Massachusetts Financial Services Co. MA Buys 52,330 Shares of Farmland Partners Inc. (NYSE:FPI)

Massachusetts Financial Services Co. MA increased its position in shares of Farmland Partners Inc. (NYSE:FPI) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,725,249 shares of the financial services provider’s stock after purchasing an additional 52,330 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.08% of Farmland Partners worth $43,809,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FPI. BCGM Wealth Management LLC raised its position in shares of Farmland Partners by 0.4% in the 4th quarter. BCGM Wealth Management LLC now owns 262,358 shares of the financial services provider’s stock valued at $3,085,000 after buying an additional 1,017 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Farmland Partners by 1.4% during the fourth 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 last quarter. Park Avenue Securities LLC boosted its holdings in shares of Farmland Partners by 12.0% in 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. Asset Management One Co. Ltd. increased its stake in shares of Farmland Partners by 3.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 64,605 shares of the financial services provider’s stock valued at $747,000 after purchasing an additional 2,121 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Farmland Partners by 2.8% during the 4th 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 in the last quarter. 58.00% of the stock is currently owned by institutional investors and hedge funds.

Farmland Partners Trading Down 2.6 %

Shares of Farmland Partners stock opened at $10.60 on Friday. The firm’s 50 day moving average is $11.42 and its 200 day moving average is $11.54. The firm has a market capitalization of $487.36 million, a PE ratio of 10.60 and a beta of 0.66. Farmland Partners Inc. has a 1 year low of $9.70 and a 1 year high of $12.87.

Farmland Partners (NYSE:FPI) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping 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 company had revenue of $21.47 million during the quarter, compared to the consensus estimate of $20.29 million. As a group, research analysts anticipate that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Announces Dividend

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 paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Tuesday, April 1st. Farmland Partners’s payout ratio is 24.00%.

Analysts Set New Price Targets

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

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.