Farmland Partners Inc. (NYSE:FPI) Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC reduced its position in shares of Farmland Partners Inc. (NYSE:FPI) by 16.2% during the 4th quarter, HoldingsChannel reports. The fund owned 11,687 shares of the financial services provider’s stock after selling 2,266 shares during the period. Catalyst Capital Advisors LLC’s holdings in Farmland Partners were worth $137,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FPI. SG Americas Securities LLC lifted its stake in Farmland Partners by 82.6% in the 3rd quarter. SG Americas Securities LLC now owns 16,053 shares of the financial services provider’s stock valued at $168,000 after buying an additional 7,264 shares in the last quarter. Accordant Advisory Group Inc raised its position in shares of Farmland Partners by 56.9% during the 3rd quarter. Accordant Advisory Group Inc now owns 812,976 shares of the financial services provider’s stock valued at $8,496,000 after buying an additional 294,980 shares during the period. International Assets Investment Management LLC purchased a new stake in Farmland Partners in the third quarter valued at approximately $1,700,000. Taylor Frigon Capital Management LLC raised its position in Farmland Partners by 5.3% in the third quarter. Taylor Frigon Capital Management LLC now owns 121,754 shares of the financial services provider’s stock valued at $1,272,000 after purchasing an additional 6,138 shares during the period. Finally, Ballentine Partners LLC purchased a new stake in Farmland Partners in the third quarter valued at approximately $197,000. 58.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Farmland Partners news, Director John A. Good purchased 15,000 shares of the stock in a transaction dated Thursday, December 19th. The shares were acquired 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 directly owns 101,465 shares of the company’s stock, valued at $1,240,916.95. This trade represents a 17.35 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 8.30% of the stock is currently owned by corporate insiders.

Farmland Partners Price Performance

NYSE FPI opened at $11.80 on Tuesday. Farmland Partners Inc. has a 1 year low of $9.70 and a 1 year high of $12.85. The company has a market capitalization of $568.17 million, a PE ratio of 42.13 and a beta of 0.69. The company has a fifty day moving average of $11.79 and a two-hundred day moving average of $11.29.

Farmland Partners Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were issued a dividend of $1.15 per share. This is a boost from Farmland Partners’s previous dividend of $0.13. The ex-dividend date was Monday, December 23rd. Farmland Partners’s dividend payout ratio is currently 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.