Farmland Partners Inc. (NYSE:FPI) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) by 38.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,930 shares of the financial services provider's stock after selling 62,518 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of Farmland Partners worth $1,055,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Farmland Partners during the 2nd quarter worth approximately $101,000. GSA Capital Partners LLP acquired a new stake in shares of Farmland Partners in the third quarter valued at $105,000. MQS Management LLC acquired a new stake in shares of Farmland Partners in the second quarter valued at $134,000. D.A. Davidson & CO. lifted its stake in Farmland Partners by 11.3% during the 3rd quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider's stock worth $122,000 after acquiring an additional 1,182 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Farmland Partners by 22.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,107 shares of the financial services provider's stock valued at $127,000 after acquiring an additional 2,183 shares in the last quarter. 58.00% of the stock is owned by hedge funds and other institutional investors.

Farmland Partners Trading Down 0.3 %

NYSE:FPI traded down $0.04 during midday trading on Thursday, reaching $12.10. The company had a trading volume of 597,238 shares, compared to its average volume of 330,476. Farmland Partners Inc. has a 12-month low of $9.70 and a 12-month high of $13.08. The firm has a market capitalization of $582.89 million, a price-to-earnings ratio of 43.21 and a beta of 0.70. The stock's fifty day simple moving average is $11.92 and its 200-day simple moving average is $11.15.

Farmland Partners Increases Dividend

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Farmland Partners from a "sell" rating to a "hold" rating in a research note 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.