Stifel Financial Corp Boosts Stock Holdings in Farmland Partners Inc. (NYSE:FPI)

Stifel Financial Corp raised its holdings in Farmland Partners Inc. (NYSE:FPI) by 130.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,254 shares of the financial services provider’s stock after purchasing an additional 62,875 shares during the quarter. Stifel Financial Corp owned 0.23% of Farmland Partners worth $1,163,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. SG Americas Securities LLC acquired a new stake in shares of Farmland Partners during the 2nd quarter valued at approximately $101,000. GSA Capital Partners LLP purchased a new position in Farmland Partners in the 3rd quarter valued at approximately $105,000. Point72 Asset Management L.P. acquired a new position in Farmland Partners during the third quarter worth $111,000. MQS Management LLC purchased a new stake in Farmland Partners during the second quarter worth $134,000. Finally, D.A. Davidson & CO. grew its holdings in Farmland Partners by 11.3% in the third quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 1,182 shares during the last quarter. 58.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Farmland Partners

In other Farmland Partners news, Director John A. Good bought 15,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average cost of $12.23 per share, with a total value of $183,450.00. Following the completion of the transaction, the director now owns 101,465 shares in the company, valued at $1,240,916.95. The trade was a 17.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.30% of the company’s stock.

Farmland Partners Stock Up 1.8 %

NYSE:FPI opened at $12.32 on Monday. Farmland Partners Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $13.04. The firm’s 50 day moving average is $11.98 and its two-hundred day moving average is $11.17. The company has a market cap of $593.49 million, a P/E ratio of 44.00 and a beta of 0.70.

Farmland Partners Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd will be paid a $1.15 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This is an increase from Farmland Partners’s previous dividend of $0.13. Farmland Partners’s dividend payout ratio (DPR) is currently 85.71%.

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 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.