BCGM Wealth Management LLC Boosts Holdings in Farmland Partners Inc. (NYSE:FPI)

BCGM Wealth Management LLC raised its position in shares of Farmland Partners Inc. (NYSE:FPI) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 262,358 shares of the financial services provider’s stock after acquiring an additional 1,017 shares during the period. BCGM Wealth Management LLC owned approximately 0.54% of Farmland Partners worth $3,085,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. New York State Common Retirement Fund raised its position in Farmland Partners by 74.6% in the 4th quarter. New York State Common Retirement Fund now owns 12,877 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 5,500 shares during the period. Rhumbline Advisers raised its holdings in shares of Farmland Partners by 2.8% in the fourth quarter. Rhumbline Advisers now owns 79,766 shares of the financial services provider’s stock worth $938,000 after buying an additional 2,135 shares during the period. Asset Management One Co. Ltd. raised its holdings in shares of Farmland Partners by 3.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 64,605 shares of the financial services provider’s stock worth $747,000 after buying an additional 2,121 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Farmland Partners during the 4th quarter worth approximately $511,000. Finally, Accordant Advisory Group Inc boosted its holdings in 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 valued at $10,510,000 after acquiring an additional 80,736 shares during the period. Hedge funds and other institutional investors own 58.00% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other Farmland Partners news, Director John A. Good acquired 15,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of $12.23 per share, for a total transaction of $183,450.00. Following the completion of the purchase, the director now owns 101,465 shares in the company, valued at approximately $1,240,916.95. This trade represents a 17.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 8.30% of the company’s stock.

Farmland Partners Price Performance

Shares of FPI opened at $12.41 on Monday. The firm has a market capitalization of $597.59 million, a price-to-earnings ratio of 12.41 and a beta of 0.69. Farmland Partners Inc. has a 1-year low of $9.70 and a 1-year high of $12.87. The company has a 50-day moving average of $11.77 and a 200 day moving average of $11.34.

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

Farmland Partners Dividend Announcement

The company also recently declared 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 1.93%. The ex-dividend date of this dividend is Tuesday, April 1st. Farmland Partners’s payout ratio is 24.00%.

Farmland Partners Company Profile

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.