Squarepoint Ops LLC Makes New Investment in Farmland Partners Inc. $FPI

Squarepoint Ops LLC acquired a new stake in Farmland Partners Inc. (NYSE:FPI) in the 2nd quarter, Holdings Channel reports. The fund acquired 54,373 shares of the financial services provider’s stock, valued at approximately $626,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FPI. Ameritas Advisory Services LLC acquired a new position in shares of Farmland Partners during the 2nd quarter valued at $28,000. Gables Capital Management Inc. bought a new position in Farmland Partners during the second quarter valued at about $40,000. Tower Research Capital LLC TRC grew its holdings in Farmland Partners by 218.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 2,886 shares during the period. Strs Ohio bought a new stake in Farmland Partners in the first quarter worth about $96,000. Finally, American Century Companies Inc. bought a new stake in Farmland Partners in the second quarter worth about $137,000. Institutional investors own 58.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FPI. Wall Street Zen lowered shares of Farmland Partners from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Farmland Partners in a research note on Monday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Farmland Partners currently has a consensus rating of “Hold”.

Farmland Partners Trading Down 1.9%

Shares of FPI opened at $9.79 on Wednesday. The business’s 50-day moving average price is $9.95 and its 200 day moving average price is $10.63. The stock has a market capitalization of $421.73 million, a P/E ratio of 8.15 and a beta of 0.76. Farmland Partners Inc. has a 1-year low of $9.36 and a 1-year high of $12.87.

Farmland Partners (NYSE:FPI) last announced its earnings results on Wednesday, October 29th. The financial services provider reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $11.25 million during the quarter, compared to analysts’ expectations of $10.59 million. Farmland Partners had a net margin of 130.10% and a return on equity of 14.37%. Farmland Partners has set its FY 2025 guidance at 0.320-0.360 EPS. On average, research analysts predict that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, December 23rd. Farmland Partners’s payout ratio is presently 20.00%.

Insider Transactions at Farmland Partners

In other Farmland Partners news, Director John A. Good bought 3,000 shares of Farmland Partners stock in a transaction dated Monday, December 15th. The stock was bought at an average price of $10.20 per share, for a total transaction of $30,600.00. Following the completion of the acquisition, the director directly owned 15,100 shares of the company’s stock, valued at approximately $154,020. This trade represents a 24.79% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.70% of the stock is currently owned by company insiders.

Farmland Partners Profile

Farmland Partners Inc is a real estate investment trust (REIT) that acquires and manages high-quality farmland in the United States. The company’s primary business activity is the ownership of agricultural land, which it leases to farmers under various rental arrangements designed to generate stable cash rents and long-term capital appreciation. By focusing on farmland as a real asset, the company seeks to benefit from rising global demand for food, fiber and renewable fuels.

Founded in 2013 and headquartered in Scottsdale, Arizona, Farmland Partners completed its initial public offering in June 2017 and began trading on the New York Stock Exchange under the ticker FPI.