Janney Montgomery Scott LLC Has $437,000 Stock Holdings in Farmland Partners Inc. (NYSE:FPI)

Janney Montgomery Scott LLC grew its holdings in Farmland Partners Inc. (NYSE:FPIGet Rating) by 5.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 30,910 shares of the financial services provider’s stock after acquiring an additional 1,500 shares during the period. Janney Montgomery Scott LLC’s holdings in Farmland Partners were worth $437,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FPI. Daiwa Securities Group Inc. raised its stake in shares of Farmland Partners by 10.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 8,577 shares of the financial services provider’s stock valued at $118,000 after buying an additional 815 shares in the last quarter. Garner Asset Management Corp raised its stake in shares of Farmland Partners by 6.7% in the 1st quarter. Garner Asset Management Corp now owns 417,970 shares of the financial services provider’s stock valued at $5,747,000 after buying an additional 26,338 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Farmland Partners by 931.3% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 20,626 shares of the financial services provider’s stock worth $284,000 after purchasing an additional 18,626 shares in the last quarter. BCGM Wealth Management LLC increased its position in shares of Farmland Partners by 11.9% during the 1st quarter. BCGM Wealth Management LLC now owns 142,203 shares of the financial services provider’s stock worth $2,093,000 after purchasing an additional 15,135 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Farmland Partners by 28.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 49,629 shares of the financial services provider’s stock worth $682,000 after purchasing an additional 11,051 shares in the last quarter. Institutional investors and hedge funds own 42.52% of the company’s stock.

Farmland Partners Stock Down 2.1 %

Shares of Farmland Partners stock opened at $13.74 on Friday. Farmland Partners Inc. has a 12-month low of $10.62 and a 12-month high of $16.43. The company has a 50-day simple moving average of $13.67 and a 200 day simple moving average of $14.18. The stock has a market capitalization of $749.93 million, a P/E ratio of 72.32 and a beta of 0.78.

Farmland Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Monday, January 2nd will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Thursday, December 29th. Farmland Partners’s dividend payout ratio is currently 126.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FPI shares. Raymond James increased their target price on shares of Farmland Partners from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 14th. StockNews.com started coverage on shares of Farmland Partners in a research report on Wednesday, October 12th. They set a “sell” rating for the company.

Farmland Partners Profile

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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 the date of this release, the Company owns approximately 155,000 acres in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota and Virginia.

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Institutional Ownership by Quarter for Farmland Partners (NYSE:FPI)

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