State of Wyoming Acquires 43,726 Shares of Farmland Partners Inc. $FPI

Key Points

• The State of Wyoming significantly increased its holdings in Farmland Partners Inc. by 976.7%, acquiring an additional 43,726 shares, bringing its total to 48,203 shares valued at approximately $537,000.
• Other institutional investors such as GAMMA Investing LLC and New Age Alpha Advisors LLC have also increased their stakes, reflecting a growing interest in Farmland Partners, which is now 58% owned by institutional investors.
• Farmland Partners announced a quarterly dividend of $0.06 per share, representing a 2.2% yield, with shareholders of record set to receive the payment on October 15th.

State of Wyoming grew its holdings in Farmland Partners Inc. (NYSE:FPI - Free Report) by 976.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,203 shares of the financial services provider's stock after acquiring an additional 43,726 shares during the period. State of Wyoming owned 0.10% of Farmland Partners worth $537,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position 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 worth $101,000 after acquiring an additional 8,664 shares during the period. New Age Alpha Advisors LLC bought a new stake in shares of Farmland Partners during the 1st quarter valued at $109,000. ProShare Advisors LLC bought a new stake in shares of Farmland Partners during the 4th quarter valued at $146,000. LaSalle St. Investment Advisors LLC bought a new stake in shares of Farmland Partners during the 1st quarter valued at $140,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of Farmland Partners during the 1st quarter valued at $146,000. 58.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Farmland Partners Stock Performance

FPI opened at $11.00 on Friday. The stock has a market capitalization of $493.79 million, a price-to-earnings ratio of 9.01 and a beta of 0.84. The company has a fifty day moving average of $11.08 and a 200 day moving average of $10.95. Farmland Partners Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $12.87.

Farmland Partners (NYSE:FPI - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The financial services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $6.02 million for the quarter, compared to analysts' expectations of $9.50 million. Farmland Partners had a net margin of 127.59% and a return on equity of 14.18%. Farmland Partners has set its FY 2025 guidance at 0.280-0.340 EPS. On average, equities research analysts forecast that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Announces Dividend

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

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.

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