Farmland Partners Inc. (NYSE:FPI) Shares Bought by Stifel Financial Corp

Stifel Financial Corp grew its holdings in shares of Farmland Partners Inc. (NYSE:FPI) by 130.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 111,254 shares of the financial services provider’s stock after purchasing an additional 62,875 shares during the quarter. Stifel Financial Corp’s holdings in Farmland Partners were worth $1,163,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in FPI. Massachusetts Financial Services Co. MA boosted its position in Farmland Partners by 6.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,672,919 shares of the financial services provider’s stock worth $38,382,000 after acquiring an additional 211,181 shares during the period. Accordant Advisory Group Inc grew its position in Farmland Partners by 56.9% in the 3rd quarter. Accordant Advisory Group Inc now owns 812,976 shares of the financial services provider’s stock valued at $8,496,000 after buying an additional 294,980 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Farmland Partners by 5.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 370,291 shares of the financial services provider’s stock valued at $3,870,000 after buying an additional 19,805 shares during the period. BCGM Wealth Management LLC increased its stake in Farmland Partners by 0.6% during the 3rd quarter. BCGM Wealth Management LLC now owns 261,341 shares of the financial services provider’s stock valued at $2,731,000 after buying an additional 1,510 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Farmland Partners by 5.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 255,843 shares of the financial services provider’s stock worth $2,950,000 after buying an additional 14,233 shares in the last quarter. 58.00% of the stock is currently owned by institutional investors and hedge funds.

Farmland Partners Trading Up 1.8 %

Shares of Farmland Partners stock opened at $12.32 on Monday. Farmland Partners Inc. has a 1 year low of $9.70 and a 1 year high of $13.04. The company has a market cap of $593.49 million, a P/E ratio of 44.00 and a beta of 0.70. The stock has a 50-day moving average price of $11.98 and a 200 day moving average price of $11.17.

Farmland Partners Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd will be issued a dividend of $1.15 per share. This is a positive change from Farmland Partners’s previous dividend of $0.13. The ex-dividend date is Monday, December 23rd. Farmland Partners’s payout ratio is currently 85.71%.

Insider Activity at Farmland Partners

In related news, Director John A. Good bought 15,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of $12.23 per share, with a total value of $183,450.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded 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.