Arbor Capital Management Inc. ADV Cuts Stock Holdings in Farmland Partners Inc. (NYSE:FPI)

Arbor Capital Management Inc. ADV cut its holdings in Farmland Partners Inc. (NYSE:FPI) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,319 shares of the financial services provider’s stock after selling 2,814 shares during the quarter. Arbor Capital Management Inc. ADV owned approximately 0.07% of Farmland Partners worth $387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of FPI. Meriwether Wealth & Planning LLC purchased a new stake in Farmland Partners in the fourth quarter worth about $119,000. Global Alpha Capital Management Ltd. lifted its holdings in shares of Farmland Partners by 9.2% during the fourth 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 purchasing an additional 284,000 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Farmland Partners during the fourth quarter valued at approximately $3,490,000. Promus Capital LLC purchased a new position in shares of Farmland Partners during the fourth quarter valued at approximately $56,000. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of Farmland Partners during the fourth quarter valued at approximately $191,000. 58.00% of the stock is owned by institutional investors.

Insider Activity

In other Farmland Partners news, Director John A. Good acquired 15,000 shares of the business’s stock in a transaction dated 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.50% of the company’s stock.

Farmland Partners Trading Up 1.8 %

NYSE:FPI opened at $10.92 on Monday. Farmland Partners Inc. has a 12 month low of $9.70 and a 12 month high of $12.87. The company has a market cap of $500.93 million, a PE ratio of 10.92 and a beta of 0.66. The company has a 50 day simple moving average of $11.60 and a two-hundred day simple moving average of $11.47.

Farmland Partners (NYSE:FPI) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Farmland Partners had a net margin of 102.89% and a return on equity of 11.47%. The business had revenue of $21.47 million during the quarter, compared to the consensus estimate of $20.29 million. Research analysts forecast that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Tuesday, April 1st. Farmland Partners’s payout ratio is 24.00%.

Wall Street Analyst Weigh In

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

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.