Farmland Partners (NYSE:FPI) Sees Strong Trading Volume – Here’s What Happened

Farmland Partners Inc. (NYSE:FPI) saw unusually-high trading volume on Monday . Approximately 338,754 shares changed hands during mid-day trading, an increase of 36% from the previous session’s volume of 249,488 shares.The stock last traded at $12.08 and had previously closed at $12.43.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th.

Farmland Partners Trading Down 1.7 %

The stock has a 50-day moving average price of $11.74 and a two-hundred day moving average price of $11.36. The stock has a market cap of $554.47 million, a price-to-earnings ratio of 11.51 and a beta of 0.69.

Farmland Partners (NYSE:FPI) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. Farmland Partners had a return on equity of 11.47% and a net margin of 102.89%. The business had revenue of $21.47 million during the quarter, compared to the consensus estimate of $20.29 million. Research analysts predict that Farmland Partners Inc. will post 0.13 earnings per share for the current fiscal year.

Farmland Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Tuesday, April 1st. Farmland Partners’s dividend payout ratio (DPR) is presently 24.00%.

Insider Buying and Selling at Farmland Partners

In other news, Director John A. Good purchased 15,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of $12.23 per share, for a total transaction of $183,450.00. Following the purchase, the director now owns 101,465 shares in the company, valued at $1,240,916.95. This trade represents a 17.35 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Farmland Partners

Institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in Farmland Partners during the 3rd quarter worth approximately $1,700,000. Ballentine Partners LLC acquired a new stake in shares of Farmland Partners in the third quarter worth $197,000. State of New Jersey Common Pension Fund D increased its stake in shares of Farmland Partners by 10.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 194,088 shares of the financial services provider’s stock worth $2,028,000 after acquiring an additional 18,465 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Farmland Partners during the third quarter worth $105,000. Finally, Aigen Investment Management LP acquired a new position in Farmland Partners during the third quarter valued at $173,000. Institutional investors and hedge funds own 58.00% of the company’s stock.

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.