Farmland Partners (NYSE:FPI) Upgraded at StockNews.com

StockNews.com upgraded shares of Farmland Partners (NYSE:FPI) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Farmland Partners Trading Up 0.1 %

FPI stock opened at $12.31 on Friday. The business’s 50-day moving average price is $10.85 and its two-hundred day moving average price is $10.89. The firm has a market cap of $592.97 million, a PE ratio of 43.96 and a beta of 0.69. Farmland Partners has a 1-year low of $9.70 and a 1-year high of $13.12.

Farmland Partners Announces Dividend

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

Institutional Trading of Farmland Partners

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new position in Farmland Partners during the first quarter worth approximately $196,000. BNP Paribas Financial Markets increased its position in Farmland Partners by 95.2% during the first quarter. BNP Paribas Financial Markets now owns 25,899 shares of the financial services provider’s stock worth $287,000 after buying an additional 12,628 shares during the last quarter. Capital Square LLC increased its position in Farmland Partners by 13.7% during the first quarter. Capital Square LLC now owns 19,116 shares of the financial services provider’s stock worth $212,000 after buying an additional 2,308 shares during the last quarter. EntryPoint Capital LLC increased its position in Farmland Partners by 68.9% during the first quarter. EntryPoint Capital LLC now owns 4,801 shares of the financial services provider’s stock worth $53,000 after buying an additional 1,959 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its position in Farmland Partners by 11.5% during the first quarter. Gamco Investors INC. ET AL now owns 62,390 shares of the financial services provider’s stock worth $693,000 after buying an additional 6,450 shares during the last quarter. Institutional investors and hedge funds 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.