Cetera Advisor Networks LLC lifted its position in Farmland Partners Inc (NYSE:FPI) by 69.7% during the 1st quarter, Holdings Channel reports. The firm owned 34,467 shares of the financial services provider’s stock after acquiring an additional 14,156 shares during the period. Cetera Advisor Networks LLC’s holdings in Farmland Partners were worth $221,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of FPI. Taylor Frigon Capital Management LLC lifted its stake in Farmland Partners by 28.6% in the fourth quarter. Taylor Frigon Capital Management LLC now owns 187,224 shares of the financial services provider’s stock worth $850,000 after acquiring an additional 41,626 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in Farmland Partners in the fourth quarter worth $184,000. Vanguard Group Inc. lifted its stake in Farmland Partners by 7.1% in the third quarter. Vanguard Group Inc. now owns 3,253,190 shares of the financial services provider’s stock worth $21,797,000 after acquiring an additional 215,781 shares during the period. BlackRock Inc. lifted its stake in Farmland Partners by 0.5% in the third quarter. BlackRock Inc. now owns 2,096,289 shares of the financial services provider’s stock worth $14,045,000 after acquiring an additional 10,175 shares during the period. Finally, HRT Financial LLC purchased a new stake in Farmland Partners in the fourth quarter worth $366,000. Hedge funds and other institutional investors own 46.16% of the company’s stock.

Shares of FPI stock opened at $6.07 on Monday. Farmland Partners Inc has a 52 week low of $4.45 and a 52 week high of $9.19. The firm has a market capitalization of $204.88 million, a P/E ratio of 27.59 and a beta of 0.66.

Farmland Partners (NYSE:FPI) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). Farmland Partners had a return on equity of 3.47% and a net margin of 21.18%. The business had revenue of $10.89 million during the quarter, compared to analysts’ expectations of $11.30 million. As a group, analysts expect that Farmland Partners Inc will post 0.22 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Friday, June 28th. Farmland Partners’s payout ratio is 83.33%.

A number of brokerages recently commented on FPI. Zacks Investment Research raised Farmland Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. ValuEngine raised Farmland Partners from a “sell” rating to a “hold” rating in a research note on Monday, February 4th.

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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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Institutional Ownership by Quarter for Farmland Partners (NYSE:FPI)

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