Wealth Enhancement Advisory Services LLC Reduces Stake in Farmland Partners Inc. (NYSE:FPI)

Wealth Enhancement Advisory Services LLC lessened its holdings in shares of Farmland Partners Inc. (NYSE:FPI) by 20.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,675 shares of the financial services provider’s stock after selling 4,999 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Farmland Partners were worth $206,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its holdings in Farmland Partners by 6.2% during 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 stake in 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 worth $8,496,000 after acquiring an additional 294,980 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Farmland Partners during the 2nd quarter worth $1,853,000. Price T Rowe Associates Inc. MD lifted its position 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 valued at $143,000 after acquiring an additional 1,286 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Farmland Partners in the first quarter valued at $196,000. Hedge funds and other institutional investors own 58.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Farmland Partners from a “sell” rating to a “hold” rating in a research report on Saturday.

Farmland Partners Stock Performance

Shares of NYSE:FPI opened at $12.16 on Wednesday. Farmland Partners Inc. has a one year low of $9.70 and a one year high of $13.12. The stock has a market capitalization of $585.78 million, a price-to-earnings ratio of 43.43 and a beta of 0.69. The company has a 50-day simple moving average of $10.89 and a 200-day simple moving average of $10.90.

Farmland Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Thursday, January 2nd. Farmland Partners’s dividend payout ratio is presently 85.71%.

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.