Farmland Partners Inc. (NYSE:FPI) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC lifted its position in Farmland Partners Inc. (NYSE:FPI) by 41.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,118 shares of the financial services provider’s stock after purchasing an additional 18,152 shares during the period. Jane Street Group LLC’s holdings in Farmland Partners were worth $649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in Farmland Partners in the third quarter valued at $105,000. Point72 Asset Management L.P. purchased a new stake in shares of Farmland Partners during the 3rd quarter worth about $111,000. MQS Management LLC acquired a new stake in shares of Farmland Partners during the 2nd quarter valued at about $134,000. D.A. Davidson & CO. increased 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 in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings 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 worth $127,000 after purchasing an additional 2,183 shares during the period. 58.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Farmland Partners

In other news, Director John A. Good acquired 15,000 shares of Farmland Partners stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of $12.23 per share, with a total value of $183,450.00. Following the purchase, the director now owns 101,465 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 8.30% of the company’s stock.

Analysts Set New Price Targets

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

Farmland Partners Stock Performance

Farmland Partners stock opened at $11.88 on Friday. The stock has a market capitalization of $572.30 million, a P/E ratio of 42.43 and a beta of 0.70. The company’s fifty day moving average price is $12.11 and its 200 day moving average price is $11.20. Farmland Partners Inc. has a 1 year low of $9.70 and a 1 year high of $12.85.

Farmland Partners Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd will be given a $1.15 dividend. This is a positive change from Farmland Partners’s previous dividend of $0.13. The ex-dividend date is Monday, December 23rd. Farmland Partners’s dividend payout ratio (DPR) is 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.