Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Farmland Partners Inc (NYSE:FPI) by 10.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,775 shares of the financial services provider’s stock after acquiring an additional 3,688 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.13% of Farmland Partners worth $259,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new position in Farmland Partners in the second quarter valued at about $80,000. SG Americas Securities LLC acquired a new position in Farmland Partners in the second quarter valued at about $105,000. Sawtooth Solutions LLC grew its stake in Farmland Partners by 77.4% in the second quarter. Sawtooth Solutions LLC now owns 31,922 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 13,925 shares during the period. BlackRock Inc. grew its stake in Farmland Partners by 3.8% in the second quarter. BlackRock Inc. now owns 2,097,859 shares of the financial services provider’s stock valued at $14,790,000 after acquiring an additional 75,975 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Farmland Partners by 146.4% in the second quarter. Renaissance Technologies LLC now owns 91,900 shares of the financial services provider’s stock valued at $648,000 after acquiring an additional 54,600 shares during the period. 50.66% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have issued reports on FPI. ValuEngine raised Farmland Partners from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 6th. Zacks Investment Research raised Farmland Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, October 9th.
Farmland Partners (NYSE:FPI) last posted its earnings results on Monday, November 11th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). Farmland Partners had a net margin of 16.85% and a return on equity of 2.74%. The business had revenue of $9.85 million during the quarter, compared to analyst estimates of $12.03 million. As a group, equities analysts expect that Farmland Partners Inc will post 0.13 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.03%. Farmland Partners’s dividend payout ratio (DPR) is 83.33%.
About Farmland Partners
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 the date of this release, the Company owns approximately 162,000 acres in 17 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota, Texas and Virginia.
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