Farmland Partners (NYSE:FPI) Stock Rating Lowered by StockNews.com

Farmland Partners (NYSE:FPI) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

Farmland Partners Stock Down 0.1 %

FPI opened at $11.69 on Tuesday. The firm has a market cap of $563.11 million, a P/E ratio of 22.92 and a beta of 0.74. The business’s fifty day simple moving average is $10.98 and its 200 day simple moving average is $11.34. Farmland Partners has a 52 week low of $9.95 and a 52 week high of $13.27.

Hedge Funds Weigh In On Farmland Partners

A number of institutional investors have recently added to or reduced their stakes in FPI. Price T Rowe Associates Inc. MD boosted its holdings in Farmland Partners by 11.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,855 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,286 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Farmland Partners during the first quarter worth approximately $35,000. Gamco Investors INC. ET AL grew its holdings in Farmland Partners by 11.5% in the 1st 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 in the last quarter. EntryPoint Capital LLC increased its holdings in shares of Farmland Partners by 68.9% during the first quarter. EntryPoint Capital LLC now owns 4,801 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,959 shares during the period. Finally, Capital Square LLC raised its position in shares of Farmland Partners by 13.7% during the 1st 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 in the last quarter. Institutional investors and hedge funds 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.