Farmland Partners Inc. (NYSE:FPI) Shares Sold by Millburn Ridgefield Corp

Millburn Ridgefield Corp reduced its position in Farmland Partners Inc. (NYSE:FPI) by 11.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,953 shares of the financial services provider’s stock after selling 1,770 shares during the quarter. Millburn Ridgefield Corp’s holdings in Farmland Partners were worth $146,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC purchased a new stake in Farmland Partners during the first quarter worth approximately $35,000. SG Americas Securities LLC acquired a new stake in Farmland Partners in the 2nd quarter valued at $101,000. GSA Capital Partners LLP acquired a new position in shares of Farmland Partners during the third quarter worth about $105,000. D.A. Davidson & CO. boosted its position in shares of 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 worth $122,000 after buying an additional 1,182 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Farmland Partners by 22.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,107 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 2,183 shares during the period. Hedge funds and other institutional investors own 58.00% of the company’s stock.

Wall Street Analyst Weigh In

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

Farmland Partners Price Performance

Shares of Farmland Partners stock opened at $12.50 on Wednesday. Farmland Partners Inc. has a 1-year low of $9.70 and a 1-year high of $13.12. The business has a 50-day moving average of $11.52 and a 200-day moving average of $11.04. The company has a market capitalization of $601.88 million, a PE ratio of 44.63 and a beta of 0.70.

Farmland Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, January 2nd. This represents a $0.24 annualized dividend and a yield of 1.92%. Farmland Partners’s dividend payout ratio 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.