Squarepoint Ops LLC Has $172,000 Holdings in Farmland Partners Inc. (NYSE:FPI)

Squarepoint Ops LLC decreased its position in shares of Farmland Partners Inc. (NYSE:FPI) by 22.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,886 shares of the financial services provider’s stock after selling 4,240 shares during the quarter. Squarepoint Ops LLC’s holdings in Farmland Partners were worth $172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new stake in Farmland Partners during the 1st quarter valued at approximately $35,000. EntryPoint Capital LLC boosted its holdings in Farmland Partners by 68.9% during the 1st quarter. EntryPoint Capital LLC now owns 4,801 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 1,959 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Farmland Partners in the 2nd quarter worth about $101,000. Park Avenue Securities LLC purchased a new position in shares of Farmland Partners in the 1st quarter worth about $117,000. Finally, MQS Management LLC purchased a new position in shares of Farmland Partners in the 2nd quarter worth about $134,000. Institutional investors own 58.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Farmland Partners Price Performance

Shares of NYSE FPI opened at $10.70 on Monday. Farmland Partners Inc. has a one year low of $9.70 and a one year high of $13.12. The firm’s 50 day simple moving average is $10.30 and its two-hundred day simple moving average is $10.79. The stock has a market capitalization of $515.39 million, a P/E ratio of 20.98 and a beta of 0.70.

Farmland Partners (NYSE:FPI) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). Farmland Partners had a net margin of 36.89% and a return on equity of 3.97%. The company had revenue of $11.45 million for the quarter, compared to analysts’ expectations of $11.84 million. During the same period last year, the company posted ($0.02) EPS. As a group, equities analysts expect that Farmland Partners Inc. will post 0.18 earnings per share for the current fiscal year.

Farmland Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $0.06 per share. The ex-dividend date 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 cost of $10.15 per share, for a total transaction of $243,600.00. Following the acquisition, the director now owns 86,465 shares of the company’s stock, valued at $877,619.75. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.30% 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.