Two Sigma Investments LP Reduces Stock Holdings in Farmland Partners Inc. (NYSE:FPI)

Two Sigma Investments LP lowered its stake in Farmland Partners Inc. (NYSE:FPI - Free Report) by 23.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 130,799 shares of the financial services provider's stock after selling 40,870 shares during the period. Two Sigma Investments LP owned approximately 0.27% of Farmland Partners worth $1,538,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of FPI. Steward Partners Investment Advisory LLC increased its position in shares of Farmland Partners by 470.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,944 shares of the financial services provider's stock worth $35,000 after purchasing an additional 2,428 shares during the period. Promus Capital LLC bought a new position in shares of Farmland Partners in the fourth quarter worth $56,000. KLP Kapitalforvaltning AS bought a new position in shares of Farmland Partners in the fourth quarter worth $104,000. Meriwether Wealth & Planning LLC bought a new position in shares of Farmland Partners in the fourth quarter worth $119,000. Finally, ProShare Advisors LLC bought a new position in shares of Farmland Partners in the fourth quarter worth $146,000. Institutional investors own 58.00% of the company's stock.

Analysts Set New Price Targets

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

Farmland Partners Trading Up 0.6%

NYSE:FPI traded up $0.07 on Friday, hitting $11.55. The company had a trading volume of 287,782 shares, compared to its average volume of 357,672. Farmland Partners Inc. has a 52 week low of $9.66 and a 52 week high of $12.87. The stock has a market capitalization of $530.95 million, a price-to-earnings ratio of 11.55 and a beta of 0.84. The firm has a 50 day moving average of $10.44 and a two-hundred day moving average of $11.28.

Farmland Partners (NYSE:FPI - Get Free Report) last announced its quarterly 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). Farmland Partners had a return on equity of 11.47% and a net margin of 102.89%. The company had revenue of $6.97 million for the quarter, compared to analyst estimates of $9.49 million. As a group, equities analysts forecast that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Tuesday, July 1st. Farmland Partners's payout ratio is 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.