Massachusetts Financial Services Co. MA Raises Stake in Farmland Partners Inc. (NYSE:FPI)

Massachusetts Financial Services Co. MA boosted its holdings in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) by 6.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,672,919 shares of the financial services provider's stock after acquiring an additional 211,181 shares during the period. Massachusetts Financial Services Co. MA owned 7.62% of Farmland Partners worth $38,382,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of FPI. Lazard Asset Management LLC acquired a new stake in shares of Farmland Partners during the 1st quarter worth approximately $35,000. EntryPoint Capital LLC lifted its stake in Farmland Partners by 68.9% during the 1st quarter. EntryPoint Capital LLC now owns 4,801 shares of the financial services provider's stock valued at $53,000 after acquiring an additional 1,959 shares in the last quarter. SG Americas Securities LLC purchased a new position in Farmland Partners in the second quarter worth $101,000. GSA Capital Partners LLP purchased a new position in shares of Farmland Partners during the 3rd quarter valued at $105,000. Finally, MQS Management LLC bought a new position in shares of Farmland Partners during the 2nd quarter worth $134,000. 58.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Farmland Partners from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th.

Farmland Partners Trading Up 1.8 %

Shares of FPI stock traded up $0.22 during trading hours on Monday, reaching $12.77. The stock had a trading volume of 105,856 shares, compared to its average volume of 331,159. The stock's fifty day simple moving average is $11.22 and its 200 day simple moving average is $10.97. The firm has a market capitalization of $615.17 million, a PE ratio of 45.54 and a beta of 0.69. Farmland Partners Inc. has a 12 month low of $9.70 and a 12 month high of $13.12.

Farmland Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.88%. Farmland Partners's payout ratio is currently 85.71%.

About Farmland Partners

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.