Farmland Partners Inc. (NYSE:FPI) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its stake in Farmland Partners Inc. (NYSE:FPI - Free Report) by 81.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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).

A number of other hedge funds also recently bought and sold shares of the stock. BCGM Wealth Management LLC raised its position in Farmland Partners by 0.4% in the 4th quarter. BCGM Wealth Management LLC now owns 262,358 shares of the financial services provider's stock valued at $3,085,000 after purchasing an additional 1,017 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Farmland Partners by 4.4% in 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 purchasing an additional 1,064 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Farmland Partners by 3.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 41,390 shares of the financial services provider's stock valued at $487,000 after purchasing an additional 1,200 shares in the last quarter. Asset Management One Co. Ltd. raised its position in Farmland Partners by 3.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 64,605 shares of the financial services provider's stock valued at $747,000 after purchasing an additional 2,121 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Farmland Partners by 2.8% during the 4th quarter. Rhumbline Advisers now owns 79,766 shares of the financial services provider's stock worth $938,000 after acquiring an additional 2,135 shares in the last quarter. Institutional investors and hedge funds own 58.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

Farmland Partners Price Performance

Shares of NYSE FPI traded down $0.21 during midday trading on Wednesday, hitting $11.48. 630,983 shares of the company's stock were exchanged, compared to its average volume of 360,312. Farmland Partners Inc. has a twelve month low of $9.66 and a twelve month high of $12.87. The company has a market cap of $527.87 million, a PE ratio of 11.48 and a beta of 0.84. The firm's fifty day simple moving average is $10.49 and its 200-day simple moving average is $11.27.

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 the consensus estimate of $0.06 by ($0.01). Farmland Partners had a return on equity of 11.47% and a net margin of 102.89%. The business had revenue of $6.97 million for the quarter, compared to analyst estimates of $9.49 million. Equities analysts anticipate that Farmland Partners Inc. will post 0.13 EPS for the current fiscal year.

Farmland Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Tuesday, July 1st. Farmland Partners's dividend payout ratio (DPR) is presently 23.53%.

Farmland Partners Company 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.