StockNews.com Upgrades Farmland Partners (NYSE:FPI) to Hold

Farmland Partners (NYSE:FPI) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Saturday.

Farmland Partners Trading Up 1.2 %

Shares of FPI stock opened at $12.31 on Friday. Farmland Partners has a twelve month low of $9.70 and a twelve month high of $13.12. The company has a market capitalization of $593.01 million, a PE ratio of 43.96 and a beta of 0.69. The firm has a fifty day simple moving average of $10.81 and a 200-day simple moving average of $10.88.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA grew its stake in Farmland Partners by 6.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,461,738 shares of the financial services provider’s stock worth $39,914,000 after purchasing an additional 202,264 shares in the last quarter. Accordant Advisory Group Inc raised its position in shares of Farmland Partners by 56.9% during the 3rd quarter. Accordant Advisory Group Inc now owns 812,976 shares of the financial services provider’s stock valued at $8,496,000 after acquiring an additional 294,980 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Farmland Partners during the second quarter worth $1,853,000. Price T Rowe Associates Inc. MD boosted its holdings in Farmland Partners by 11.1% in the first 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 during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Farmland Partners in the 1st quarter valued at about $196,000. 58.00% of the stock is currently owned by institutional investors.

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.