Farmland Partners Inc. (NYSE:FPI) Shares Sold by Cherry Tree Wealth Management LLC

Cherry Tree Wealth Management LLC decreased its stake in Farmland Partners Inc. (NYSE:FPI) by 54.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,000 shares of the financial services provider’s stock after selling 13,000 shares during the quarter. Cherry Tree Wealth Management LLC’s holdings in Farmland Partners were worth $123,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BCGM Wealth Management LLC increased its position in shares of Farmland Partners by 0.4% during the fourth quarter. BCGM Wealth Management LLC now owns 262,358 shares of the financial services provider’s stock worth $3,085,000 after purchasing an additional 1,017 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Farmland Partners by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,230 shares of the financial services provider’s stock worth $297,000 after purchasing an additional 1,064 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Farmland Partners by 3.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 41,390 shares of the financial services provider’s stock worth $487,000 after buying an additional 1,200 shares in the last quarter. Annex Advisory Services LLC grew its holdings in shares of Farmland Partners by 1.5% during the first quarter. Annex Advisory Services LLC now owns 102,483 shares of the financial services provider’s stock worth $1,143,000 after buying an additional 1,550 shares in the last quarter. Finally, Park Avenue Securities LLC raised its position in shares of Farmland Partners by 13.0% in the first quarter. Park Avenue Securities LLC now owns 16,764 shares of the financial services provider’s stock valued at $187,000 after buying an additional 1,934 shares during the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a research report on Saturday, May 31st.

Farmland Partners Price Performance

Shares of Farmland Partners stock opened at $11.39 on Friday. The stock’s 50 day simple moving average is $10.66 and its 200-day simple moving average is $11.22. The stock has a market cap of $523.64 million, a P/E ratio of 11.16 and a beta of 0.84. Farmland Partners Inc. has a 1-year low of $9.66 and a 1-year high of $12.87.

Farmland Partners (NYSE:FPI) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $6.97 million for the quarter, compared to analysts’ expectations of $9.49 million. Farmland Partners had a return on equity of 11.95% and a net margin of 107.24%. As a group, research analysts expect that Farmland Partners Inc. will post 0.13 EPS for the current fiscal year.

Farmland Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Tuesday, July 1st. Farmland Partners’s dividend payout ratio is currently 23.53%.

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.