Northern Trust Corp Has $5.35 Million Position in Farmland Partners Inc. (NYSE:FPI)

Northern Trust Corp boosted its stake in shares of Farmland Partners Inc. (NYSE:FPI) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 455,094 shares of the financial services provider’s stock after acquiring an additional 35,993 shares during the quarter. Northern Trust Corp owned 0.94% of Farmland Partners worth $5,352,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its position in Farmland Partners by 23.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,460 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 3,322 shares during the period. Tower Research Capital LLC TRC raised its position in Farmland Partners by 166.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 21,767 shares of the financial services provider’s stock valued at $256,000 after buying an additional 13,599 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Farmland Partners by 22.7% during the 4th quarter. MetLife Investment Management LLC now owns 30,215 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 5,580 shares during the last quarter. Capital Square LLC increased its position in shares of Farmland Partners by 24.8% during the 4th quarter. Capital Square LLC now owns 50,056 shares of the financial services provider’s stock worth $576,000 after purchasing an additional 9,931 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Farmland Partners by 3.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 41,390 shares of the financial services provider’s stock worth $487,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors own 58.00% of the company’s stock.

Farmland Partners Stock Performance

Farmland Partners stock opened at $10.68 on Wednesday. Farmland Partners Inc. has a 52 week low of $9.66 and a 52 week high of $12.87. The stock has a fifty day moving average of $10.41 and a 200-day moving average of $11.38. The stock has a market capitalization of $491.17 million, a P/E ratio of 10.68 and a beta of 0.82.

Farmland Partners (NYSE:FPI) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Farmland Partners had a net margin of 102.89% and a return on equity of 11.47%. The company had revenue of $6.97 million during the quarter, compared to analyst estimates of $9.49 million. On average, research analysts forecast that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Tuesday, July 1st. Farmland Partners’s payout ratio is 23.53%.

Analyst Ratings Changes

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

Farmland Partners Company 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.