Allspring Global Investments Holdings LLC Purchases New Shares in Farmland Partners Inc. (NYSE:FPI)

Allspring Global Investments Holdings LLC purchased a new stake in Farmland Partners Inc. (NYSE:FPI) in the fourth quarter, Holdings Channel.com reports. The fund purchased 43,470 shares of the financial services provider’s stock, valued at approximately $511,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its position in shares of Farmland Partners by 6.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,672,919 shares of the financial services provider’s stock valued at $38,382,000 after purchasing an additional 211,181 shares during the last quarter. Accordant Advisory Group Inc increased its position in shares of Farmland Partners by 9.9% during the 4th quarter. Accordant Advisory Group Inc now owns 893,712 shares of the financial services provider’s stock valued at $10,510,000 after purchasing an additional 80,736 shares during the last quarter. Stifel Financial Corp increased its position in shares of Farmland Partners by 130.0% during the 3rd quarter. Stifel Financial Corp now owns 111,254 shares of the financial services provider’s stock valued at $1,163,000 after purchasing an additional 62,875 shares during the last quarter. Barclays PLC increased its position in shares of Farmland Partners by 221.7% during the 3rd quarter. Barclays PLC now owns 68,150 shares of the financial services provider’s stock valued at $712,000 after purchasing an additional 46,968 shares during the last quarter. Finally, Annex Advisory Services LLC increased its position in shares of Farmland Partners by 41.1% during the 4th quarter. Annex Advisory Services LLC now owns 100,933 shares of the financial services provider’s stock valued at $1,187,000 after purchasing an additional 29,424 shares during the last quarter. 58.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Farmland Partners

In other news, Director John A. Good purchased 15,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of $12.23 per share, for a total transaction of $183,450.00. Following the purchase, the director now owns 101,465 shares of the company’s stock, valued at $1,240,916.95. The trade was a 17.35 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.30% of the stock is owned by corporate insiders.

Farmland Partners Price Performance

Shares of Farmland Partners stock opened at $11.87 on Tuesday. Farmland Partners Inc. has a 1 year low of $9.70 and a 1 year high of $12.87. The firm has a market cap of $571.57 million, a PE ratio of 11.87 and a beta of 0.69. The stock has a fifty day moving average price of $11.76 and a 200-day moving average price of $11.35.

Farmland Partners (NYSE:FPI) last posted its quarterly 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 return on equity of 11.47% and a net margin of 102.89%. As a group, equities analysts anticipate that Farmland Partners Inc. will post 0.13 EPS for the current fiscal year.

Farmland Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.24 annualized dividend and a dividend yield of 2.02%. Farmland Partners’s payout ratio is 24.00%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Farmland Partners from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th.

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.