Meriwether Wealth & Planning LLC Invests $119,000 in Farmland Partners Inc. (NYSE:FPI)

Meriwether Wealth & Planning LLC purchased a new position in shares of Farmland Partners Inc. (NYSE:FPI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,130 shares of the financial services provider’s stock, valued at approximately $119,000.

Several other large investors also recently made changes to their positions in FPI. State of New Jersey Common Pension Fund D boosted its stake in shares of Farmland Partners by 10.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 194,088 shares of the financial services provider’s stock worth $2,028,000 after acquiring an additional 18,465 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Farmland Partners during the 3rd quarter worth about $105,000. Aigen Investment Management LP bought a new stake in shares of Farmland Partners during the 3rd quarter worth about $173,000. MQS Management LLC boosted its stake in shares of Farmland Partners by 61.7% during the 3rd quarter. MQS Management LLC now owns 18,765 shares of the financial services provider’s stock worth $196,000 after acquiring an additional 7,160 shares in the last quarter. Finally, BCGM Wealth Management LLC boosted its stake in shares of Farmland Partners by 0.6% during the 3rd quarter. BCGM Wealth Management LLC now owns 261,341 shares of the financial services provider’s stock worth $2,731,000 after acquiring an additional 1,510 shares in the last quarter. Institutional investors own 58.00% of the company’s stock.

Farmland Partners Stock Up 0.5 %

Shares of NYSE:FPI opened at $11.16 on Monday. The business has a 50 day moving average price of $11.69 and a 200 day moving average price of $11.44. Farmland Partners Inc. has a twelve month low of $9.70 and a twelve month high of $12.87. The company has a market cap of $511.95 million, a price-to-earnings ratio of 11.16 and a beta of 0.66.

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. Farmland Partners had a return on equity of 11.47% and a net margin of 102.89%. The firm had revenue of $21.47 million during the quarter, compared to the consensus estimate of $20.29 million. Analysts anticipate that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Announces Dividend

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 paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.24 annualized dividend and a yield of 2.15%. Farmland Partners’s payout ratio is 24.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Farmland Partners from a “sell” rating to a “hold” rating in a research note on Friday, February 28th.

Insider Activity at Farmland Partners

In other news, Director John A. Good purchased 15,000 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of $12.23 per share, with a total value of $183,450.00. Following the acquisition, the director now directly owns 101,465 shares in the company, valued at approximately $1,240,916.95. The trade was a 17.35 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 8.30% of the stock is owned by corporate insiders.

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.