SG Americas Securities LLC Boosts Holdings in Farmland Partners Inc. (NYSE:FPI)

SG Americas Securities LLC raised its position in shares of Farmland Partners Inc. (NYSE:FPI) by 16.5% in the fourth quarter, Holdings Channel reports. The firm owned 18,704 shares of the financial services provider’s stock after acquiring an additional 2,651 shares during the quarter. SG Americas Securities LLC’s holdings in Farmland Partners were worth $220,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FPI. GSA Capital Partners LLP purchased a new stake in Farmland Partners during the 3rd quarter valued at $105,000. Point72 Asset Management L.P. bought a new position in shares of Farmland Partners during the third quarter valued at $111,000. D.A. Davidson & CO. boosted its position in shares of Farmland Partners by 11.3% during the third quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider’s stock valued at $122,000 after buying an additional 1,182 shares during the last quarter. Virtu Financial LLC purchased a new position in Farmland Partners in the 3rd quarter worth about $123,000. Finally, BNP Paribas Financial Markets lifted its stake in Farmland Partners by 22.0% during 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 during the period. 58.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 9th.

Insider Transactions at Farmland Partners

In other news, Director John A. Good bought 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average cost of $12.23 per share, for a total transaction of $183,450.00. Following the completion of the transaction, the director now owns 101,465 shares of the company’s stock, valued at approximately $1,240,916.95. This represents a 17.35 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 9.50% of the company’s stock.

Farmland Partners Stock Performance

NYSE:FPI opened at $11.80 on Friday. The stock has a 50-day simple moving average of $11.87 and a two-hundred day simple moving average of $11.23. Farmland Partners Inc. has a 52-week low of $9.70 and a 52-week high of $12.85. The firm has a market capitalization of $568.36 million, a PE ratio of 42.14 and a beta of 0.69.

Farmland Partners Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd were given a $1.15 dividend. This is an increase from Farmland Partners’s previous dividend of $0.13. The ex-dividend date was Monday, December 23rd. Farmland Partners’s payout ratio is presently 85.71%.

Farmland Partners 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.