Farmland Partners Inc. (NYSE:FPI) Stock Position Increased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in Farmland Partners Inc. (NYSE:FPIFree Report) by 67.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,439 shares of the financial services provider’s stock after purchasing an additional 22,774 shares during the quarter. Nisa Investment Advisors LLC owned 0.12% of Farmland Partners worth $730,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FPI. GSA Capital Partners LLP purchased a new position in shares of Farmland Partners during the third quarter valued at $105,000. Point72 Asset Management L.P. acquired a new position in Farmland Partners in the 3rd quarter worth about $111,000. D.A. Davidson & CO. increased its position in Farmland Partners by 11.3% in the 3rd quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 1,182 shares during the last quarter. Virtu Financial LLC acquired a new stake in Farmland Partners in the third quarter valued at approximately $123,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Farmland Partners by 22.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,107 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 2,183 shares during the last quarter. Institutional investors own 58.00% of the company’s stock.

Farmland Partners Price Performance

Shares of FPI opened at $11.65 on Wednesday. Farmland Partners Inc. has a one year low of $9.70 and a one year high of $12.85. The company’s fifty day moving average price is $12.00 and its 200 day moving average price is $11.22. The company has a market capitalization of $561.28 million, a PE ratio of 41.61 and a beta of 0.70.

Farmland Partners (NYSE:FPIGet Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $13.32 million for the quarter, compared to the consensus estimate of $11.88 million. Farmland Partners had a net margin of 31.68% and a return on equity of 3.53%. During the same quarter last year, the company posted ($0.01) earnings per share. Analysts anticipate that Farmland Partners Inc. will post 0.19 earnings per share for the current year.

Farmland Partners Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were given a dividend of $1.15 per share. The ex-dividend date was Monday, December 23rd. This is an increase from Farmland Partners’s previous dividend of $0.13. Farmland Partners’s dividend payout ratio (DPR) is 85.71%.

Analyst Ratings Changes

Separately, StockNews.com raised Farmland Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 9th.

Get Our Latest Stock Report on Farmland Partners

Insider Transactions at Farmland Partners

In related news, Director John A. Good acquired 15,000 shares of the stock in a transaction dated Thursday, December 19th. The shares were bought at an average cost of $12.23 per share, for a total transaction of $183,450.00. Following the purchase, the director now owns 101,465 shares in the company, valued at approximately $1,240,916.95. This trade represents a 17.35 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.30% of the stock is owned by insiders.

Farmland Partners Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Farmland Partners (NYSE:FPI)

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