10,075 Shares in Farmland Partners Inc. (NYSE:FPI) Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in Farmland Partners Inc. (NYSE:FPI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,075 shares of the financial services provider’s stock, valued at approximately $105,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Lazard Asset Management LLC purchased a new position in shares of Farmland Partners during the first quarter valued at $35,000. SG Americas Securities LLC bought a new position in Farmland Partners during the 2nd quarter worth about $101,000. MQS Management LLC purchased a new position in Farmland Partners during the 2nd quarter valued at about $134,000. Price T Rowe Associates Inc. MD increased its position in Farmland Partners by 11.1% during the 1st 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, Park Avenue Securities LLC raised its holdings in shares of Farmland Partners by 14.5% in the 3rd quarter. Park Avenue Securities LLC now owns 13,241 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 1,679 shares in the last quarter. 58.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Farmland Partners Price Performance

FPI opened at $12.77 on Tuesday. The firm has a market capitalization of $614.93 million, a PE ratio of 45.54 and a beta of 0.69. The business’s 50-day moving average is $11.22 and its two-hundred day moving average is $10.97. Farmland Partners Inc. has a 1 year low of $9.70 and a 1 year high of $13.12.

Farmland Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.88%. Farmland Partners’s dividend payout ratio (DPR) 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.