Barclays PLC Increases Position in Farmland Partners Inc. (NYSE:FPI)

Barclays PLC increased its stake in shares of Farmland Partners Inc. (NYSE:FPI) by 23.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,132 shares of the financial services provider’s stock after buying an additional 15,982 shares during the quarter. Barclays PLC owned about 0.17% of Farmland Partners worth $990,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Farmland Partners by 27.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 125,695 shares of the financial services provider’s stock worth $1,314,000 after acquiring an additional 27,373 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Farmland Partners by 67.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 56,439 shares of the financial services provider’s stock worth $730,000 after purchasing an additional 22,774 shares during the period. Global Alpha Capital Management Ltd. lifted its holdings in shares of Farmland Partners by 9.2% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 3,387,769 shares of the financial services provider’s stock worth $39,840,000 after purchasing an additional 284,000 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Farmland Partners in the 4th quarter valued at $511,000. Finally, Rhumbline Advisers increased its stake in Farmland Partners by 2.8% in the 4th quarter. Rhumbline Advisers now owns 79,766 shares of the financial services provider’s stock valued at $938,000 after buying an additional 2,135 shares during the period. Institutional investors and hedge funds own 58.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Farmland Partners Trading Up 0.4 %

Shares of FPI opened at $10.42 on Tuesday. The stock’s 50 day moving average is $10.62 and its two-hundred day moving average is $11.45. Farmland Partners Inc. has a twelve month low of $9.66 and a twelve month high of $12.87. The firm has a market capitalization of $479.22 million, a PE ratio of 10.42 and a beta of 0.78.

Farmland Partners (NYSE:FPI) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $20.29 million. Farmland Partners had a return on equity of 11.47% and a net margin of 102.89%. On average, sell-side analysts predict that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Tuesday, April 1st. Farmland Partners’s dividend payout ratio (DPR) is 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.