Stifel Financial Corp Buys 62,875 Shares of Farmland Partners Inc. (NYSE:FPI)

Stifel Financial Corp lifted its stake in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) by 130.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 111,254 shares of the financial services provider's stock after buying an additional 62,875 shares during the quarter. Stifel Financial Corp owned about 0.23% of Farmland Partners worth $1,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of FPI. SG Americas Securities LLC bought a new position in shares of Farmland Partners in the 2nd quarter worth approximately $101,000. GSA Capital Partners LLP purchased a new stake in Farmland Partners in the third quarter worth $105,000. Point72 Asset Management L.P. purchased a new stake in Farmland Partners in the third quarter worth $111,000. D.A. Davidson & CO. raised its holdings in Farmland Partners by 11.3% in the third quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider's stock worth $122,000 after purchasing an additional 1,182 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Farmland Partners by 22.0% during the third quarter. BNP Paribas Financial Markets now owns 12,107 shares of the financial services provider's stock valued at $127,000 after buying an additional 2,183 shares during the period. 58.00% of the stock is owned by institutional investors.

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.

Insider Buying and Selling

In other news, Director John A. Good purchased 15,000 shares of Farmland Partners stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average price of $12.23 per share, with a total value of $183,450.00. Following the completion of the transaction, the director now directly owns 101,465 shares of the company's stock, valued at approximately $1,240,916.95. The trade was a 17.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.30% of the stock is currently owned by company insiders.

Farmland Partners Price Performance

FPI stock traded down $1.08 on Monday, reaching $11.24. 816,931 shares of the company traded hands, compared to its average volume of 335,863. The firm has a fifty day simple moving average of $11.99 and a 200-day simple moving average of $11.17. The company has a market cap of $541.46 million, a P/E ratio of 40.14 and a beta of 0.70. Farmland Partners Inc. has a one year low of $9.70 and a one year high of $13.04.

Farmland Partners Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd will be given a $1.15 dividend. The ex-dividend date is Monday, December 23rd. This is a positive change from Farmland Partners's previous dividend of $0.13. Farmland Partners's payout ratio is currently 85.71%.

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.