Farmland Partners Inc. (NYSE:FPI) Short Interest Update

Farmland Partners Inc. (NYSE:FPI) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 3,690,000 shares, an increase of 5.1% from the August 15th total of 3,510,000 shares. Based on an average trading volume of 329,900 shares, the short-interest ratio is presently 11.2 days.

Farmland Partners Stock Up 0.8 %

Shares of Farmland Partners stock traded up $0.08 on Thursday, reaching $10.47. The company’s stock had a trading volume of 62,737 shares, compared to its average volume of 328,688. The stock has a 50-day moving average price of $10.49 and a 200-day moving average price of $10.83. Farmland Partners has a 52-week low of $9.70 and a 52-week high of $13.12. The company has a market capitalization of $504.31 million, a P/E ratio of 20.37 and a beta of 0.71.

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

Farmland Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Tuesday, October 1st. Farmland Partners’s dividend payout ratio (DPR) is 47.06%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, Director John A. Good acquired 24,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average price of $10.15 per share, for a total transaction of $243,600.00. Following the completion of the transaction, the director now directly owns 86,465 shares in the company, valued at approximately $877,619.75. The acquisition was disclosed in a filing with the SEC, which is available through this link. 8.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Farmland Partners

Several large investors have recently modified their holdings of the company. Chesapeake Capital Corp IL acquired a new position in Farmland Partners during the fourth quarter worth about $148,000. Los Angeles Capital Management LLC purchased a new stake in Farmland Partners during the 2nd quarter worth $1,853,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Farmland Partners by 11.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,855 shares of the financial services provider’s stock valued at $143,000 after buying an additional 1,286 shares during the period. Principal Securities Inc. purchased a new stake in shares of Farmland Partners during the fourth quarter valued at approximately $110,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Farmland Partners in the 1st quarter worth $196,000. 58.00% of the stock is owned by institutional investors and hedge funds.

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.