LPL Financial LLC Has $1.15 Million Position in Farmland Partners Inc. (NYSE:FPI)

LPL Financial LLC boosted its stake in Farmland Partners Inc. (NYSE:FPI) by 30.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,781 shares of the financial services provider’s stock after purchasing an additional 23,102 shares during the period. LPL Financial LLC owned about 0.20% of Farmland Partners worth $1,150,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FPI. Steward Partners Investment Advisory LLC boosted its position 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 worth $35,000 after buying an additional 2,428 shares during the period. Promus Capital LLC bought a new stake in shares of Farmland Partners in the fourth quarter worth $56,000. KLP Kapitalforvaltning AS acquired a new stake in Farmland Partners in the fourth quarter valued at $104,000. Meriwether Wealth & Planning LLC acquired a new position in Farmland Partners during the 4th quarter worth about $119,000. Finally, Virtu Financial LLC bought a new stake in shares of Farmland Partners in the 3rd quarter valued at about $123,000. Institutional investors and hedge funds own 58.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Farmland Partners Stock Performance

NYSE:FPI opened at $10.00 on Friday. Farmland Partners Inc. has a 52 week low of $9.66 and a 52 week high of $12.87. The firm’s fifty day moving average is $11.02 and its 200-day moving average is $11.50. The firm has a market cap of $459.67 million, a P/E ratio of 10.00 and a beta of 0.78.

Farmland Partners (NYSE:FPI) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The firm 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, sell-side analysts anticipate that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.40%. The ex-dividend date was Tuesday, April 1st. Farmland Partners’s dividend payout ratio (DPR) is presently 24.00%.

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.