Asset Management One Co. Ltd. Boosts Stake in Farmland Partners Inc. (NYSE:FPI)

Asset Management One Co. Ltd. lifted its stake in Farmland Partners Inc. (NYSE:FPI) by 3.4% in the 4th quarter, HoldingsChannel reports. The firm owned 64,605 shares of the financial services provider’s stock after acquiring an additional 2,121 shares during the period. Asset Management One Co. Ltd.’s holdings in Farmland Partners were worth $747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA increased its stake in shares of Farmland Partners by 6.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,672,919 shares of the financial services provider’s stock worth $38,382,000 after purchasing an additional 211,181 shares in the last quarter. State Street Corp increased its stake in shares of Farmland Partners by 1.4% in the 3rd quarter. State Street Corp now owns 1,136,755 shares of the financial services provider’s stock worth $11,879,000 after purchasing an additional 15,638 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Farmland Partners by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,136,338 shares of the financial services provider’s stock worth $11,877,000 after purchasing an additional 8,413 shares in the last quarter. Accordant Advisory Group Inc increased its stake in shares of Farmland Partners by 9.9% in the 4th 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Farmland Partners by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 370,291 shares of the financial services provider’s stock worth $3,870,000 after purchasing an additional 19,805 shares in the last quarter. 58.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Farmland Partners

In related news, Director John A. Good acquired 15,000 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was acquired at an average price of $12.23 per share, with a total value of $183,450.00. Following the acquisition, the director now directly owns 101,465 shares of the company’s stock, valued at approximately $1,240,916.95. This trade represents a 17.35 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 8.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Farmland Partners from a “hold” rating to a “sell” rating in a report on Thursday.

Farmland Partners Stock Performance

Shares of Farmland Partners stock opened at $12.52 on Friday. The company has a market capitalization of $602.85 million, a P/E ratio of 44.70 and a beta of 0.69. The company has a fifty day moving average of $11.77 and a 200 day moving average of $11.31. Farmland Partners Inc. has a fifty-two week low of $9.70 and a fifty-two week 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, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $21.47 million during the quarter, compared to the consensus estimate of $20.29 million. Farmland Partners had a net margin of 31.68% and a return on equity of 3.53%. Analysts forecast that Farmland Partners Inc. will post 0.19 EPS for the current year.

Farmland Partners Announces Dividend

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 issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.92%. The ex-dividend date is Tuesday, April 1st. Farmland Partners’s dividend payout ratio is currently 85.71%.

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.