Farmland Partners Inc. (NYSE:FPI) Shares Sold by Abbrea Capital LLC

Abbrea Capital LLC lessened its stake in Farmland Partners Inc. (NYSE:FPI) by 15.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,070 shares of the financial services provider’s stock after selling 3,370 shares during the quarter. Abbrea Capital LLC’s holdings in Farmland Partners were worth $243,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in FPI. Park Avenue Securities LLC purchased a new position in shares of Farmland Partners in the 3rd quarter valued at about $108,000. Diligent Investors LLC purchased a new position in shares of Farmland Partners in the 3rd quarter valued at about $110,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Farmland Partners by 77.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,826 shares of the financial services provider’s stock valued at $135,000 after buying an additional 4,723 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Farmland Partners by 25.3% in the 3rd quarter. New York State Common Retirement Fund now owns 17,293 shares of the financial services provider’s stock valued at $177,000 after buying an additional 3,492 shares during the period. Finally, Millburn Ridgefield Corp boosted its stake in shares of Farmland Partners by 16.5% in the 3rd quarter. Millburn Ridgefield Corp now owns 17,868 shares of the financial services provider’s stock valued at $183,000 after buying an additional 2,528 shares during the period. Hedge funds and other institutional investors own 58.00% of the company’s stock.

Wall Street Analysts Forecast Growth

FPI has been the subject of several recent research reports. StockNews.com upgraded Farmland Partners from a “sell” rating to a “hold” rating in a research note on Friday, March 8th. Roth Capital restated a “buy” rating on shares of Farmland Partners in a research note on Thursday, February 8th.

Farmland Partners Trading Down 1.3 %

FPI stock traded down $0.14 during trading on Thursday, hitting $10.76. 348,860 shares of the company’s stock were exchanged, compared to its average volume of 338,681. The business has a 50-day moving average price of $10.93 and a two-hundred day moving average price of $11.38. The stock has a market capitalization of $518.09 million, a price-to-earnings ratio of 20.98 and a beta of 0.75. Farmland Partners Inc. has a 52-week low of $9.95 and a 52-week high of $13.27.

Farmland Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, March 28th. Farmland Partners’s payout ratio is 46.15%.

About Farmland Partners

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.