Farmland Partners Inc. (NYSE:FPI) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its stake in Farmland Partners Inc. (NYSE:FPI) by 10.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,399 shares of the financial services provider’s stock after selling 17,310 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.30% of Farmland Partners worth $1,499,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FPI. Lazard Asset Management LLC purchased a new stake in shares of Farmland Partners during the first quarter worth approximately $35,000. EntryPoint Capital LLC grew its holdings in shares of Farmland Partners by 68.9% during the first quarter. EntryPoint Capital LLC now owns 4,801 shares of the financial services provider’s stock worth $53,000 after buying an additional 1,959 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Farmland Partners in the second quarter valued at about $101,000. MQS Management LLC purchased a new position in shares of Farmland Partners in the second quarter worth about $134,000. Finally, Park Avenue Securities LLC boosted its holdings in shares of Farmland Partners by 14.5% during the 3rd 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 last quarter. 58.00% of the stock is currently owned by institutional investors and hedge funds.

Farmland Partners Stock Performance

Farmland Partners stock opened at $12.17 on Thursday. The stock has a market cap of $586.23 million, a P/E ratio of 43.46 and a beta of 0.69. The company has a 50-day moving average price of $10.93 and a 200 day moving average price of $10.91. Farmland Partners Inc. has a 12-month low of $9.70 and a 12-month high of $13.12.

Farmland Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, January 2nd. Farmland Partners’s dividend payout ratio is presently 85.71%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Farmland Partners from a “sell” rating to a “hold” rating in a research report 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.