International Assets Investment Management LLC Takes Position in Farmland Partners Inc. (NYSE:FPI)

International Assets Investment Management LLC acquired a new stake in Farmland Partners Inc. (NYSE:FPI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 36,192 shares of the financial services provider’s stock, valued at approximately $452,000. International Assets Investment Management LLC owned 0.08% of Farmland Partners as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Farmland Partners by 2.8% in the third quarter. Vanguard Group Inc. now owns 2,468,003 shares of the financial services provider’s stock valued at $25,322,000 after purchasing an additional 68,105 shares during the period. Deutsche Bank AG grew its position in shares of Farmland Partners by 0.7% in the third quarter. Deutsche Bank AG now owns 624,220 shares of the financial services provider’s stock valued at $6,404,000 after purchasing an additional 4,044 shares during the period. Massachusetts Financial Services Co. MA grew its position in Farmland Partners by 3.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,336,001 shares of the financial services provider’s stock valued at $23,967,000 after acquiring an additional 76,688 shares during the period. New York State Common Retirement Fund grew its position in Farmland Partners by 25.3% during the third quarter. New York State Common Retirement Fund now owns 17,293 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 3,492 shares during the period. Finally, Bailard Inc. purchased a new stake in Farmland Partners during the third quarter valued at about $348,000. Hedge funds and other institutional investors own 58.00% of the company’s stock.

Farmland Partners Price Performance

Shares of NYSE FPI opened at $10.75 on Friday. Farmland Partners Inc. has a 1-year low of $9.95 and a 1-year high of $13.27. The business has a 50-day moving average of $10.91 and a 200-day moving average of $11.38. The company has a market capitalization of $517.61 million, a price-to-earnings ratio of 20.67 and a beta of 0.75.

Farmland Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Thursday, March 28th. Farmland Partners’s payout ratio is 46.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com raised Farmland Partners from a “sell” rating to a “hold” rating in a research report on Friday, March 8th. Roth Capital reissued a “buy” rating on shares of Farmland Partners in a research report on Thursday, February 8th.

Farmland Partners 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.