Insider Buying: Farmland Partners Inc. (NYSE:FPI) Director Purchases 15,000 Shares of Stock

Farmland Partners Inc. (NYSE:FPI) Director John A. Good purchased 15,000 shares of Farmland Partners stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of $12.23 per share, for a total transaction of $183,450.00. Following the completion of the transaction, the director now 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Farmland Partners Stock Up 1.8 %

Shares of NYSE:FPI traded up $0.22 during midday trading on Friday, reaching $12.32. 1,170,332 shares of the company were exchanged, compared to its average volume of 333,891. Farmland Partners Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $13.04. The stock has a fifty day simple moving average of $11.95 and a two-hundred day simple moving average of $11.15. The firm has a market cap of $593.49 million, a PE ratio of 44.00 and a beta of 0.70.

Farmland Partners Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 8th. Investors of record on Monday, December 23rd will be issued a dividend of $1.15 per share. This is a positive change from Farmland Partners’s previous dividend of $0.13. The ex-dividend date is Monday, December 23rd. Farmland Partners’s dividend payout ratio (DPR) is presently 85.71%.

Institutional Investors Weigh In On Farmland Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in Farmland Partners in the 2nd quarter valued at $101,000. GSA Capital Partners LLP acquired a new stake in Farmland Partners in the 3rd quarter valued at $105,000. Point72 Asset Management L.P. acquired a new stake in Farmland Partners in the 3rd quarter valued at $111,000. D.A. Davidson & CO. increased its stake in Farmland Partners by 11.3% in the 3rd quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider’s stock valued at $122,000 after buying an additional 1,182 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Farmland Partners in the 3rd quarter valued at $123,000. 58.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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 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.