MQS Management LLC Purchases 7,160 Shares of Farmland Partners Inc. (NYSE:FPI)

MQS Management LLC lifted its position in Farmland Partners Inc. (NYSE:FPI) by 61.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,765 shares of the financial services provider’s stock after acquiring an additional 7,160 shares during the quarter. MQS Management LLC’s holdings in Farmland Partners were worth $196,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Aigen Investment Management LP bought a new stake in shares of Farmland Partners in the 3rd quarter worth $173,000. GSA Capital Partners LLP purchased a new stake in Farmland Partners during the third quarter worth about $105,000. State of New Jersey Common Pension Fund D increased its holdings in Farmland Partners by 10.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 194,088 shares of the financial services provider’s stock worth $2,028,000 after buying an additional 18,465 shares during the last quarter. Ballentine Partners LLC purchased a new stake in Farmland Partners during the third quarter worth about $197,000. Finally, Taylor Frigon Capital Management LLC increased its holdings in Farmland Partners by 5.3% during the third quarter. Taylor Frigon Capital Management LLC now owns 121,754 shares of the financial services provider’s stock worth $1,272,000 after buying an additional 6,138 shares during the last quarter. Institutional investors own 58.00% of the company’s stock.

Analysts Set New Price Targets

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

Farmland Partners Stock Performance

NYSE FPI opened at $12.18 on Friday. Farmland Partners Inc. has a 52-week low of $9.70 and a 52-week high of $13.12. The company has a 50-day simple moving average of $11.01 and a 200 day simple moving average of $10.93. The company has a market capitalization of $586.71 million, a PE ratio of 43.50 and a beta of 0.69.

Farmland Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.97%. Farmland Partners’s payout ratio is 85.71%.

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.