Squarepoint Ops LLC Purchases New Stake in Farmland Partners Inc. $FPI

Squarepoint Ops LLC acquired a new stake in shares of Farmland Partners Inc. (NYSE:FPI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 54,373 shares of the financial services provider’s stock, valued at approximately $626,000. Squarepoint Ops LLC owned about 0.12% of Farmland Partners at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FPI. Accordant Advisory Group Inc raised its stake in shares of Farmland Partners by 26.3% in the 2nd quarter. Accordant Advisory Group Inc now owns 1,145,016 shares of the financial services provider’s stock valued at $13,179,000 after purchasing an additional 238,453 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Farmland Partners by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 376,468 shares of the financial services provider’s stock valued at $4,198,000 after buying an additional 2,613 shares in the last quarter. Raymond James Financial Inc. raised its stake in Farmland Partners by 4.3% during the second quarter. Raymond James Financial Inc. now owns 299,532 shares of the financial services provider’s stock valued at $3,448,000 after buying an additional 12,212 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Farmland Partners by 33.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 292,850 shares of the financial services provider’s stock worth $3,371,000 after buying an additional 73,893 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its position in shares of Farmland Partners by 56.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 222,349 shares of the financial services provider’s stock worth $2,559,000 after acquiring an additional 80,200 shares in the last quarter. Institutional investors own 58.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FPI shares. Wall Street Zen lowered Farmland Partners from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Farmland Partners in a report on Monday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Farmland Partners currently has a consensus rating of “Hold”.

Farmland Partners Stock Down 1.9%

FPI stock opened at $9.79 on Wednesday. Farmland Partners Inc. has a fifty-two week low of $9.36 and a fifty-two week high of $12.87. The firm’s 50-day simple moving average is $9.95 and its 200 day simple moving average is $10.63. The stock has a market cap of $421.73 million, a PE ratio of 8.15 and a beta of 0.76.

Farmland Partners (NYSE:FPI) last posted its earnings results on Wednesday, October 29th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Farmland Partners had a net margin of 130.10% and a return on equity of 14.37%. The firm had revenue of $11.25 million during the quarter, compared to analyst estimates of $10.59 million. Farmland Partners has set its FY 2025 guidance at 0.320-0.360 EPS. Equities analysts forecast that Farmland Partners Inc. will post 0.13 EPS for the current fiscal year.

Farmland Partners Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. Farmland Partners’s payout ratio is presently 20.00%.

Insider Transactions at Farmland Partners

In other Farmland Partners news, Director John A. Good purchased 3,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was bought at an average price of $10.20 per share, with a total value of $30,600.00. Following the completion of the purchase, the director owned 15,100 shares in the company, valued at $154,020. This trade represents a 24.79% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.70% of the company’s stock.

Farmland Partners Profile

Farmland Partners Inc is a real estate investment trust (REIT) that acquires and manages high-quality farmland in the United States. The company’s primary business activity is the ownership of agricultural land, which it leases to farmers under various rental arrangements designed to generate stable cash rents and long-term capital appreciation. By focusing on farmland as a real asset, the company seeks to benefit from rising global demand for food, fiber and renewable fuels.

Founded in 2013 and headquartered in Scottsdale, Arizona, Farmland Partners completed its initial public offering in June 2017 and began trading on the New York Stock Exchange under the ticker FPI.