Sage Investment Counsel LLC Invests $188,000 in Farmland Partners Inc. (NYSE:FPI)

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

Several other institutional investors and hedge funds have also made changes to their positions in FPI. Massachusetts Financial Services Co. MA boosted its position in shares of Farmland Partners by 6.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,672,919 shares of the financial services provider’s stock worth $38,382,000 after acquiring an additional 211,181 shares in the last quarter. Accordant Advisory Group Inc boosted its position in shares of Farmland Partners by 9.9% during the 4th quarter. Accordant Advisory Group Inc now owns 893,712 shares of the financial services provider’s stock worth $10,510,000 after acquiring an additional 80,736 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Farmland Partners by 130.0% in the 3rd quarter. Stifel Financial Corp now owns 111,254 shares of the financial services provider’s stock valued at $1,163,000 after purchasing an additional 62,875 shares during the period. Barclays PLC boosted its position in shares of Farmland Partners by 221.7% in the 3rd quarter. Barclays PLC now owns 68,150 shares of the financial services provider’s stock valued at $712,000 after purchasing an additional 46,968 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Farmland Partners in the 4th quarter valued at about $511,000. 58.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Farmland Partners Stock Up 1.0 %

Shares of NYSE FPI opened at $11.73 on Friday. The stock has a market cap of $538.34 million, a PE ratio of 11.73 and a beta of 0.69. Farmland Partners Inc. has a 52-week low of $9.70 and a 52-week high of $12.87. The business has a 50-day moving average price of $11.72 and a 200 day moving average price of $11.37.

Farmland Partners (NYSE:FPI) last announced its earnings results 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 firm 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%. Sell-side analysts anticipate that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Announces Dividend

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 annualized dividend and a yield of 2.05%. The ex-dividend date is Tuesday, April 1st. Farmland Partners’s dividend payout ratio is presently 24.00%.

Insider Transactions at Farmland Partners

In other Farmland Partners news, Director John A. Good bought 15,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of $12.23 per share, with a total value of $183,450.00. Following the purchase, the director now owns 101,465 shares in the company, valued at approximately $1,240,916.95. This represents a 17.35 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 8.30% 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.