Oppenheimer & Co. Inc. Has $3.22 Million Position in Farmland Partners Inc. (NYSE:FPI)

Oppenheimer & Co. Inc. trimmed its holdings in shares of Farmland Partners Inc. (NYSE:FPI) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 307,971 shares of the financial services provider’s stock after selling 4,380 shares during the period. Oppenheimer & Co. Inc.’s holdings in Farmland Partners were worth $3,218,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. MQS Management LLC boosted its position in Farmland Partners by 61.7% during the third quarter. MQS Management LLC now owns 18,765 shares of the financial services provider’s stock valued at $196,000 after purchasing an additional 7,160 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Farmland Partners during the 3rd quarter worth approximately $173,000. GSA Capital Partners LLP acquired a new stake in shares of Farmland Partners in the 3rd quarter valued at approximately $105,000. State of New Jersey Common Pension Fund D grew its stake in shares of Farmland Partners by 10.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 194,088 shares of the financial services provider’s stock valued at $2,028,000 after buying an additional 18,465 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new position in Farmland Partners during the third quarter worth $197,000. Institutional investors own 58.00% of the company’s stock.

Farmland Partners Stock Up 0.8 %

Shares of NYSE FPI opened at $12.18 on Friday. Farmland Partners Inc. has a twelve month low of $9.70 and a twelve month high of $13.12. The company has a market cap of $586.71 million, a PE ratio of 43.50 and a beta of 0.69. The business’s 50 day moving average price is $11.01 and its two-hundred day moving average price is $10.93.

Farmland Partners Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.