Farmland Partners (NYSE:FPI) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Farmland Partners Inc. (NYSE:FPI) saw an uptick in trading volume on Thursday . 1,315,670 shares changed hands during mid-day trading, an increase of 304% from the previous session’s volume of 325,499 shares.The stock last traded at $12.38 and had previously closed at $12.41.

Wall Street Analyst Weigh In

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

Farmland Partners Price Performance

The stock has a 50-day moving average price of $11.15 and a 200-day moving average price of $10.95. The company has a market capitalization of $602.61 million, a price-to-earnings ratio of 44.82 and a beta of 0.69.

Farmland Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a $0.06 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.92%. Farmland Partners’s dividend payout ratio is currently 85.71%.

Institutional Investors Weigh In On Farmland Partners

A number of institutional investors have recently modified their holdings of FPI. Lazard Asset Management LLC bought a new position in shares of Farmland Partners in the first quarter worth $35,000. EntryPoint Capital LLC lifted its holdings in shares of Farmland Partners by 68.9% during the 1st quarter. EntryPoint Capital LLC now owns 4,801 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 1,959 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Farmland Partners during the 2nd quarter worth approximately $101,000. GSA Capital Partners LLP bought a new position in Farmland Partners in the third quarter valued at approximately $105,000. Finally, Point72 Asset Management L.P. acquired a new position in Farmland Partners during the third quarter valued at approximately $111,000. Institutional investors own 58.00% of the company’s stock.

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.