Farmland Partners Inc. (NYSE:FPI) Director John A. Good Acquires 15,000 Shares

Farmland Partners Inc. (NYSE:FPI) Director John A. Good acquired 15,000 shares of the stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $12.23 per share, for a total transaction of $183,450.00. Following the completion of the purchase, the director now directly owns 101,465 shares in the company, valued at $1,240,916.95. The trade was a 17.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Farmland Partners Stock Performance

Shares of FPI stock traded up $0.22 during midday trading on Friday, hitting $12.32. 1,170,332 shares of the company were exchanged, compared to its average volume of 333,891. The firm has a market capitalization of $593.49 million, a P/E ratio of 44.00 and a beta of 0.70. The firm’s 50 day moving average price is $11.95 and its two-hundred day moving average price is $11.15. Farmland Partners Inc. has a 52 week low of $9.70 and a 52 week high of $13.04.

Farmland Partners Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, January 8th. Investors of record on Monday, December 23rd will be issued a dividend of $1.15 per share. This is an increase from Farmland Partners’s previous dividend of $0.13. The ex-dividend date of this dividend is Monday, December 23rd. Farmland Partners’s payout ratio is presently 85.71%.

Analysts Set New Price Targets

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

Institutional Trading of Farmland Partners

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in Farmland Partners in the 3rd quarter valued at about $123,000. Barclays PLC boosted its holdings in Farmland Partners by 221.7% in the 3rd quarter. Barclays PLC now owns 68,150 shares of the financial services provider’s stock valued at $712,000 after purchasing an additional 46,968 shares during the period. Geode Capital Management LLC boosted its holdings in Farmland Partners by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,136,338 shares of the financial services provider’s stock valued at $11,877,000 after purchasing an additional 8,413 shares during the period. Jane Street Group LLC boosted its holdings in Farmland Partners by 41.3% in the 3rd quarter. Jane Street Group LLC now owns 62,118 shares of the financial services provider’s stock valued at $649,000 after purchasing an additional 18,152 shares during the period. Finally, State Street Corp boosted its holdings in Farmland Partners by 1.4% in the 3rd quarter. State Street Corp now owns 1,136,755 shares of the financial services provider’s stock valued at $11,879,000 after purchasing an additional 15,638 shares during the period. Institutional investors own 58.00% of the company’s stock.

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 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.