Farmland Partners Inc. (NYSE:FPI) Shares Purchased by Annex Advisory Services LLC

Annex Advisory Services LLC boosted its stake in shares of Farmland Partners Inc. (NYSE:FPI) by 41.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,933 shares of the financial services provider’s stock after acquiring an additional 29,424 shares during the quarter. Annex Advisory Services LLC owned about 0.21% of Farmland Partners worth $1,187,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. increased its position in Farmland Partners by 11.3% during 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 during the period. BCGM Wealth Management LLC lifted its holdings in Farmland Partners by 0.6% in the third quarter. BCGM Wealth Management LLC now owns 261,341 shares of the financial services provider’s stock valued at $2,731,000 after acquiring an additional 1,510 shares during the period. Park Avenue Securities LLC grew its stake in shares of Farmland Partners by 12.0% during the 4th quarter. Park Avenue Securities LLC now owns 14,830 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 1,589 shares during the period. Capital Square LLC increased its holdings in shares of Farmland Partners by 4.3% in the 3rd quarter. Capital Square LLC now owns 40,125 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 1,637 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Farmland Partners by 22.0% during 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. 58.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Farmland Partners Stock Performance

Shares of FPI stock opened at $11.73 on Tuesday. The stock has a fifty day moving average price of $12.07 and a 200 day moving average price of $11.21. The stock has a market cap of $564.79 million, a PE ratio of 41.88 and a beta of 0.70. Farmland Partners Inc. has a 1 year low of $9.70 and a 1 year high of $12.85.

Farmland Partners Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were given a $1.15 dividend. The ex-dividend date was Monday, December 23rd. This is a positive change from Farmland Partners’s previous dividend of $0.13. Farmland Partners’s payout ratio is currently 85.71%.

Insider Activity at Farmland Partners

In related news, Director John A. Good purchased 15,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $12.23 per share, with a total value of $183,450.00. Following the completion of the acquisition, the director now directly owns 101,465 shares in the company, valued at $1,240,916.95. The trade was a 17.35 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 9.50% of the stock is owned by corporate insiders.

Farmland Partners Profile

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.