10,641 Shares in Farmland Partners Inc. (NYSE:FPI) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new stake in Farmland Partners Inc. (NYSE:FPI) in the 3rd quarter, Holdings Channel reports. The fund acquired 10,641 shares of the financial services provider’s stock, valued at approximately $111,000.

Several other hedge funds also recently made changes to their positions in FPI. Massachusetts Financial Services Co. MA lifted its holdings in shares of Farmland Partners by 6.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,672,919 shares of the financial services provider’s stock valued at $38,382,000 after purchasing an additional 211,181 shares during the last quarter. Accordant Advisory Group Inc lifted its stake in Farmland Partners by 56.9% in the third quarter. Accordant Advisory Group Inc now owns 812,976 shares of the financial services provider’s stock valued at $8,496,000 after buying an additional 294,980 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Farmland Partners by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 370,291 shares of the financial services provider’s stock valued at $3,870,000 after acquiring an additional 19,805 shares during the period. BCGM Wealth Management LLC grew its position in shares of 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 worth $2,731,000 after acquiring an additional 1,510 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Farmland Partners by 5.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 255,843 shares of the financial services provider’s stock valued at $2,950,000 after acquiring an additional 14,233 shares during the period. Hedge funds and other institutional investors own 58.00% of the company’s stock.

Farmland Partners Stock Up 3.8 %

Shares of FPI stock opened at $12.66 on Friday. The stock’s 50-day moving average price is $11.82 and its 200 day moving average price is $11.11. The stock has a market capitalization of $609.59 million, a PE ratio of 45.20 and a beta of 0.70. Farmland Partners Inc. has a 52-week low of $9.70 and a 52-week high of $13.12.

Farmland Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Thursday, January 2nd. Farmland Partners’s dividend payout ratio (DPR) is presently 85.71%.

Wall Street Analyst Weigh In

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

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.