Clark Capital Management Group Inc. Trims Holdings in Farmland Partners Inc. (NYSE:FPI)

Clark Capital Management Group Inc. lowered its position in Farmland Partners Inc. (NYSE:FPI) by 14.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 210,343 shares of the financial services provider’s stock after selling 34,292 shares during the period. Clark Capital Management Group Inc. owned approximately 0.44% of Farmland Partners worth $2,474,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of FPI. Massachusetts Financial Services Co. MA raised its stake in shares of Farmland Partners by 1.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,725,249 shares of the financial services provider’s stock valued at $43,809,000 after buying an additional 52,330 shares during the last quarter. Global Alpha Capital Management Ltd. grew its holdings in 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 worth $39,840,000 after acquiring an additional 284,000 shares during the period. Accordant Advisory Group Inc raised its position in Farmland Partners by 9.9% during the fourth quarter. Accordant Advisory Group Inc now owns 893,712 shares of the financial services provider’s stock valued at $10,510,000 after acquiring an additional 80,736 shares in the last quarter. Deutsche Bank AG lifted its holdings in Farmland Partners by 0.4% in the fourth quarter. Deutsche Bank AG now owns 874,758 shares of the financial services provider’s stock valued at $10,287,000 after acquiring an additional 3,501 shares during the period. Finally, Northern Trust Corp boosted its position in Farmland Partners by 8.6% in the 4th quarter. Northern Trust Corp now owns 455,094 shares of the financial services provider’s stock worth $5,352,000 after purchasing an additional 35,993 shares in the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Farmland Partners Stock Performance

Shares of Farmland Partners stock opened at $10.10 on Friday. The firm has a 50-day simple moving average of $10.49 and a two-hundred day simple moving average of $11.42. Farmland Partners Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $12.87. The company has a market cap of $464.50 million, a P/E ratio of 10.10 and a beta of 0.82.

Farmland Partners (NYSE:FPI) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Farmland Partners had a return on equity of 11.47% and a net margin of 102.89%. The business had revenue of $6.97 million during the quarter, compared to analyst estimates of $9.49 million. Equities research analysts forecast that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, July 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.38%. Farmland Partners’s dividend payout ratio (DPR) is 24.00%.

Farmland Partners 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.