Farmland Partners (NYSE:FPI) Sees Unusually-High Trading Volume – Time to Buy?

Farmland Partners Inc. (NYSE:FPI) shares saw strong trading volume on Wednesday . 193,576 shares were traded during trading, a decline of 35% from the previous session’s volume of 297,350 shares.The stock last traded at $11.71 and had previously closed at $11.63.

Wall Street Analysts Forecast Growth

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

Farmland Partners Stock Performance

The firm has a fifty day simple moving average of $12.15 and a 200-day simple moving average of $11.20. The company has a market capitalization of $550.62 million, a PE ratio of 40.82 and a beta of 0.70.

Farmland Partners Increases Dividend

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

Insider Activity

In related news, Director John A. Good bought 15,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of $12.23 per share, with a total value of $183,450.00. Following the completion of the transaction, the director now directly owns 101,465 shares of the company’s stock, valued at approximately $1,240,916.95. This represents a 17.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On Farmland Partners

Large investors have recently added to or reduced their stakes in the stock. Accordant Advisory Group Inc boosted its stake 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 valued at $8,496,000 after buying an additional 294,980 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Farmland Partners by 6.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,672,919 shares of the financial services provider’s stock valued at $38,382,000 after buying an additional 211,181 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in Farmland Partners during the second quarter valued at about $2,025,000. Stifel Financial Corp boosted its stake in Farmland Partners by 130.0% during the third quarter. Stifel Financial Corp now owns 111,254 shares of the financial services provider’s stock valued at $1,163,000 after buying an additional 62,875 shares in the last quarter. Finally, Barclays PLC boosted its stake in Farmland Partners by 221.7% during the third quarter. Barclays PLC now owns 68,150 shares of the financial services provider’s stock valued at $712,000 after buying an additional 46,968 shares in the last quarter. 58.00% of the stock is owned by institutional investors and hedge funds.

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.