International Assets Investment Management LLC Invests $1.70 Million in Farmland Partners Inc. (NYSE:FPI)

International Assets Investment Management LLC acquired a new stake in Farmland Partners Inc. (NYSE:FPI) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,765 shares of the financial services provider’s stock, valued at approximately $1,700,000.

Several other large investors have also recently added to or reduced their stakes in the business. Taylor Frigon Capital Management LLC grew its stake in shares of Farmland Partners by 1.0% in the second quarter. Taylor Frigon Capital Management LLC now owns 115,616 shares of the financial services provider’s stock worth $1,333,000 after acquiring an additional 1,119 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Farmland Partners by 11.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,855 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,286 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Farmland Partners by 14.5% during the 3rd quarter. Park Avenue Securities LLC now owns 13,241 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 1,679 shares during the period. EntryPoint Capital LLC raised its position in Farmland Partners by 68.9% in the 1st quarter. EntryPoint Capital LLC now owns 4,801 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,959 shares in the last quarter. Finally, Capital Square LLC boosted its stake in shares of Farmland Partners by 13.7% in the 1st quarter. Capital Square LLC now owns 19,116 shares of the financial services provider’s stock valued at $212,000 after buying an additional 2,308 shares during the period. 58.00% of the stock is owned by hedge funds and other institutional investors.

Farmland Partners Price Performance

NYSE:FPI opened at $11.60 on Monday. Farmland Partners Inc. has a 12 month low of $9.70 and a 12 month high of $13.12. The firm has a market capitalization of $558.77 million, a PE ratio of 41.43 and a beta of 0.69. The business’s fifty day moving average price is $10.60 and its 200 day moving average price is $10.83.

Farmland Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Thursday, January 2nd. Farmland Partners’s dividend payout ratio (DPR) is presently 85.71%.

Insider Buying and Selling

In related news, Director John A. Good acquired 24,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of $10.15 per share, with a total value of $243,600.00. Following the completion of the acquisition, the director now owns 86,465 shares in the company, valued at $877,619.75. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a research note on Thursday.

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.