Farmland Partners (NYSE:FPI) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Farmland Partners (NYSE:FPI) from a sell rating to a hold rating in a report released on Saturday.

Farmland Partners Stock Up 0.1 %

NYSE FPI opened at $12.31 on Friday. The company has a market capitalization of $592.97 million, a price-to-earnings ratio of 43.96 and a beta of 0.69. Farmland Partners has a twelve month low of $9.70 and a twelve month high of $13.12. The stock has a fifty day simple moving average of $10.85 and a 200 day simple moving average of $10.89.

Farmland Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.24 dividend on an annualized basis and a yield of 1.95%. Farmland Partners’s dividend payout ratio (DPR) is currently 85.71%.

Institutional Trading of Farmland Partners

A number of institutional investors have recently bought and sold shares of the company. Quest Partners LLC boosted its position in Farmland Partners by 10.0% during the third quarter. Quest Partners LLC now owns 57,985 shares of the financial services provider’s stock valued at $606,000 after acquiring an additional 5,293 shares during the last quarter. BCGM Wealth Management LLC boosted its position in Farmland Partners by 0.6% during the third quarter. BCGM Wealth Management LLC now owns 261,341 shares of the financial services provider’s stock valued at $2,731,000 after acquiring an additional 1,510 shares during the last quarter. MQS Management LLC boosted its position in Farmland Partners by 61.7% during the third quarter. MQS Management LLC now owns 18,765 shares of the financial services provider’s stock valued at $196,000 after acquiring an additional 7,160 shares during the last quarter. Aigen Investment Management LP bought a new stake in Farmland Partners during the third quarter valued at $173,000. Finally, GSA Capital Partners LLP bought a new stake in Farmland Partners during the third quarter valued at $105,000. Institutional investors own 58.00% of the company’s stock.

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.