StockNews.com Upgrades Farmland Partners (NYSE:FPI) to Hold

Farmland Partners (NYSE:FPI) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Farmland Partners Price Performance

FPI opened at $12.31 on Friday. The stock’s 50 day moving average price is $10.81 and its 200 day moving average price is $10.88. The stock has a market cap of $593.01 million, a P/E ratio of 43.96 and a beta of 0.69. Farmland Partners has a 12 month low of $9.70 and a 12 month high of $13.12.

Institutional Trading of Farmland Partners

Several institutional investors have recently modified their holdings of FPI. Massachusetts Financial Services Co. MA increased its holdings in shares of Farmland Partners by 6.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,461,738 shares of the financial services provider’s stock valued at $39,914,000 after buying an additional 202,264 shares in the last quarter. Accordant Advisory Group Inc lifted its holdings in shares of Farmland Partners by 56.9% during the third quarter. Accordant Advisory Group Inc now owns 812,976 shares of the financial services provider’s stock valued at $8,496,000 after purchasing an additional 294,980 shares during the last quarter. BCGM Wealth Management LLC increased its stake in Farmland Partners by 0.6% in the 3rd quarter. BCGM Wealth Management LLC now owns 261,341 shares of the financial services provider’s stock worth $2,731,000 after purchasing an additional 1,510 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Farmland Partners by 5.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 255,843 shares of the financial services provider’s stock worth $2,950,000 after buying an additional 14,233 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its stake in Farmland Partners by 10.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 194,088 shares of the financial services provider’s stock valued at $2,028,000 after buying an additional 18,465 shares in the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.

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.