Farmland Partners Inc. (NYSE:FPI) Director Buys $183,450.00 in Stock

Farmland Partners Inc. (NYSE:FPI) Director John A. Good bought 15,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was purchased at an average cost of $12.23 per share, for a total transaction of $183,450.00. Following the transaction, the director now directly owns 101,465 shares of the company’s stock, valued at $1,240,916.95. The trade was a 17.35 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Farmland Partners Stock Up 1.8 %

Shares of Farmland Partners stock opened at $12.32 on Friday. The stock has a market capitalization of $593.49 million, a price-to-earnings ratio of 44.00 and a beta of 0.70. Farmland Partners Inc. has a twelve month low of $9.70 and a twelve month high of $13.04. The company has a 50-day simple moving average of $11.98 and a two-hundred day simple moving average of $11.16.

Farmland Partners Increases Dividend

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Farmland Partners

A number of large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in shares of Farmland Partners during the 2nd quarter valued at $101,000. GSA Capital Partners LLP acquired a new position in Farmland Partners in the third quarter valued at about $105,000. Point72 Asset Management L.P. bought a new stake in Farmland Partners during the third quarter worth about $111,000. MQS Management LLC acquired a new stake in Farmland Partners during the second quarter worth about $134,000. Finally, D.A. Davidson & CO. grew its stake in Farmland Partners by 11.3% during the third quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider’s stock worth $122,000 after buying an additional 1,182 shares in the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.

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.