MetLife Investment Management LLC Has $257,000 Position in Farmland Partners Inc. (NYSE:FPI)

MetLife Investment Management LLC decreased its stake in Farmland Partners Inc. (NYSE:FPI) by 9.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 24,635 shares of the financial services provider’s stock after selling 2,504 shares during the period. MetLife Investment Management LLC’s holdings in Farmland Partners were worth $257,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FPI. SG Americas Securities LLC bought a new position in Farmland Partners during the 2nd quarter worth approximately $101,000. GSA Capital Partners LLP acquired a new stake in Farmland Partners during the 3rd quarter worth about $105,000. D.A. Davidson & CO. lifted its stake in shares of Farmland Partners by 11.3% in the 3rd quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 1,182 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Farmland Partners by 22.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,107 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 2,183 shares in the last quarter. Finally, MQS Management LLC bought a new stake in Farmland Partners in the second quarter worth approximately $134,000. 58.00% of the stock is currently owned by institutional investors.

Farmland Partners Price Performance

Shares of Farmland Partners stock opened at $12.23 on Monday. The business has a 50-day simple moving average of $11.63 and a 200 day simple moving average of $11.06. Farmland Partners Inc. has a one year low of $9.70 and a one year high of $13.12. The firm has a market capitalization of $589.16 million, a price-to-earnings ratio of 43.68 and a beta of 0.70.

Farmland Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, January 2nd. Farmland Partners’s payout ratio is 85.71%.

Analysts Set New Price Targets

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

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.