Farmland Partners Inc (NYSE:FPI) saw strong trading volume on Friday . 2,578,739 shares traded hands during trading, an increase of 869% from the previous session’s volume of 266,031 shares.The stock last traded at $9.52 and had previously closed at $9.13.

Several research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Farmland Partners from a “strong sell” rating to a “sell” rating in a report on Thursday, August 24th. Zacks Investment Research upgraded shares of Farmland Partners from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Friday, November 24th. Raymond James Financial began coverage on shares of Farmland Partners in a report on Monday, September 18th. They issued a “market perform” rating on the stock. Stifel Nicolaus restated a “buy” rating and issued a $9.25 price target (down previously from $10.00) on shares of Farmland Partners in a report on Monday, September 25th. Finally, B. Riley restated a “hold” rating and issued a $10.00 price target on shares of Farmland Partners in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $9.65.

The stock has a market cap of $293.30, a price-to-earnings ratio of 16.20 and a beta of 0.21.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be issued a $0.127 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.51 annualized dividend and a yield of 5.34%. Farmland Partners’s payout ratio is 268.44%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. raised its holdings in Farmland Partners by 12.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,808 shares of the financial services provider’s stock valued at $115,000 after buying an additional 1,398 shares during the period. Pinnacle Associates Ltd. grew its position in Farmland Partners by 12.4% in the second quarter. Pinnacle Associates Ltd. now owns 13,600 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 1,500 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in Farmland Partners in the first quarter valued at approximately $136,000. Sheaff Brock Investment Advisors LLC acquired a new stake in Farmland Partners in the second quarter valued at approximately $143,000. Finally, Royal Bank of Canada grew its position in Farmland Partners by 31.9% in the second quarter. Royal Bank of Canada now owns 17,014 shares of the financial services provider’s stock valued at $152,000 after acquiring an additional 4,119 shares in the last quarter. Hedge funds and other institutional investors own 41.01% of the company’s stock.

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About Farmland Partners

Farmland Partners, Inc is an internally managed real estate company. The Company owns and seeks to acquire farmland located in agricultural markets throughout North America. The Company is the sole member of the general partner of Farmland Partners Operating Partnership, LP (the Operating Partnership).

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