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

Two Sigma Investments LP cut its stake in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) by 23.8% in the fourth quarter, according to its most recent disclosure 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 about 0.27% of Farmland Partners worth $1,538,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC raised its stake in Farmland Partners by 470.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,944 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 2,428 shares during the last quarter. Promus Capital LLC purchased a new stake in shares of Farmland Partners during the fourth quarter worth $56,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Farmland Partners in the fourth quarter valued at about $104,000. Meriwether Wealth & Planning LLC purchased a new stake in Farmland Partners during the 4th quarter valued at about $119,000. Finally, ProShare Advisors LLC acquired a new stake in Farmland Partners in the 4th quarter valued at about $146,000. Hedge funds and other institutional investors own 58.00% of the company's stock.

Farmland Partners Trading Up 0.4%

NYSE FPI traded up $0.05 during trading hours on Friday, reaching $11.53. The company had a trading volume of 138,581 shares, compared to its average volume of 356,517. Farmland Partners Inc. has a 1-year low of $9.66 and a 1-year high of $12.87. The stock has a market capitalization of $530.17 million, a P/E ratio of 11.52 and a beta of 0.84. The stock has a 50-day moving average of $10.43 and a 200 day moving average of $11.30.

Farmland Partners (NYSE:FPI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $6.97 million during the quarter, compared to analyst estimates of $9.49 million. Farmland Partners had a return on equity of 11.47% and a net margin of 102.89%. As a group, sell-side analysts predict that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.08%. Farmland Partners's payout ratio is presently 23.53%.

Analyst Upgrades and Downgrades

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

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.