EntryPoint Capital LLC Acquires 1,959 Shares of Farmland Partners Inc. (NYSE:FPI)

EntryPoint Capital LLC increased its shares in Farmland Partners Inc. (NYSE:FPI – Free Report) by 68.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,801 shares of the financial services company after purchasing an additional 1,959 shares during the period. EntryPoint Capital LLC’s shares in Farmland Partners were worth $53,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company recently. Capital Square LLC increased its stake in shares of Farmland Partners by 13.7% in the first quarter. Capital Square LLC now owns 19,116 shares of the financial services provider’s stock worth $212,000 after acquiring an additional 2,308 shares in the last quarter. BCGM Wealth Management LLC increased its position in Farmland Partners by 3.8% in the first quarter. BCGM Wealth Management LLC now owns 260,134 shares of the financial services provider’s stock worth $2,887,000 after acquiring an additional 9,567 shares during the period. Hilltop National Bank acquired a new position in Farmland Partners in the first quarter worth approximately $242,000. BNP Paribas Financial Markets increased its position in shares of Farmland Partners by 95.2% in the first quarter. BNP Paribas Financial Markets now owns 25,899 shares of the financial services provider worth $287,000 after purchasing an additional 12,628 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in Farmland Partners during the 1st quarter worth $196,000. 58.00% of the shares are held by institutional investors and hedge funds.

Analysts set new price targets

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

View our latest analysis on Farmland Partners

Price development Farmland Partners

NYSE:FPI opened Friday at $10.46. The stock has a market cap of $503.86 million, a price-to-earnings ratio of 20.51 and a beta of 0.71. The company has a 50-day moving average price of $11.24 and a 200-day moving average price of $11.13. Farmland Partners Inc. has a one-year low of $9.95 and a one-year high of $13.27.

Farmland Partners (NYSE:FPI – Get Free Report) last announced quarterly earnings results on Wednesday, July 24. The financial services company reported ($0.06) EPS 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 3.96%. The company had revenue of $11.45 million for the quarter, compared to analyst estimates of $11.84 million. In the same period last year, the company reported ($0.02) EPS. As a group, equities research analysts expect Farmland Partners Inc. to report 0.19 EPS for the current year.

Farmland Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will receive a dividend of $0.06 per share. The ex-dividend date is Tuesday, October 1st. This represents a dividend of $0.24 annualized and a yield of 2.29%. Farmland Partners’ dividend payout ratio currently stands at 47.06%.

Company Profile of Farmland Partners

(Free Report)

Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and provides 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.

Read further

Want to know which other hedge funds own FPI? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Farmland Partners Inc. (NYSE:FPI – Free Report).

Get daily news and reviews for Farmland Partners – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings on Farmland Partners and related companies with MarketBeat.com’s FREE daily email newsletter.