Farmland Partners Inc. (NYSE:FPI) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its holdings in Farmland Partners Inc. (NYSE:FPI) by 20.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,675 shares of the financial services provider’s stock after selling 4,999 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Farmland Partners were worth $206,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of FPI. Lazard Asset Management LLC acquired a new stake in Farmland Partners in the first quarter valued at $35,000. EntryPoint Capital LLC lifted its stake in shares of Farmland Partners by 68.9% in the first quarter. EntryPoint Capital LLC now owns 4,801 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,959 shares during the period. SG Americas Securities LLC purchased a new stake in Farmland Partners during the second quarter worth about $101,000. MQS Management LLC acquired a new position in Farmland Partners during the second quarter worth about $134,000. Finally, Park Avenue Securities LLC grew its position in Farmland Partners by 14.5% during the third quarter. Park Avenue Securities LLC now owns 13,241 shares of the financial services provider’s stock worth $138,000 after buying an additional 1,679 shares during the period. 58.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Farmland Partners Stock Down 1.2 %

Shares of FPI stock opened at $12.16 on Wednesday. The stock has a market cap of $585.78 million, a P/E ratio of 43.43 and a beta of 0.69. Farmland Partners Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $13.12. The business has a fifty day simple moving average of $10.89 and a 200-day simple moving average of $10.90.

Farmland Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Thursday, January 2nd. Farmland Partners’s 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.