Stifel Financial Corp Sells 69,713 Shares of Farmland Partners Inc. (NYSE:FPI)

Stifel Financial Corp cut its holdings in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) by 62.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,541 shares of the financial services provider's stock after selling 69,713 shares during the period. Stifel Financial Corp owned approximately 0.09% of Farmland Partners worth $489,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Farmland Partners in the 4th quarter valued at approximately $3,490,000. Global Alpha Capital Management Ltd. raised its holdings in shares of Farmland Partners by 9.2% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 3,387,769 shares of the financial services provider's stock valued at $39,840,000 after purchasing an additional 284,000 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Farmland Partners by 93.4% in the fourth quarter. JPMorgan Chase & Co. now owns 243,045 shares of the financial services provider's stock worth $2,858,000 after purchasing an additional 117,350 shares in the last quarter. Accordant Advisory Group Inc boosted its holdings in Farmland Partners by 9.9% during the fourth quarter. Accordant Advisory Group Inc now owns 893,712 shares of the financial services provider's stock worth $10,510,000 after purchasing an additional 80,736 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Farmland Partners by 1.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,725,249 shares of the financial services provider's stock valued at $43,809,000 after purchasing an additional 52,330 shares in the last quarter. 58.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Farmland Partners from a "sell" rating to a "hold" rating in a research report on Friday, February 28th.

Farmland Partners Stock Performance

FPI traded up $0.04 during trading on Friday, reaching $10.54. 307,655 shares of the stock were exchanged, compared to its average volume of 350,212. The stock's 50 day moving average price is $10.43 and its two-hundred day moving average price is $11.40. Farmland Partners Inc. has a twelve month low of $9.66 and a twelve month high of $12.87. The stock has a market cap of $484.73 million, a P/E ratio of 10.54 and a beta of 0.82.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Farmland Partners had a net margin of 102.89% and a return on equity of 11.47%. The firm had revenue of $6.97 million during the quarter, compared to the consensus estimate of $9.49 million. Equities research analysts predict that Farmland Partners Inc. will post 0.13 earnings per share 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 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 dividend yield of 2.28%. Farmland Partners's dividend payout ratio is currently 23.53%.

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.