPI) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) by 45.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,066 shares of the financial services provider's stock after selling 25,373 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.07% of Farmland Partners worth $346,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in FPI. Envestnet Asset Management Inc. raised its stake in Farmland Partners by 8.0% in the first quarter. Envestnet Asset Management Inc. now owns 167,330 shares of the financial services provider's stock valued at $1,866,000 after purchasing an additional 12,358 shares in the last quarter. Arbor Capital Management Inc. ADV raised its stake in Farmland Partners by 3.2% in the first quarter. Arbor Capital Management Inc. ADV now owns 34,382 shares of the financial services provider's stock valued at $382,000 after purchasing an additional 1,063 shares in the last quarter. Taylor Frigon Capital Management LLC raised its stake in Farmland Partners by 2.2% in the first quarter. Taylor Frigon Capital Management LLC now owns 122,949 shares of the financial services provider's stock valued at $1,371,000 after purchasing an additional 2,687 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Farmland Partners by 92.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 37,985 shares of the financial services provider's stock valued at $424,000 after purchasing an additional 18,207 shares in the last quarter. Finally, Accordant Advisory Group Inc raised its stake in Farmland Partners by 1.4% in the first 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. Institutional investors own 58.00% of the company's stock.

Analyst Ratings Changes

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

Farmland Partners Stock Up 1.1%

Shares of FPI stock traded up $0.12 during mid-day trading on Friday, reaching $11.45. 342,189 shares of the company's stock traded hands, compared to its average volume of 376,332. Farmland Partners Inc. has a 12 month low of $9.66 and a 12 month high of $12.87. The company has a market cap of $526.59 million, a P/E ratio of 11.23 and a beta of 0.83. The company's 50-day moving average price is $11.21 and its 200-day moving average price is $11.12.

Farmland Partners (NYSE:FPI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Farmland Partners had a return on equity of 11.95% and a net margin of 107.24%. The business had revenue of $6.97 million during the quarter, compared to analysts' expectations of $9.49 million. Equities analysts predict that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $0.24 annualized dividend and a yield of 2.10%. Farmland Partners's payout ratio 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.