Two Sigma Investments LP Sells 40,870 Shares of Farmland Partners Inc. (NYSE:FPI)

Two Sigma Investments LP lessened its holdings in shares of Farmland Partners Inc. (NYSE:FPI) by 23.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130,799 shares of the financial services provider’s stock after selling 40,870 shares during the quarter. Two Sigma Investments LP owned about 0.27% of Farmland Partners worth $1,538,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. SG Americas Securities LLC lifted its position in Farmland Partners by 16.5% in the 4th quarter. SG Americas Securities LLC now owns 18,704 shares of the financial services provider’s stock worth $220,000 after buying an additional 2,651 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Farmland Partners by 1.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 96,816 shares of the financial services provider’s stock worth $1,139,000 after buying an additional 1,356 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Farmland Partners in the 4th quarter worth approximately $511,000. Asset Management One Co. Ltd. lifted its position in Farmland Partners by 3.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 64,605 shares of the financial services provider’s stock worth $747,000 after buying an additional 2,121 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Farmland Partners by 2.8% in the 4th quarter. Rhumbline Advisers now owns 79,766 shares of the financial services provider’s stock worth $938,000 after buying an additional 2,135 shares during the last quarter. Institutional investors own 58.00% of the company’s stock.

Farmland Partners Price Performance

NYSE:FPI opened at $11.48 on Wednesday. The business has a 50 day moving average of $10.42 and a 200 day moving average of $11.30. The company has a market capitalization of $527.97 million, a price-to-earnings ratio of 11.48 and a beta of 0.82. Farmland Partners Inc. has a 1-year low of $9.66 and a 1-year high of $12.87.

Farmland Partners (NYSE:FPI) last released its earnings results on Wednesday, May 7th. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $6.97 million during the quarter, compared to the consensus estimate of $9.49 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 EPS for the current year.

Farmland Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a $0.06 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $0.24 dividend on an annualized basis and a yield of 2.09%. Farmland Partners’s dividend payout ratio (DPR) is currently 23.53%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Farmland Partners from a “sell” rating to a “hold” rating in a research report on Saturday.

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.