State Street Corp Increases Stock Holdings in Farmland Partners Inc. (NYSE:FPI)

State Street Corp grew its holdings in shares of Farmland Partners Inc. (NYSE:FPI) by 1.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,136,755 shares of the financial services provider’s stock after purchasing an additional 15,638 shares during the quarter. State Street Corp’s holdings in Farmland Partners were worth $11,879,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in Farmland Partners during the third quarter valued at approximately $105,000. Point72 Asset Management L.P. purchased a new stake in shares of Farmland Partners in the 3rd quarter worth $111,000. MQS Management LLC bought a new position in Farmland Partners in the 2nd quarter worth $134,000. D.A. Davidson & CO. grew its holdings in Farmland Partners by 11.3% during the third 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. Finally, BNP Paribas Financial Markets increased its position in Farmland Partners by 22.0% in the third quarter. BNP Paribas Financial Markets now owns 12,107 shares of the financial services provider’s stock worth $127,000 after buying an additional 2,183 shares in the last quarter. Institutional investors own 58.00% of the company’s stock.

Insider Activity at Farmland Partners

In other Farmland Partners news, Director John A. Good purchased 15,000 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was acquired at an average cost of $12.23 per share, for a total transaction of $183,450.00. Following the purchase, the director now directly owns 101,465 shares of the company’s stock, valued at $1,240,916.95. This trade represents a 17.35 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.30% of the stock is owned by corporate insiders.

Farmland Partners Stock Performance

FPI opened at $11.55 on Thursday. Farmland Partners Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $13.04. The stock has a market cap of $556.40 million, a price-to-earnings ratio of 41.25 and a beta of 0.70. The firm’s fifty day moving average is $12.01 and its 200 day moving average is $11.17.

Farmland Partners Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 8th. Investors of record on Monday, December 23rd will be given a dividend of $1.15 per share. The ex-dividend date of this dividend 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 currently 85.71%.

Analyst Ratings Changes

Separately, StockNews.com raised 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.