Farmland Partners Inc. (NYSE:FPI) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its holdings in Farmland Partners Inc. (NYSE:FPI) by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,330 shares of the financial services provider’s stock after purchasing an additional 4,077 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.09% of Farmland Partners worth $553,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in Farmland Partners by 11.5% in the first quarter. JPMorgan Chase & Co. now owns 60,483 shares of the financial services provider’s stock valued at $832,000 after buying an additional 6,227 shares during the last quarter. Raymond James & Associates lifted its stake in Farmland Partners by 97.6% in the first quarter. Raymond James & Associates now owns 256,463 shares of the financial services provider’s stock valued at $3,526,000 after buying an additional 126,643 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Farmland Partners by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 171,394 shares of the financial services provider’s stock valued at $2,357,000 after buying an additional 7,637 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in Farmland Partners in the first quarter valued at $225,000. Finally, HighTower Advisors LLC bought a new stake in Farmland Partners in the first quarter valued at $163,000. Institutional investors and hedge funds own 58.00% of the company’s stock.

Farmland Partners Stock Down 0.0 %

Shares of NYSE FPI opened at $10.41 on Thursday. Farmland Partners Inc. has a fifty-two week low of $9.95 and a fifty-two week high of $13.27. The firm’s 50-day simple moving average is $10.97 and its 200 day simple moving average is $11.36. The stock has a market cap of $501.00 million, a P/E ratio of 20.01 and a beta of 0.75.

Farmland Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, March 28th. Farmland Partners’s dividend payout ratio is currently 46.15%.

Analyst Ratings Changes

FPI has been the topic of a number of recent research reports. Roth Capital reiterated a “buy” rating on shares of Farmland Partners in a research note on Thursday, February 8th. StockNews.com upgraded Farmland Partners from a “sell” rating to a “hold” rating in a research note on Friday, March 8th. Finally, Raymond James lifted their price objective on shares of Farmland Partners from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, December 26th.

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.