Farmland Partners Inc. (NYSE:FPI) Shares Purchased by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Farmland Partners Inc. (NYSE:FPI – Get Rating) by 78.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,226 shares of the financial services provider’s stock after acquiring an additional 10,221 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Farmland Partners were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in FPI. Northwestern Mutual Wealth Management Co. acquired a new stake in Farmland Partners in the 2nd quarter valued at about $42,000. Amalgamated Bank acquired a new stake in Farmland Partners in the 1st quarter valued at about $48,000. Allspring Global Investments Holdings LLC acquired a new stake in Farmland Partners in the 3rd quarter valued at about $62,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Farmland Partners in the 2nd quarter valued at about $84,000. Finally, Roberts Glore & Co. Inc. IL purchased a new position in Farmland Partners in the 2nd quarter valued at about $144,000. 46.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FPI. StockNews.com upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a report on Friday, January 13th. Janney Montgomery Scott upgraded shares of Farmland Partners from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Friday, January 13th.

Farmland Partners Price Performance

Shares of FPI stock opened at $13.17 on Monday. The firm has a market cap of $718.87 million, a P/E ratio of 69.32 and a beta of 0.76. Farmland Partners Inc. has a 1-year low of $10.62 and a 1-year high of $16.43. The firm’s 50-day simple moving average is $12.94 and its 200-day simple moving average is $13.63.

Farmland Partners Profile

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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.