Farmland Partners (NYSE:FPI) Raised to “Hold” at StockNews.com

Farmland Partners (NYSE:FPI) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Farmland Partners Price Performance

FPI opened at $11.60 on Thursday. The stock has a market capitalization of $558.53 million, a PE ratio of 41.43 and a beta of 0.70. Farmland Partners has a 12-month low of $9.70 and a 12-month high of $13.12. The firm’s fifty day moving average price is $10.58 and its 200 day moving average price is $10.82.

Insider Activity at Farmland Partners

In other Farmland Partners news, Director John A. Good purchased 24,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were bought at an average cost of $10.15 per share, with a total value of $243,600.00. Following the completion of the acquisition, the director now owns 86,465 shares of the company’s stock, valued at approximately $877,619.75. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Farmland Partners

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC acquired a new stake in shares of Farmland Partners during the first quarter valued at approximately $35,000. EntryPoint Capital LLC raised its stake in Farmland Partners by 68.9% during the 1st 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. SG Americas Securities LLC acquired a new stake in shares of Farmland Partners in the second quarter worth $101,000. MQS Management LLC acquired a new stake in shares of Farmland Partners in the second quarter worth $134,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Farmland Partners by 11.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,855 shares of the financial services provider’s stock valued at $143,000 after buying an additional 1,286 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.