8,200 Shares in Farmland Partners Inc. (NYSE:FPI) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in shares of Farmland Partners Inc. (NYSE:FPI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,200 shares of the financial services provider’s stock, valued at approximately $104,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in FPI. Global Alpha Capital Management Ltd. increased its holdings in Farmland Partners by 9.2% during the 4th 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 period. State Street Corp increased its stake in shares of Farmland Partners by 1.4% during the third quarter. State Street Corp now owns 1,136,755 shares of the financial services provider’s stock valued at $11,879,000 after buying an additional 15,638 shares during the period. Geode Capital Management LLC raised its holdings in shares of Farmland Partners by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,136,338 shares of the financial services provider’s stock valued at $11,877,000 after acquiring an additional 8,413 shares in the last quarter. Accordant Advisory Group Inc lifted its stake in Farmland Partners by 9.9% in the fourth quarter. Accordant Advisory Group Inc now owns 893,712 shares of the financial services provider’s stock worth $10,510,000 after acquiring an additional 80,736 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Farmland Partners by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 373,855 shares of the financial services provider’s stock worth $4,397,000 after acquiring an additional 3,564 shares during the period. Institutional investors own 58.00% of the company’s stock.

Farmland Partners Price Performance

Shares of FPI opened at $9.82 on Friday. The company has a 50-day simple moving average of $11.23 and a two-hundred day simple moving average of $11.51. The firm has a market capitalization of $451.48 million, a PE ratio of 9.82 and a beta of 0.78. Farmland Partners Inc. has a one year low of $9.66 and a one year high of $12.87.

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

Farmland Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Tuesday, April 1st. Farmland Partners’s dividend payout ratio (DPR) is presently 24.00%.

Analyst Upgrades and Downgrades

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

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.