Farmland Partners (NYSE:FPI) Sees Strong Trading Volume – Still a Buy?

Farmland Partners Inc. (NYSE:FPI) saw unusually-high trading volume on Thursday . Approximately 1,315,670 shares traded hands during trading, an increase of 304% from the previous session’s volume of 325,499 shares.The stock last traded at $12.38 and had previously closed at $12.41.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Farmland Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 9th.

Farmland Partners Trading Up 1.6 %

The company has a market capitalization of $604.53 million, a PE ratio of 44.82 and a beta of 0.69. The firm has a 50 day simple moving average of $11.19 and a two-hundred day simple moving average of $10.96.

Farmland Partners Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Thursday, January 2nd. This represents a $0.24 dividend on an annualized basis and a yield of 1.91%. Farmland Partners’s dividend payout ratio (DPR) is 85.71%.

Institutional Trading of Farmland Partners

Several hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in shares of Farmland Partners during the first quarter worth about $35,000. EntryPoint Capital LLC increased its position in Farmland Partners by 68.9% during the 1st quarter. EntryPoint Capital LLC now owns 4,801 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,959 shares during the period. SG Americas Securities LLC acquired a new position in Farmland Partners during the 2nd quarter worth approximately $101,000. GSA Capital Partners LLP purchased a new position in shares of Farmland Partners during the 3rd quarter worth approximately $105,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Farmland Partners in the 3rd quarter valued at approximately $111,000. 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.