Sumitomo Mitsui Trust Holdings Inc. Grows Holdings in Farmland Partners Inc. (NYSE:FPI)

Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Farmland Partners Inc. (NYSE:FPI) by 10.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 54,010 shares of the financial services provider’s stock after acquiring an additional 5,149 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Farmland Partners were worth $674,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Petra Financial Advisors Inc. raised its position in shares of Farmland Partners by 20.6% during the 4th quarter. Petra Financial Advisors Inc. now owns 46,274 shares of the financial services provider’s stock valued at $578,000 after acquiring an additional 7,898 shares in the last quarter. Capital Square LLC acquired a new stake in shares of Farmland Partners during the 4th quarter valued at approximately $210,000. International Assets Investment Management LLC acquired a new stake in shares of Farmland Partners during the 4th quarter valued at approximately $452,000. Nisa Investment Advisors LLC raised its position in shares of Farmland Partners by 10.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 44,330 shares of the financial services provider’s stock valued at $553,000 after acquiring an additional 4,077 shares in the last quarter. Finally, Vanguard Group Inc. raised 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 in the last quarter. 58.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FPI has been the topic of several research reports. StockNews.com raised Farmland Partners from a “sell” rating to a “hold” rating in a research report on Friday, March 8th. Roth Capital reaffirmed a “buy” rating on shares of Farmland Partners in a research note on Thursday, February 8th.

Farmland Partners Stock Performance

Shares of FPI stock opened at $10.75 on Friday. The stock’s 50 day simple moving average is $10.91 and its 200 day simple moving average is $11.38. Farmland Partners Inc. has a twelve month low of $9.95 and a twelve month high of $13.27. The company has a market capitalization of $517.61 million, a price-to-earnings ratio of 20.67 and a beta of 0.75.

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 issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, March 28th. Farmland Partners’s dividend payout ratio (DPR) is currently 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.