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

Millburn Ridgefield Corp lessened its position in shares of Farmland Partners Inc. (NYSE:FPI) by 17.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,702 shares of the financial services provider’s stock after selling 3,166 shares during the period. Millburn Ridgefield Corp’s holdings in Farmland Partners were worth $183,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its position in Farmland Partners by 15.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 36,100 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 4,811 shares during the period. Bailard Inc. acquired a new position in shares of Farmland Partners during the third quarter worth approximately $348,000. Taylor Frigon Capital Management LLC grew its holdings in Farmland Partners by 1.9% in 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. Park Avenue Securities LLC acquired a new stake in Farmland Partners in the 3rd quarter valued at approximately $108,000. Finally, Diligent Investors LLC bought a new stake in Farmland Partners during the 3rd quarter valued at $110,000. Institutional investors and hedge funds own 58.00% of the company’s stock.

Farmland Partners Stock Up 0.8 %

Shares of NYSE FPI traded up $0.09 during mid-day trading on Friday, hitting $11.21. 404,231 shares of the company traded hands, compared to its average volume of 293,165. Farmland Partners Inc. has a 1 year low of $9.95 and a 1 year high of $13.27. The stock has a market capitalization of $539.76 million, a price-to-earnings ratio of 21.98 and a beta of 0.75. The business has a 50 day moving average of $10.87 and a two-hundred day moving average of $11.40.

Farmland Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, June 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.14%. Farmland Partners’s dividend payout ratio is 47.06%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FPI. StockNews.com upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a research note on Friday, March 8th. Roth Capital reissued a “buy” rating on shares of Farmland Partners in a research note on Thursday, February 8th.

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.