Millburn Ridgefield Corp Sells 2,266 Shares of Farmland Partners Inc. (NYSE:FPI)

Millburn Ridgefield Corp decreased its stake in shares of Farmland Partners Inc. (NYSE:FPI) by 16.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,687 shares of the financial services provider’s stock after selling 2,266 shares during the quarter. Millburn Ridgefield Corp’s holdings in Farmland Partners were worth $137,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BCGM Wealth Management LLC raised its stake 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 acquiring an additional 1,017 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Farmland Partners by 11.3% during the 3rd quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 1,182 shares during the period. Janney Montgomery Scott LLC increased its holdings in Farmland Partners by 1.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 96,816 shares of the financial services provider’s stock worth $1,139,000 after purchasing an additional 1,356 shares during the period. Park Avenue Securities LLC raised its position in Farmland Partners by 12.0% during the 4th 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 lifted its holdings in shares of Farmland Partners by 4.3% in the 3rd quarter. Capital Square LLC now owns 40,125 shares of the financial services provider’s stock worth $419,000 after buying an additional 1,637 shares during the period. 58.00% of the stock is owned by hedge funds and other institutional investors.

Farmland Partners Stock Performance

FPI stock opened at $12.41 on Monday. The firm has a 50-day simple moving average of $11.77 and a two-hundred day simple moving average of $11.34. Farmland Partners Inc. has a one year low of $9.70 and a one year high of $12.87. The firm has a market cap of $597.59 million, a price-to-earnings ratio of 12.41 and a beta of 0.69.

Farmland Partners (NYSE:FPI) last announced its 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. The company had revenue of $21.47 million during the quarter, compared to the consensus estimate of $20.29 million. Farmland Partners had a net margin of 102.89% and a return on equity of 11.47%. As a group, equities analysts predict that Farmland Partners Inc. will post 0.13 earnings per share for the current fiscal year.

Farmland Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.93%. The ex-dividend date is Tuesday, April 1st. Farmland Partners’s dividend payout ratio is currently 24.00%.

Insider Buying and Selling at Farmland Partners

In related news, Director John A. Good acquired 15,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $12.23 per share, for a total transaction of $183,450.00. Following the completion of the acquisition, the director now directly owns 101,465 shares in the company, valued at $1,240,916.95. The trade was a 17.35 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Farmland Partners 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.