Los Angeles Capital Management LLC Sells 28,970 Shares of Farmland Partners Inc. (NYSE:FPI)

Los Angeles Capital Management LLC cut its position in shares of Farmland Partners Inc. (NYSE:FPI) by 20.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,429 shares of the financial services provider’s stock after selling 28,970 shares during the quarter. Los Angeles Capital Management LLC owned about 0.24% of Farmland Partners worth $1,346,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. BCGM Wealth Management LLC boosted its position in shares of Farmland Partners by 0.4% during the fourth quarter. BCGM Wealth Management LLC now owns 262,358 shares of the financial services provider’s stock valued at $3,085,000 after purchasing an additional 1,017 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Farmland Partners by 11.3% during 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 in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Farmland Partners by 1.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 96,816 shares of the financial services provider’s stock valued at $1,139,000 after purchasing an additional 1,356 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of Farmland Partners by 12.0% during the fourth quarter. Park Avenue Securities LLC now owns 14,830 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 1,589 shares in the last quarter. Finally, Capital Square LLC boosted its position in shares of Farmland Partners by 4.3% during the third quarter. Capital Square LLC now owns 40,125 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 1,637 shares in the last quarter. 58.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Farmland Partners

In other Farmland Partners news, Director John A. Good purchased 15,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was purchased at an average price of $12.23 per share, for a total transaction of $183,450.00. Following the completion of the purchase, the director now directly owns 101,465 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through the SEC website. 8.30% of the stock is owned by company insiders.

Farmland Partners Trading Up 1.0 %

Shares of NYSE:FPI opened at $11.73 on Friday. The stock has a fifty day simple moving average of $11.72 and a two-hundred day simple moving average of $11.37. The stock has a market capitalization of $538.34 million, a price-to-earnings ratio of 11.73 and a beta of 0.69. Farmland Partners Inc. has a 12-month low of $9.70 and a 12-month high of $12.87.

Farmland Partners (NYSE:FPI) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $21.47 million during the quarter, compared to analysts’ expectations of $20.29 million. Farmland Partners had a return on equity of 11.47% and a net margin of 102.89%. As a group, equities research analysts predict that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Tuesday, April 1st. Farmland Partners’s payout ratio is 24.00%.

Analyst Ratings Changes

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

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.