Bard Associates Inc. lowered its holdings in Farmland Partners Inc. (NYSE:FPI – Free Report) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,094 shares of the financial services provider’s stock after selling 17,685 shares during the quarter. Bard Associates Inc. owned 0.42% of Farmland Partners worth $2,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Lazard Asset Management LLC purchased a new stake in Farmland Partners in the first quarter worth about $35,000. EntryPoint Capital LLC increased its holdings in Farmland Partners by 68.9% in the 1st quarter. EntryPoint Capital LLC now owns 4,801 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 1,959 shares in the last quarter. SG Americas Securities LLC bought a new stake in Farmland Partners during the 2nd quarter worth approximately $101,000. GSA Capital Partners LLP purchased a new position in Farmland Partners during the third quarter valued at approximately $105,000. Finally, MQS Management LLC bought a new position in shares of Farmland Partners in the second quarter worth approximately $134,000. 58.00% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
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 Stock Performance
NYSE FPI opened at $12.08 on Friday. The company has a market cap of $581.89 million, a P/E ratio of 43.13 and a beta of 0.69. Farmland Partners Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $13.12. The business’s 50 day moving average price is $10.93 and its 200-day moving average price is $10.91.
Farmland Partners Announces Dividend
The firm also recently announced 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 1.99%. The ex-dividend date of this dividend is Thursday, January 2nd. Farmland Partners’s payout ratio is 85.71%.
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.
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