Intech Investment Management LLC Makes New Investment in Farmland Partners Inc. (NYSE:FPI)

Intech Investment Management LLC acquired a new stake in Farmland Partners Inc. (NYSE:FPI) in the fourth quarter, Holdings Channel.com reports. The fund acquired 21,681 shares of the financial services provider’s stock, valued at approximately $255,000.

A number of other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its holdings in Farmland Partners by 470.5% during 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 acquiring an additional 2,428 shares during the period. Promus Capital LLC purchased a new position in shares of Farmland Partners in the fourth quarter valued at approximately $56,000. Point72 Asset Management L.P. acquired a new position in shares of Farmland Partners in the third quarter valued at approximately $111,000. Meriwether Wealth & Planning LLC purchased a new stake in Farmland Partners during the 4th quarter worth approximately $119,000. Finally, D.A. Davidson & CO. lifted its holdings in Farmland Partners by 11.3% during the 3rd quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider’s stock worth $122,000 after buying an additional 1,182 shares in the last quarter. 58.00% of the stock is owned by institutional investors and hedge funds.

Farmland Partners Price Performance

FPI stock opened at $11.06 on Thursday. The business’s 50-day moving average is $11.51 and its two-hundred day moving average is $11.51. The firm has a market capitalization of $507.36 million, a P/E ratio of 11.06 and a beta of 0.66. Farmland Partners Inc. has a 1 year low of $9.70 and a 1 year high of $12.87.

Farmland Partners (NYSE:FPI) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. Farmland Partners had a net margin of 102.89% and a return on equity of 11.47%. The firm had revenue of $21.47 million for the quarter, compared to analysts’ expectations of $20.29 million. On average, analysts expect that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.17%. Farmland Partners’s payout ratio is currently 24.00%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a research note on Friday, February 28th.

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.