Farmland Partners (NYSE:FPI) Rating Increased to Hold at StockNews.com

Farmland Partners (NYSE:FPI) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Farmland Partners Stock Up 6.2 %

FPI stock traded up $0.69 during midday trading on Thursday, reaching $11.73. The stock had a trading volume of 539,351 shares, compared to its average volume of 321,652. The firm has a market cap of $564.76 million, a price-to-earnings ratio of 41.88 and a beta of 0.70. Farmland Partners has a twelve month low of $9.70 and a twelve month high of $13.12. The business has a fifty day simple moving average of $10.54 and a two-hundred day simple moving average of $10.81.

Insiders Place Their Bets

In related news, Director John A. Good acquired 24,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average price of $10.15 per share, for a total transaction of $243,600.00. Following the completion of the acquisition, the director now owns 86,465 shares of the company’s stock, valued at $877,619.75. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 8.30% of the company’s stock.

Institutional Investors Weigh In On Farmland Partners

Several hedge funds have recently bought and sold shares of FPI. Ballentine Partners LLC bought a new stake in Farmland Partners during the 3rd quarter worth approximately $197,000. Taylor Frigon Capital Management LLC increased its position in shares of 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 acquiring an additional 6,138 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Farmland Partners during the third quarter worth $1,700,000. Accordant Advisory Group Inc raised its holdings in shares of 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 worth $8,496,000 after acquiring an additional 294,980 shares during the period. Finally, Annex Advisory Services LLC lifted its position in Farmland Partners by 36.7% in the 3rd quarter. Annex Advisory Services LLC now owns 71,509 shares of the financial services provider’s stock valued at $747,000 after acquiring an additional 19,204 shares in the last quarter. 58.00% of the stock is currently 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.