Raymond James & Associates Lowers Stock Position in Farmland Partners Inc. (NYSE:FPI)

Raymond James & Associates cut its stake in shares of Farmland Partners Inc. (NYSE:FPI) by 6.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 206,082 shares of the financial services provider’s stock after selling 14,917 shares during the period. Raymond James & Associates’ holdings in Farmland Partners were worth $2,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of FPI. Comerica Bank acquired a new stake in Farmland Partners in the third quarter valued at $39,000. Chilton Capital Management LLC acquired a new position in shares of Farmland Partners during the 1st quarter worth $64,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Farmland Partners during the 2nd quarter worth $84,000. Federated Hermes Inc. acquired a new position in shares of Farmland Partners during the 3rd quarter worth $84,000. Finally, Park Avenue Securities LLC acquired a new position in shares of Farmland Partners during the 3rd quarter worth $108,000. Institutional investors and hedge funds own 58.00% of the company’s stock.

Analyst Ratings Changes

FPI has been the subject of several research reports. Raymond James lifted their price target on Farmland Partners from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 26th. Roth Capital reaffirmed a “buy” rating on shares of Farmland Partners in a research note on Thursday, February 8th. Finally, StockNews.com raised Farmland Partners from a “sell” rating to a “hold” rating in a research note on Friday, March 8th.

Farmland Partners Price Performance

NYSE FPI opened at $10.40 on Tuesday. The business’s 50-day simple moving average is $10.99 and its 200-day simple moving average is $11.37. The firm has a market capitalization of $500.52 million, a P/E ratio of 19.99 and a beta of 0.75. Farmland Partners Inc. has a 1-year low of $9.95 and a 1-year high of $13.27.

Farmland Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Thursday, March 28th. Farmland Partners’s payout ratio is 46.15%.

Farmland Partners Company 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.