NewEdge Wealth LLC Has $182,000 Holdings in Farmland Partners Inc. (NYSE:FPI)

NewEdge Wealth LLC lessened its stake in Farmland Partners Inc. (NYSE:FPI) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,547 shares of the financial services provider’s stock after selling 1,316 shares during the quarter. NewEdge Wealth LLC’s holdings in Farmland Partners were worth $182,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FPI. Comerica Bank bought a new position in shares of Farmland Partners in the third quarter valued at approximately $39,000. Chilton Capital Management LLC bought a new position in shares of Farmland Partners in the first quarter valued at approximately $64,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Farmland Partners in the second quarter valued at approximately $84,000. Federated Hermes Inc. bought a new position in shares of Farmland Partners in the third quarter valued at approximately $84,000. Finally, Park Avenue Securities LLC bought a new position in shares of Farmland Partners in the third quarter valued at approximately $108,000. Institutional investors own 58.00% of the company’s stock.

Farmland Partners Trading Up 1.6 %

Shares of Farmland Partners stock opened at $10.58 on Friday. The business’s fifty day simple moving average is $10.97 and its 200 day simple moving average is $11.36. The firm has a market capitalization of $509.43 million, a P/E ratio of 20.35 and a beta of 0.75. Farmland Partners Inc. has a 12 month low of $9.95 and a 12 month high of $13.27.

Farmland Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Thursday, March 28th. Farmland Partners’s dividend payout ratio is currently 46.15%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FPI shares. Raymond James raised their target price on Farmland Partners from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, December 26th. Roth Capital reiterated a “buy” rating on shares of Farmland Partners in a report on Thursday, February 8th. Finally, StockNews.com upgraded Farmland Partners from a “sell” rating to a “hold” rating in a report on Friday, March 8th.

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.