UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 62,518 Shares of Farmland Partners Inc. (NYSE:FPI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Farmland Partners Inc. (NYSE:FPI) by 38.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 100,930 shares of the financial services provider’s stock after selling 62,518 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Farmland Partners worth $1,055,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FPI. Taylor Frigon Capital Management LLC raised its stake in shares of Farmland Partners by 1.0% in the second quarter. Taylor Frigon Capital Management LLC now owns 115,616 shares of the financial services provider’s stock worth $1,333,000 after buying an additional 1,119 shares during the period. D.A. Davidson & CO. increased its holdings in Farmland Partners by 11.3% in the 3rd quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 1,182 shares in the last quarter. BCGM Wealth Management LLC raised its stake in Farmland Partners by 0.6% during the 3rd quarter. BCGM Wealth Management LLC now owns 261,341 shares of the financial services provider’s stock worth $2,731,000 after acquiring an additional 1,510 shares during the period. Capital Square LLC lifted its holdings in Farmland Partners by 4.3% during the third quarter. Capital Square LLC now owns 40,125 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 1,637 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of Farmland Partners by 14.5% in the third quarter. Park Avenue Securities LLC now owns 13,241 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 1,679 shares during the period. 58.00% of the stock is currently owned by hedge funds and other institutional investors.

Farmland Partners Stock Down 3.8 %

NYSE FPI opened at $12.14 on Thursday. The business has a 50-day moving average price of $11.89 and a 200-day moving average price of $11.14. The firm has a market cap of $584.82 million, a price-to-earnings ratio of 43.36 and a beta of 0.70. Farmland Partners Inc. has a twelve month low of $9.70 and a twelve month high of $13.08.

Farmland Partners Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd will be issued a dividend of $1.15 per share. 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 dividend payout ratio (DPR) is 85.71%.

Analysts Set New Price Targets

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

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.