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

Arbor Capital Management Inc. ADV decreased its position in shares of Farmland Partners Inc. (NYSE:FPI) by 7.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,319 shares of the financial services provider’s stock after selling 2,814 shares during the quarter. Arbor Capital Management Inc. ADV’s holdings in Farmland Partners were worth $387,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its stake in shares of Farmland Partners by 470.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,944 shares of the financial services provider’s stock valued at $35,000 after buying an additional 2,428 shares in the last quarter. Promus Capital LLC purchased a new position in shares of Farmland Partners during the 4th quarter valued at $56,000. GSA Capital Partners LLP purchased a new position in shares of Farmland Partners during the 3rd quarter valued at $105,000. Meriwether Wealth & Planning LLC purchased a new position in shares of Farmland Partners during the 4th quarter valued at $119,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Farmland Partners during the 3rd quarter valued at $111,000. Hedge funds and other institutional investors own 58.00% of the company’s stock.

Farmland Partners Stock Up 1.8 %

Shares of FPI stock opened at $10.92 on Monday. The stock has a market cap of $500.93 million, a P/E ratio of 10.92 and a beta of 0.66. Farmland Partners Inc. has a 52 week low of $9.70 and a 52 week high of $12.87. The company’s fifty day simple moving average is $11.60 and its two-hundred day simple moving average is $11.47.

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

Farmland Partners Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Tuesday, April 1st. Farmland Partners’s dividend payout ratio is 24.00%.

Analyst Ratings Changes

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

Insider Activity

In other Farmland Partners news, Director John A. Good bought 15,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of $12.23 per share, for a total transaction of $183,450.00. Following the transaction, the director now owns 101,465 shares of the company’s stock, valued at $1,240,916.95. This represents a 17.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 9.50% of the company’s stock.

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.