Gamco Investors INC. ET AL Grows Position in Farmland Partners Inc. (NYSE:FPI)

Gamco Investors INC. ET AL grew its position in shares of Farmland Partners Inc. (NYSE:FPI) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,390 shares of the financial services provider’s stock after purchasing an additional 1,200 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.09% of Farmland Partners worth $487,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Farmland Partners in the fourth quarter valued at approximately $3,490,000. Global Alpha Capital Management Ltd. lifted its position in shares of Farmland Partners by 9.2% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 3,387,769 shares of the financial services provider’s stock valued at $39,840,000 after buying an additional 284,000 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Farmland Partners by 93.4% in the 4th quarter. JPMorgan Chase & Co. now owns 243,045 shares of the financial services provider’s stock valued at $2,858,000 after acquiring an additional 117,350 shares during the period. Accordant Advisory Group Inc increased its holdings in Farmland Partners by 9.9% in 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. Finally, Stifel Financial Corp raised its position in Farmland Partners by 130.0% during the third quarter. Stifel Financial Corp now owns 111,254 shares of the financial services provider’s stock worth $1,163,000 after acquiring an additional 62,875 shares during the period. 58.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Farmland Partners Price Performance

Shares of Farmland Partners stock opened at $10.00 on Friday. The stock has a market capitalization of $459.67 million, a P/E ratio of 10.00 and a beta of 0.78. The business has a 50 day simple moving average of $11.02 and a two-hundred day simple moving average of $11.50. Farmland Partners Inc. has a 12 month low of $9.66 and a 12 month high of $12.87.

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

Farmland Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Tuesday, April 1st. Farmland Partners’s dividend payout ratio is currently 24.00%.

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.