Nisa Investment Advisors LLC Sells 25,373 Shares of Farmland Partners Inc. (NYSE:FPI)

Nisa Investment Advisors LLC lowered its stake in Farmland Partners Inc. (NYSE:FPI) by 45.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,066 shares of the financial services provider’s stock after selling 25,373 shares during the quarter. Nisa Investment Advisors LLC owned 0.07% of Farmland Partners worth $346,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its stake in shares of Farmland Partners by 470.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,944 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 2,428 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Farmland Partners by 2,102.9% in the 1st quarter. GAMMA Investing LLC now owns 9,076 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 8,664 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Farmland Partners in the 4th quarter valued at $104,000. ProShare Advisors LLC bought a new stake in shares of Farmland Partners in the 4th quarter valued at $146,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Farmland Partners in the 4th quarter valued at $169,000. Institutional investors own 58.00% of the company’s stock.

Farmland Partners Price Performance

NYSE FPI opened at $11.22 on Thursday. Farmland Partners Inc. has a 1 year low of $9.66 and a 1 year high of $12.87. The firm has a market cap of $515.78 million, a price-to-earnings ratio of 11.00 and a beta of 0.83. The company has a fifty day moving average price of $11.15 and a 200-day moving average price of $11.12.

Farmland Partners (NYSE:FPI) last posted 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). The company had revenue of $6.97 million for the quarter, compared to the consensus estimate of $9.49 million. Farmland Partners had a net margin of 107.24% and a return on equity of 11.95%. On average, research analysts anticipate that Farmland Partners Inc. will post 0.13 EPS for the current fiscal year.

Farmland Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Tuesday, July 1st. Farmland Partners’s dividend payout ratio (DPR) is 23.53%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Farmland Partners from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th.

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.