Pier 88 Investment Partners LLC Sells 59,038 Shares of Farmland Partners Inc. (NYSE:FPI)

Pier 88 Investment Partners LLC lowered its position in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) by 51.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,450 shares of the financial services provider's stock after selling 59,038 shares during the quarter. Pier 88 Investment Partners LLC owned about 0.12% of Farmland Partners worth $590,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of FPI. Allspring Global Investments Holdings LLC bought a new stake in Farmland Partners during the first quarter valued at $196,000. BNP Paribas Financial Markets grew its stake in shares of Farmland Partners by 95.2% in the 1st quarter. BNP Paribas Financial Markets now owns 25,899 shares of the financial services provider's stock valued at $287,000 after buying an additional 12,628 shares during the period. EntryPoint Capital LLC grew its stake in shares of Farmland Partners by 68.9% in the 1st quarter. EntryPoint Capital LLC now owns 4,801 shares of the financial services provider's stock valued at $53,000 after buying an additional 1,959 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Farmland Partners by 11.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 62,390 shares of the financial services provider's stock valued at $693,000 after buying an additional 6,450 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of Farmland Partners in the 1st quarter valued at about $35,000. Institutional investors own 58.00% of the company's stock.

Analyst Upgrades and Downgrades

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

Farmland Partners Trading Down 0.8 %

NYSE FPI traded down $0.10 during trading hours on Thursday, hitting $12.08. The company's stock had a trading volume of 419,173 shares, compared to its average volume of 326,030. Farmland Partners Inc. has a 52 week low of $9.70 and a 52 week high of $13.12. The company has a market capitalization of $581.65 million, a PE ratio of 43.04 and a beta of 0.69. The company's 50-day simple moving average is $10.93 and its two-hundred day simple moving average is $10.91.

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 given a $0.06 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $0.24 annualized dividend and a yield of 1.99%. Farmland Partners's payout ratio is 85.71%.

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.