Janney Montgomery Scott LLC Purchases 1,000 Shares of Farmland Partners Inc. (NYSE:FPI)

Janney Montgomery Scott LLC increased its position in Farmland Partners Inc. (NYSE:FPIGet Rating) by 3.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,910 shares of the financial services provider’s stock after purchasing an additional 1,000 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of Farmland Partners worth $404,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Murphy Pohlad Asset Management LLC raised its holdings in shares of Farmland Partners by 17.7% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 47,800 shares of the financial services provider’s stock valued at $605,000 after purchasing an additional 7,200 shares during the period. Demars Financial Group LLC raised its holdings in shares of Farmland Partners by 918.0% in the 3rd quarter. Demars Financial Group LLC now owns 282,166 shares of the financial services provider’s stock valued at $3,575,000 after purchasing an additional 254,447 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Farmland Partners by 78.3% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 57,930 shares of the financial services provider’s stock valued at $734,000 after acquiring an additional 25,442 shares during the period. State of Alaska Department of Revenue raised its holdings in Farmland Partners by 11.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 24,123 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 2,532 shares during the period. Finally, Bailard Inc. raised its holdings in Farmland Partners by 25.2% in the 3rd quarter. Bailard Inc. now owns 54,209 shares of the financial services provider’s stock valued at $687,000 after acquiring an additional 10,900 shares during the period. 46.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Farmland Partners Trading Down 0.2 %

Shares of FPI opened at $13.15 on Tuesday. Farmland Partners Inc. has a 12 month low of $10.62 and a 12 month high of $16.43. The firm’s 50 day moving average is $12.93 and its 200-day moving average is $13.62. The stock has a market capitalization of $717.78 million, a PE ratio of 69.21 and a beta of 0.76.

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.

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Institutional Ownership by Quarter for Farmland Partners (NYSE:FPI)

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