15,958 Shares in Farmland Partners Inc. (NYSE:FPI) Bought by Sage Investment Counsel LLC

Sage Investment Counsel LLC bought a new position in Farmland Partners Inc. (NYSE:FPI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,958 shares of the financial services provider’s stock, valued at approximately $188,000.

Other large investors have also made changes to their positions in the company. GSA Capital Partners LLP purchased a new position in shares of Farmland Partners in the 3rd quarter worth $105,000. Point72 Asset Management L.P. purchased a new position in shares of Farmland Partners in the 3rd quarter worth $111,000. D.A. Davidson & CO. raised its position in Farmland Partners by 11.3% in the third quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 1,182 shares during the period. Virtu Financial LLC purchased a new position in Farmland Partners in the third quarter valued at about $123,000. Finally, BNP Paribas Financial Markets raised its position in Farmland Partners by 22.0% in the third quarter. BNP Paribas Financial Markets now owns 12,107 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 2,183 shares during the period. 58.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Farmland Partners

In other Farmland Partners news, Director John A. Good bought 15,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average cost of $12.23 per share, with a total value of $183,450.00. Following the completion of the transaction, the director now owns 101,465 shares in the company, valued at $1,240,916.95. The trade was a 17.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Farmland Partners from a “sell” rating to a “hold” rating in a research report on Friday.

Farmland Partners Price Performance

NYSE:FPI opened at $11.73 on Friday. The business’s 50-day moving average is $11.72 and its two-hundred day moving average is $11.37. Farmland Partners Inc. has a 12 month low of $9.70 and a 12 month high of $12.87. The firm has a market capitalization of $538.34 million, a PE ratio of 11.73 and a beta of 0.69.

Farmland Partners (NYSE:FPI) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $0.19 EPS for the quarter, beating 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 company had revenue of $21.47 million for the quarter, compared to analyst estimates of $20.29 million. Equities analysts anticipate that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 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 2.05%. The ex-dividend date is Tuesday, April 1st. Farmland Partners’s payout ratio is 24.00%.

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.