UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stake in Farmland Partners Inc. (NYSE:FPI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Farmland Partners Inc. (NYSE:FPI) by 38.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,930 shares of the financial services provider’s stock after selling 62,518 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Farmland Partners were worth $1,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Farmland Partners Price Performance

Farmland Partners stock opened at $12.14 on Thursday. The firm has a market capitalization of $584.82 million, a P/E ratio of 43.36 and a beta of 0.70. Farmland Partners Inc. has a 1-year low of $9.70 and a 1-year high of $13.08. The company’s 50-day moving average is $11.89 and its 200 day moving average is $11.14.

Farmland Partners Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, January 8th. Investors of record on Monday, December 23rd will be paid a dividend of $1.15 per share. This is a positive change from Farmland Partners’s previous dividend of $0.13. The ex-dividend date of this dividend is Monday, December 23rd. Farmland Partners’s dividend payout ratio (DPR) is currently 85.71%.

Wall Street Analysts Forecast Growth

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.