Verition Fund Management LLC Grows Stock Position in Farmland Partners Inc. (NYSE:FPI)

Verition Fund Management LLC increased its stake in shares of Farmland Partners Inc. (NYSE:FPI) by 9.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,300 shares of the financial services provider’s stock after purchasing an additional 2,300 shares during the quarter. Verition Fund Management LLC owned 0.06% of Farmland Partners worth $285,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of Farmland Partners during the second quarter worth about $101,000. GSA Capital Partners LLP purchased a new position in Farmland Partners in the third quarter worth approximately $105,000. D.A. Davidson & CO. lifted its stake in Farmland Partners by 11.3% in the third quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 1,182 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in 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 worth $127,000 after acquiring an additional 2,183 shares in the last quarter. Finally, MQS Management LLC purchased a new stake in shares of Farmland Partners in the 2nd quarter valued at approximately $134,000. Hedge funds and other institutional investors own 58.00% of the company’s stock.

Analyst Ratings Changes

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

Farmland Partners Stock Performance

NYSE:FPI opened at $12.64 on Friday. Farmland Partners Inc. has a 1 year low of $9.70 and a 1 year high of $13.12. The stock has a market cap of $608.87 million, a P/E ratio of 45.14 and a beta of 0.70. The stock has a 50-day simple moving average of $11.82 and a 200-day simple moving average of $11.11.

Farmland Partners Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd will be paid a $1.15 dividend. This is a positive change from Farmland Partners’s previous dividend of $0.13. The ex-dividend date of this dividend is Monday, December 23rd. Farmland Partners’s dividend payout ratio is currently 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.