Jump Financial LLC Acquires Shares of 33,947 Farmland Partners Inc. (NYSE:FPI)

Jump Financial LLC purchased a new position in shares of Farmland Partners Inc. (NYSE:FPIFree Report) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 33,947 shares of the financial services provider’s stock, valued at approximately $348,000.

Several other institutional investors also recently bought and sold shares of the company. Diligent Investors LLC purchased a new stake in shares of Farmland Partners in the third quarter valued at about $110,000. Millburn Ridgefield Corp boosted its holdings in 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 purchasing an additional 2,528 shares in the last quarter. Park Avenue Securities LLC acquired a new position in Farmland Partners during the 3rd quarter worth approximately $108,000. Taylor Frigon Capital Management LLC raised its stake in shares of Farmland Partners by 1.9% during the 3rd quarter. Taylor Frigon Capital Management LLC now owns 114,639 shares of the financial services provider’s stock worth $1,176,000 after buying an additional 2,086 shares in the last quarter. Finally, Bailard Inc. acquired a new stake in shares of Farmland Partners in the 3rd quarter valued at approximately $348,000. 53.52% of the stock is owned by institutional investors and hedge funds.

Farmland Partners Price Performance

FPI opened at $11.42 on Tuesday. Farmland Partners Inc. has a 1-year low of $9.44 and a 1-year high of $13.27. The stock has a market cap of $550.33 million, a P/E ratio of 35.69 and a beta of 0.75. The stock’s 50 day simple moving average is $11.97 and its 200 day simple moving average is $11.36.

Farmland Partners Increases Dividend

The company also recently declared a None dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a $0.21 dividend. The ex-dividend date was Thursday, December 28th. This is a boost from Farmland Partners’s previous None dividend of $0.13. Farmland Partners’s dividend payout ratio (DPR) is currently 75.00%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FPI shares. Roth Capital reiterated a “buy” rating on shares of Farmland Partners in a research report on Thursday, February 8th. Raymond James increased their price target on shares of Farmland Partners from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, December 26th.

View Our Latest Report on FPI

Farmland Partners Profile

(Free Report)

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 September 30, 2023, the Company owns and/or manages approximately 178,200 acres in 20 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Louisiana, Michigan, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina, Texas, and Virginia.

See Also

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Institutional Ownership by Quarter for Farmland Partners (NYSE:FPI)

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