John A. Good Acquires 15,000 Shares of Farmland Partners Inc. (NYSE:FPI) Stock

Farmland Partners Inc. (NYSE:FPI) Director John A. Good acquired 15,000 shares of the stock in a transaction on Thursday, December 19th. The shares were acquired at an average cost of $12.23 per share, for a total transaction of $183,450.00. Following the completion of the transaction, the director now directly owns 101,465 shares in the company, valued at $1,240,916.95. The trade was a 17.35 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Farmland Partners Price Performance

NYSE:FPI opened at $12.32 on Friday. The firm has a market cap of $593.49 million, a price-to-earnings ratio of 44.00 and a beta of 0.70. The firm’s fifty day moving average price is $11.98 and its 200 day moving average price is $11.16. Farmland Partners Inc. has a 1-year low of $9.70 and a 1-year high of $13.04.

Farmland Partners Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd will be paid a dividend of $1.15 per share. This is a positive change from Farmland Partners’s previous dividend of $0.13. The ex-dividend date is Monday, December 23rd. Farmland Partners’s payout ratio is 85.71%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FPI. Massachusetts Financial Services Co. MA increased its position in Farmland Partners by 6.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,461,738 shares of the financial services provider’s stock worth $39,914,000 after purchasing an additional 202,264 shares during the period. Accordant Advisory Group Inc grew its holdings in Farmland Partners by 56.9% during the third quarter. Accordant Advisory Group Inc now owns 812,976 shares of the financial services provider’s stock worth $8,496,000 after acquiring an additional 294,980 shares during the period. Charles Schwab Investment Management Inc. raised its position in Farmland Partners by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 370,291 shares of the financial services provider’s stock worth $3,870,000 after acquiring an additional 19,805 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Farmland Partners in the second quarter worth $1,853,000. Finally, SG Americas Securities LLC acquired a new stake in Farmland Partners in the second quarter valued at $101,000. 58.00% of the stock is owned by hedge funds and other institutional investors.

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.