Farmland Partners (NYSE:FPI) Stock Passes Below 200 Day Moving Average of $11.35

Farmland Partners Inc. (NYSE:FPIGet Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.35 and traded as low as $10.95. Farmland Partners shares last traded at $11.10, with a volume of 492,735 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Roth Capital reiterated a “buy” rating on shares of Farmland Partners in a research note on Thursday, February 8th. Raymond James lifted their price target on Farmland Partners from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, December 26th. Finally, StockNews.com raised Farmland Partners from a “sell” rating to a “hold” rating in a report on Friday, March 8th.

Read Our Latest Stock Analysis on Farmland Partners

Farmland Partners Price Performance

The stock has a market capitalization of $534.52 million, a PE ratio of 21.35 and a beta of 0.77. The stock’s fifty day moving average is $11.15 and its 200-day moving average is $11.35.

Farmland Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be paid a $0.06 dividend. The ex-dividend date is Thursday, March 28th. This represents a $0.24 annualized dividend and a dividend yield of 2.16%. Farmland Partners’s dividend payout ratio (DPR) is 46.15%.

Institutional Trading of Farmland Partners

Several institutional investors have recently made changes to their positions in FPI. Deutsche Bank AG raised its position in Farmland Partners by 0.7% in the third quarter. Deutsche Bank AG now owns 624,220 shares of the financial services provider’s stock valued at $6,404,000 after purchasing an additional 4,044 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Farmland Partners by 3.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,336,001 shares of the financial services provider’s stock valued at $23,967,000 after buying an additional 76,688 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Farmland Partners by 25.3% during the third quarter. New York State Common Retirement Fund now owns 17,293 shares of the financial services provider’s stock worth $177,000 after buying an additional 3,492 shares during the period. Russell Investments Group Ltd. increased its position in shares of Farmland Partners by 179.5% during the second quarter. Russell Investments Group Ltd. now owns 95,444 shares of the financial services provider’s stock valued at $1,165,000 after acquiring an additional 61,295 shares during the last quarter. Finally, Bailard Inc. purchased a new stake in shares of Farmland Partners in the 3rd quarter valued at approximately $348,000. Hedge funds and other institutional investors own 58.00% of the company’s stock.

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 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.

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