Farmland Partners Inc. (NYSE:FPI) Stake Raised by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. increased its position in shares of Farmland Partners Inc. (NYSE:FPI – Get Rating) by 50.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,689 shares of the financial services provider’s stock after purchasing an additional 8,239 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Farmland Partners were worth $313,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FPI. Northwestern Mutual Wealth Management Co. acquired a new position in Farmland Partners in the second quarter worth approximately $42,000. Amalgamated Bank acquired a new position in Farmland Partners in the first quarter worth approximately $48,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Farmland Partners in the second quarter worth approximately $84,000. Roberts Glore & Co. Inc. IL acquired a new position in Farmland Partners in the second quarter worth approximately $144,000. Finally, Virtu Financial LLC acquired a new position in Farmland Partners in the second quarter worth approximately $157,000. Institutional investors own 46.51% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on FPI shares. StockNews.com raised shares of Farmland Partners from a “sell” rating to a “hold” rating in a research note on Friday. Janney Montgomery Scott raised shares of Farmland Partners from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Friday.

Farmland Partners Trading Up 2.6 %

NYSE FPI opened at $13.27 on Friday. Farmland Partners Inc. has a 1-year low of $10.62 and a 1-year high of $16.43. The company has a market capitalization of $724.33 million, a PE ratio of 69.85 and a beta of 0.76. The firm’s fifty day simple moving average is $13.00 and its 200-day simple moving average is $13.65.

Farmland Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Monday, January 2nd will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, December 29th. Farmland Partners’s dividend payout ratio is presently 126.32%.

About Farmland Partners

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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 the date of this release, the Company owns approximately 155,000 acres in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota and Virginia.