BNP Paribas Financial Markets Purchases 2,183 Shares of Farmland Partners Inc. (NYSE:FPI)

BNP Paribas Financial Markets boosted its stake in Farmland Partners Inc. (NYSE:FPI) by 22.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,107 shares of the financial services provider’s stock after acquiring an additional 2,183 shares during the quarter. BNP Paribas Financial Markets’ holdings in Farmland Partners were worth $127,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Farmland Partners in the 2nd quarter valued at about $101,000. GSA Capital Partners LLP bought a new position in shares of Farmland Partners in the third quarter valued at approximately $105,000. D.A. Davidson & CO. grew its position in 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 worth $122,000 after purchasing an additional 1,182 shares in the last quarter. MQS Management LLC bought a new position in Farmland Partners during the second quarter valued at about $134,000. Finally, Park Avenue Securities LLC increased its stake in shares of Farmland Partners by 14.5% during the 3rd quarter. Park Avenue Securities LLC now owns 13,241 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 1,679 shares during the last quarter. 58.00% of the stock is owned by institutional investors and hedge funds.

Farmland Partners Price Performance

NYSE:FPI opened at $12.14 on Thursday. Farmland Partners Inc. has a 1-year low of $9.70 and a 1-year high of $13.08. The business has a 50 day moving average of $11.89 and a 200 day moving average of $11.14. The company has a market capitalization of $584.82 million, a price-to-earnings ratio of 43.36 and a beta of 0.70.

Farmland Partners Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd will be issued a $1.15 dividend. The ex-dividend date is Monday, December 23rd. This is a boost from Farmland Partners’s previous dividend of $0.13. Farmland Partners’s dividend payout ratio (DPR) is 85.71%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a research note 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.