Nisa Investment Advisors LLC Has $553,000 Stock Position in Farmland Partners Inc. (NYSE:FPI)

Nisa Investment Advisors LLC raised its position in Farmland Partners Inc. (NYSE:FPI) by 10.1% in the 4th quarter, HoldingsChannel reports. The fund owned 44,330 shares of the financial services provider’s stock after purchasing an additional 4,077 shares during the period. Nisa Investment Advisors LLC’s holdings in Farmland Partners were worth $553,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Farmland Partners by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,468,003 shares of the financial services provider’s stock valued at $25,322,000 after purchasing an additional 68,105 shares during the period. Deutsche Bank AG grew its stake in shares of Farmland Partners by 0.7% in the 3rd 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 grew its stake in shares of Farmland Partners by 3.4% in the 3rd 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 purchasing an additional 76,688 shares during the period. New York State Common Retirement Fund grew its stake in shares of Farmland Partners by 25.3% in the 3rd quarter. New York State Common Retirement Fund now owns 17,293 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 3,492 shares during the period. Finally, Bailard Inc. bought a new stake in shares of Farmland Partners in the 3rd quarter valued at approximately $348,000. 58.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FPI shares. Raymond James upped their price objective on Farmland Partners from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, December 26th. StockNews.com upgraded Farmland Partners from a “sell” rating to a “hold” rating in a research note on Friday, March 8th. Finally, Roth Capital restated a “buy” rating on shares of Farmland Partners in a research report on Thursday, February 8th.

Farmland Partners Price Performance

NYSE FPI opened at $10.41 on Thursday. The firm has a market cap of $501.00 million, a PE ratio of 20.01 and a beta of 0.75. Farmland Partners Inc. has a one year low of $9.95 and a one year high of $13.27. The stock’s 50 day simple moving average is $10.97 and its 200 day simple moving average is $11.36.

Farmland Partners Announces Dividend

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

Farmland Partners 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.