Nomura Asset Management Co. Ltd. Has $628,000 Position in Farmland Partners Inc. (NYSE:FPI)

Nomura Asset Management Co. Ltd. lowered its stake in shares of Farmland Partners Inc. (NYSE:FPIFree Report) by 3.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 50,300 shares of the financial services provider’s stock after selling 2,000 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.10% of Farmland Partners worth $628,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Quest Partners LLC acquired a new position in shares of Farmland Partners during the fourth quarter valued at about $416,000. BCGM Wealth Management LLC raised its position in shares of Farmland Partners by 4.8% during the fourth quarter. BCGM Wealth Management LLC now owns 250,567 shares of the financial services provider’s stock valued at $3,127,000 after buying an additional 11,462 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Farmland Partners by 18.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,755,880 shares of the financial services provider’s stock valued at $34,393,000 after buying an additional 419,879 shares during the last quarter. Jump Financial LLC raised its position in shares of Farmland Partners by 74.1% during the fourth quarter. Jump Financial LLC now owns 59,102 shares of the financial services provider’s stock valued at $738,000 after buying an additional 25,155 shares during the last quarter. Finally, Principal Securities Inc. acquired a new position in shares of Farmland Partners during the fourth quarter valued at about $110,000. Institutional investors and hedge funds own 58.00% of the company’s stock.

Farmland Partners Trading Up 1.7 %

Shares of Farmland Partners stock opened at $10.86 on Friday. The stock has a market capitalization of $523.13 million, a price-to-earnings ratio of 21.29 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. The firm’s 50-day moving average price is $10.90 and its two-hundred day moving average price is $11.45.

Farmland Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, July 1st. This represents a $0.24 annualized dividend and a yield of 2.21%. Farmland Partners’s dividend payout ratio is 47.06%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on FPI shares. StockNews.com raised shares of Farmland Partners from a “sell” rating to a “hold” rating in a research report on Friday, March 8th. Roth Capital reissued a “buy” rating on shares of Farmland Partners in a research report on Thursday, February 8th.

Read Our Latest Analysis on Farmland Partners

About Farmland Partners

(Free Report)

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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Institutional Ownership by Quarter for Farmland Partners (NYSE:FPI)

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