International Assets Investment Management LLC Purchases Shares of 36,192 Farmland Partners Inc. (NYSE:FPI)

International Assets Investment Management LLC purchased a new stake in shares of Farmland Partners Inc. (NYSE:FPI) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 36,192 shares of the financial services provider’s stock, valued at approximately $452,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FPI. Massachusetts Financial Services Co. MA boosted its stake in Farmland Partners by 3.4% during 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 in the last quarter. Vanguard Group Inc. lifted its position in shares of Farmland Partners by 2.8% during 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 acquiring an additional 68,105 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Farmland Partners during the 3rd quarter valued at $348,000. Bailard Inc. acquired a new stake in shares of Farmland Partners during the 3rd quarter valued at $348,000. Finally, Kayne Anderson Capital Advisors LP acquired a new stake in shares of Farmland Partners during the 3rd quarter valued at $310,000. 58.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Roth Capital reiterated a “buy” rating on shares of Farmland Partners in a research report on Thursday, February 8th. StockNews.com upgraded Farmland Partners from a “sell” rating to a “hold” rating in a research report on Friday, March 8th.

Farmland Partners Stock Down 1.4 %

FPI opened at $10.75 on Friday. The stock has a fifty day moving average of $10.91 and a 200-day moving average of $11.38. The firm has a market capitalization of $517.61 million, a P/E ratio of 20.67 and a beta of 0.75. Farmland Partners Inc. has a 12-month low of $9.95 and a 12-month high of $13.27.

Farmland Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were issued a $0.06 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.23%. Farmland Partners’s payout ratio is currently 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.