Farmland Partners Inc. (NYSE:FPI) Shares Sold by Bard Associates Inc.

Bard Associates Inc. trimmed its holdings in Farmland Partners Inc. (NYSE:FPI) by 8.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 200,094 shares of the financial services provider’s stock after selling 17,685 shares during the period. Bard Associates Inc.’s holdings in Farmland Partners were worth $2,091,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its stake in shares of 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 valued at $39,914,000 after buying an additional 202,264 shares in the last quarter. Accordant Advisory Group Inc increased its stake in Farmland Partners by 56.9% during the third quarter. Accordant Advisory Group Inc now owns 812,976 shares of the financial services provider’s stock worth $8,496,000 after purchasing an additional 294,980 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Farmland Partners during the second quarter worth about $1,853,000. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 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 first quarter valued at approximately $196,000. Hedge funds and other institutional investors own 58.00% of the company’s stock.

Farmland Partners Stock Down 0.7 %

FPI opened at $12.08 on Friday. The firm has a market cap of $581.89 million, a price-to-earnings ratio of 43.13 and a beta of 0.69. Farmland Partners Inc. has a 52 week low of $9.70 and a 52 week high of $13.12. The business’s 50 day moving average is $10.93 and its two-hundred day moving average is $10.91.

Farmland Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Thursday, January 2nd. Farmland Partners’s payout ratio is 85.71%.

Analysts Set New Price Targets

Separately, StockNews.com raised Farmland Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th.

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.