Farmland Partners (NYSE:FPI - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Saturday.
Farmland Partners Trading Up 1.2 %
Shares of FPI stock traded up $0.14 on Friday, hitting $12.30. The stock had a trading volume of 297,888 shares, compared to its average volume of 289,961. The firm has a market cap of $592.49 million, a P/E ratio of 43.93 and a beta of 0.69. Farmland Partners has a twelve month low of $9.70 and a twelve month high of $13.12. The company has a fifty day moving average price of $10.81 and a two-hundred day moving average price of $10.88.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Lazard Asset Management LLC acquired a new stake in Farmland Partners in the 1st quarter valued at $35,000. EntryPoint Capital LLC increased its position in shares of Farmland Partners by 68.9% in the first 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 during the last quarter. SG Americas Securities LLC bought a new stake in Farmland Partners during the second quarter worth about $101,000. GSA Capital Partners LLP acquired a new position in Farmland Partners during the third quarter valued at approximately $105,000. Finally, MQS Management LLC bought a new position in Farmland Partners in the second quarter valued at approximately $134,000. 58.00% of the stock is owned by institutional investors and hedge funds.
Farmland Partners Company Profile
(
Get Free Report)
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.
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