Two Sigma Advisers LP Decreases Stock Holdings in Farmland Partners Inc. (NYSE:FPI)

Two Sigma Advisers LP reduced its position in Farmland Partners Inc. (NYSE:FPI - Free Report) by 81.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,550 shares of the financial services provider's stock after selling 55,000 shares during the period. Two Sigma Advisers LP's holdings in Farmland Partners were worth $148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. ProShare Advisors LLC bought a new position in shares of Farmland Partners in the 4th quarter worth approximately $146,000. Millennium Management LLC purchased a new stake in Farmland Partners during the fourth quarter valued at approximately $635,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Farmland Partners by 4.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,230 shares of the financial services provider's stock valued at $297,000 after buying an additional 1,064 shares during the last quarter. Deutsche Bank AG raised its position in 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 acquiring an additional 3,501 shares during the period. Finally, Corton Capital Inc. purchased a new position in shares of Farmland Partners during the 4th quarter worth $232,000. 58.00% of the stock is currently owned by hedge funds and other institutional investors.

Farmland Partners Stock Up 2.0%

FPI traded up $0.23 during midday trading on Monday, reaching $11.78. The company had a trading volume of 343,902 shares, compared to its average volume of 358,290. The business has a 50-day moving average of $10.44 and a two-hundred day moving average of $11.27. Farmland Partners Inc. has a 1 year low of $9.66 and a 1 year high of $12.87. The company has a market cap of $541.76 million, a P/E ratio of 11.78 and a beta of 0.84.

Farmland Partners (NYSE:FPI - Get Free Report) last released its earnings results 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 firm had revenue of $6.97 million during the quarter, compared to analysts' expectations of $9.49 million. Farmland Partners had a return on equity of 11.47% and a net margin of 102.89%. On average, equities research analysts predict that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.24 annualized dividend and a yield of 2.04%. Farmland Partners's payout ratio is currently 23.53%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Farmland Partners from a "sell" rating to a "hold" rating in a research note on Saturday, May 31st.

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.