Farmland Partners Inc. (NYSE:FPI) Director John A. Good Buys 15,000 Shares

Farmland Partners Inc. (NYSE:FPI) Director John A. Good bought 15,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were bought 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 SEC, which is available at the SEC website.

Farmland Partners Trading Up 1.8 %

Shares of FPI stock opened at $12.32 on Monday. The firm has a fifty day simple moving average of $11.98 and a two-hundred day simple moving average of $11.17. Farmland Partners Inc. has a 12 month low of $9.70 and a 12 month high of $13.04. The firm has a market capitalization of $593.49 million, a PE ratio of 44.00 and a beta of 0.70.

Farmland Partners Increases Dividend

The company 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. This is a positive change from Farmland Partners’s previous dividend of $0.13. The ex-dividend date of this dividend is Monday, December 23rd. Farmland Partners’s dividend payout ratio is presently 85.71%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Taylor Frigon Capital Management LLC increased its position in shares of Farmland Partners by 1.0% during the second quarter. Taylor Frigon Capital Management LLC now owns 115,616 shares of the financial services provider’s stock valued at $1,333,000 after acquiring an additional 1,119 shares during the last quarter. D.A. Davidson & CO. grew its stake in Farmland Partners by 11.3% in the 3rd 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 period. BCGM Wealth Management LLC grew its stake in Farmland Partners by 0.6% in the 3rd quarter. BCGM Wealth Management LLC now owns 261,341 shares of the financial services provider’s stock valued at $2,731,000 after purchasing an additional 1,510 shares during the period. Capital Square LLC increased its position in shares of Farmland Partners by 4.3% during the 3rd quarter. Capital Square LLC now owns 40,125 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 1,637 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake 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 period. 58.00% of the stock is currently owned by hedge funds and other institutional investors.

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.