Nuveen LLC bought a new stake in Farmland Partners Inc. (NYSE:FPI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 103,859 shares of the financial services provider's stock, valued at approximately $1,158,000. Nuveen LLC owned approximately 0.23% of Farmland Partners as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Farmland Partners by 2,102.9% in the first quarter. GAMMA Investing LLC now owns 9,076 shares of the financial services provider's stock valued at $101,000 after purchasing an additional 8,664 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in Farmland Partners in the first quarter valued at approximately $109,000. LaSalle St. Investment Advisors LLC bought a new stake in Farmland Partners in the first quarter valued at approximately $140,000. ProShare Advisors LLC bought a new stake in Farmland Partners in the fourth quarter valued at approximately $146,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in Farmland Partners in the first quarter valued at approximately $146,000. 58.00% of the stock is currently owned by institutional investors.
Farmland Partners Trading Down 0.4%
Shares of NYSE:FPI traded down $0.05 during trading on Friday, reaching $10.70. 331,752 shares of the stock were exchanged, compared to its average volume of 290,127. Farmland Partners Inc. has a 12 month low of $9.66 and a 12 month high of $12.87. The firm has a market cap of $480.72 million, a PE ratio of 8.77 and a beta of 0.89. The stock has a 50-day moving average price of $11.01 and a 200-day moving average price of $10.91.
Farmland Partners (NYSE:FPI - Get Free Report) last announced 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). The business had revenue of $6.02 million for the quarter, compared to the consensus estimate of $9.50 million. Farmland Partners had a return on equity of 14.18% and a net margin of 127.59%. Farmland Partners has set its FY 2025 guidance at 0.280-0.340 EPS. On average, sell-side analysts expect that Farmland Partners Inc. will post 0.13 earnings per share for the current fiscal 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 issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, October 1st. Farmland Partners's dividend payout ratio is 19.67%.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Farmland Partners from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th.
View Our Latest Stock Report on FPI
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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