10,509 Shares in Farmland Partners Inc. (NYSE:FPI) Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC bought a new position in shares of Farmland Partners Inc. (NYSE:FPI) during the first quarter, Holdings Channel reports. The fund bought 10,509 shares of the financial services provider’s stock, valued at approximately $117,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Annex Advisory Services LLC bought a new stake in Farmland Partners during the 4th quarter worth approximately $459,000. Presima Securities ULC bought a new stake in Farmland Partners during the 4th quarter worth approximately $312,000. Chesapeake Capital Corp IL bought a new stake in Farmland Partners during the 4th quarter worth approximately $148,000. Quest Partners LLC bought a new stake in Farmland Partners during the 4th quarter worth approximately $416,000. Finally, BCGM Wealth Management LLC increased its holdings in Farmland Partners by 4.8% during the 4th quarter. BCGM Wealth Management LLC now owns 250,567 shares of the financial services provider’s stock worth $3,127,000 after acquiring an additional 11,462 shares during the period. Institutional investors own 58.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Farmland Partners from a “hold” rating to a “sell” rating in a report on Tuesday, June 18th.

Farmland Partners Price Performance

Shares of NYSE:FPI opened at $11.21 on Wednesday. The company’s fifty day moving average price is $11.15 and its 200-day moving average price is $11.26. The firm has a market capitalization of $539.74 million, a price-to-earnings ratio of 21.97 and a beta of 0.71. Farmland Partners Inc. has a one year low of $9.95 and a one year high of $13.27.

Farmland Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Monday, July 1st. Farmland Partners’s payout ratio is 47.06%.

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.