Annex Advisory Services LLC Raises Position in Farmland Partners Inc. (NYSE:FPI)

Annex Advisory Services LLC lifted its stake in Farmland Partners Inc. (NYSE:FPI) by 36.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 71,509 shares of the financial services provider’s stock after purchasing an additional 19,204 shares during the quarter. Annex Advisory Services LLC’s holdings in Farmland Partners were worth $747,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Lazard Asset Management LLC bought a new position in shares of Farmland Partners during the first quarter valued at approximately $35,000. EntryPoint Capital LLC grew its position in Farmland Partners by 68.9% in the 1st quarter. EntryPoint Capital LLC now owns 4,801 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 1,959 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Farmland Partners in the second quarter worth $101,000. Park Avenue Securities LLC bought a new stake in shares of Farmland Partners during the first quarter worth $117,000. Finally, MQS Management LLC purchased a new stake in shares of Farmland Partners during the second quarter valued at $134,000. Institutional investors own 58.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Farmland Partners from a “hold” rating to a “sell” rating in a research note on Thursday, July 25th.

Farmland Partners Stock Up 0.8 %

Shares of NYSE:FPI opened at $10.70 on Monday. The business’s 50 day moving average is $10.30 and its 200 day moving average is $10.79. The stock has a market cap of $515.39 million, a P/E ratio of 20.98 and a beta of 0.70. Farmland Partners Inc. has a 52-week low of $9.70 and a 52-week high of $13.12.

Farmland Partners (NYSE:FPI) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The firm had revenue of $11.45 million for the quarter, compared to the consensus estimate of $11.84 million. Farmland Partners had a return on equity of 3.97% and a net margin of 36.89%. During the same period in the previous year, the company posted ($0.02) EPS. On average, sell-side analysts anticipate that Farmland Partners Inc. will post 0.18 EPS for the current fiscal year.

Farmland Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.24 annualized dividend and a dividend yield of 2.24%. Farmland Partners’s payout ratio is presently 47.06%.

Insider Activity

In other Farmland Partners news, Director John A. Good acquired 24,000 shares of Farmland Partners stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of $10.15 per share, with a total value of $243,600.00. Following the completion of the purchase, the director now directly owns 86,465 shares of the company’s stock, valued at approximately $877,619.75. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.30% of the company’s stock.

About Farmland Partners

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.