Farmland Partners Inc. (NYSE:FPI) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Farmland Partners Inc. (NYSE:FPI) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 370,291 shares of the financial services provider’s stock after purchasing an additional 19,805 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.77% of Farmland Partners worth $3,870,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FPI. Massachusetts Financial Services Co. MA raised its position in Farmland Partners by 6.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,672,919 shares of the financial services provider’s stock worth $38,382,000 after acquiring an additional 211,181 shares in the last quarter. Quest Partners LLC increased its position in Farmland Partners by 10.0% during the third quarter. Quest Partners LLC now owns 57,985 shares of the financial services provider’s stock worth $606,000 after buying an additional 5,293 shares during the last quarter. BCGM Wealth Management LLC raised its stake in shares of Farmland Partners by 0.6% in the 3rd quarter. BCGM Wealth Management LLC now owns 261,341 shares of the financial services provider’s stock valued at $2,731,000 after acquiring an additional 1,510 shares in the last quarter. MQS Management LLC boosted its holdings in shares of Farmland Partners by 61.7% during the 3rd quarter. MQS Management LLC now owns 18,765 shares of the financial services provider’s stock worth $196,000 after buying an additional 7,160 shares during the period. Finally, Aigen Investment Management LP bought a new stake in Farmland Partners during the third quarter valued at about $173,000. Institutional investors and hedge funds own 58.00% of the company’s stock.

Farmland Partners Price Performance

FPI opened at $12.64 on Friday. The firm’s fifty day moving average price is $11.82 and its two-hundred day moving average price is $11.11. The company has a market capitalization of $608.87 million, a P/E ratio of 45.14 and a beta of 0.70. Farmland Partners Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $13.12.

Farmland Partners Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, January 8th. Investors of record on Monday, December 23rd will be paid a $1.15 dividend. This is a positive change from Farmland Partners’s previous dividend of $0.13. The ex-dividend date is Monday, December 23rd. Farmland Partners’s payout ratio is currently 85.71%.

Analysts Set New Price Targets

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

Farmland Partners 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.