Eqis Capital Management Inc. Trims Stake in Farmland Partners Inc. (NYSE:FPI)

Eqis Capital Management Inc. cut its position in shares of Farmland Partners Inc. (NYSE:FPIGet Rating) by 5.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,983 shares of the financial services provider’s stock after selling 1,502 shares during the period. Eqis Capital Management Inc.’s holdings in Farmland Partners were worth $342,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FPI. Janney Montgomery Scott LLC boosted its position in shares of Farmland Partners by 5.1% during the second quarter. Janney Montgomery Scott LLC now owns 30,910 shares of the financial services provider’s stock valued at $437,000 after buying an additional 1,500 shares during the period. State of Alaska Department of Revenue boosted its holdings in Farmland Partners by 11.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 24,123 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 2,532 shares during the period. Charles Schwab Investment Management Inc. grew its position in Farmland Partners by 3.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 74,790 shares of the financial services provider’s stock valued at $1,029,000 after acquiring an additional 2,655 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Farmland Partners in the second quarter worth $42,000. Finally, Amalgamated Bank bought a new stake in shares of Farmland Partners during the first quarter worth $48,000. 46.51% of the stock is currently owned by institutional investors.

Farmland Partners Stock Up 1.4 %

Shares of NYSE FPI opened at $12.63 on Thursday. Farmland Partners Inc. has a twelve month low of $10.62 and a twelve month high of $16.43. The firm has a market cap of $689.40 million, a PE ratio of 66.48 and a beta of 0.76. The business has a fifty day simple moving average of $13.16 and a two-hundred day simple moving average of $13.72.

Farmland Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Monday, January 2nd will be issued a $0.06 dividend. The ex-dividend date is Thursday, December 29th. This represents a $0.24 annualized dividend and a dividend yield of 1.90%. Farmland Partners’s payout ratio is currently 126.32%.

Analyst Ratings Changes

FPI has been the topic of a number of research analyst reports. Raymond James upped their price target on shares of Farmland Partners from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Wednesday, September 14th. StockNews.com upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, December 28th.

About Farmland Partners

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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.

Further Reading

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

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