Farmland Partners Inc. (NYSE:FPI) Position Raised by Accordant Advisory Group Inc

Accordant Advisory Group Inc raised its stake in shares of Farmland Partners Inc. (NYSE:FPI) by 9.9% during the fourth quarter, HoldingsChannel reports. The firm owned 893,712 shares of the financial services provider’s stock after buying an additional 80,736 shares during the quarter. Farmland Partners comprises 10.1% of Accordant Advisory Group Inc’s holdings, making the stock its largest position. Accordant Advisory Group Inc’s holdings in Farmland Partners were worth $10,510,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in shares of Farmland Partners during the second quarter valued at approximately $363,000. SG Americas Securities LLC grew its stake in shares of Farmland Partners by 82.6% during the third quarter. SG Americas Securities LLC now owns 16,053 shares of the financial services provider’s stock valued at $168,000 after buying an additional 7,264 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Farmland Partners by 14.5% during the third quarter. Park Avenue Securities LLC now owns 13,241 shares of the financial services provider’s stock valued at $138,000 after buying an additional 1,679 shares during the last quarter. Annex Advisory Services LLC grew its stake in shares of Farmland Partners by 36.7% during the third quarter. Annex Advisory Services LLC now owns 71,509 shares of the financial services provider’s stock valued at $747,000 after buying an additional 19,204 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Farmland Partners during the third quarter valued at approximately $1,700,000. 58.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Farmland Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th.

Farmland Partners Stock Down 0.3 %

Shares of NYSE:FPI opened at $11.65 on Wednesday. Farmland Partners Inc. has a 52-week low of $9.70 and a 52-week high of $12.85. The stock has a market cap of $561.28 million, a P/E ratio of 41.61 and a beta of 0.70. The business’s 50 day moving average is $12.00 and its 200 day moving average is $11.22.

Farmland Partners (NYSE:FPI) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The business had revenue of $13.32 million for the quarter, compared to analysts’ expectations of $11.88 million. Farmland Partners had a return on equity of 3.53% and a net margin of 31.68%. During the same quarter last year, the firm earned ($0.01) EPS. On average, sell-side analysts anticipate that Farmland Partners Inc. will post 0.19 EPS for the current fiscal year.

Farmland Partners Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, December 23rd. This is a boost from Farmland Partners’s previous dividend of $0.13. Farmland Partners’s dividend payout ratio (DPR) is 85.71%.

Insider Buying and Selling at Farmland Partners

In other Farmland Partners news, Director John A. Good acquired 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 acquisition, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.30% of the company’s stock.

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.