Millburn Ridgefield Corp Trims Stake in Farmland Partners Inc. (NYSE:FPI)

Millburn Ridgefield Corp reduced its position in Farmland Partners Inc. (NYSE:FPI) by 17.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,702 shares of the financial services provider’s stock after selling 3,166 shares during the quarter. Millburn Ridgefield Corp’s holdings in Farmland Partners were worth $183,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Farmland Partners by 2.8% in the third quarter. Vanguard Group Inc. now owns 2,468,003 shares of the financial services provider’s stock valued at $25,322,000 after purchasing an additional 68,105 shares during the period. Deutsche Bank AG raised its holdings in shares of Farmland Partners by 0.7% in the third quarter. Deutsche Bank AG now owns 624,220 shares of the financial services provider’s stock worth $6,404,000 after acquiring an additional 4,044 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Farmland Partners by 10.5% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 54,010 shares of the financial services provider’s stock valued at $674,000 after acquiring an additional 5,149 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Farmland Partners by 3.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,336,001 shares of the financial services provider’s stock valued at $23,967,000 after purchasing an additional 76,688 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of Farmland Partners by 25.3% during the 3rd quarter. New York State Common Retirement Fund now owns 17,293 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 3,492 shares during the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.

Farmland Partners Trading Up 0.8 %

NYSE:FPI traded up $0.09 during mid-day trading on Friday, hitting $11.21. The stock had a trading volume of 404,231 shares, compared to its average volume of 293,165. Farmland Partners Inc. has a 52 week low of $9.95 and a 52 week high of $13.27. The stock has a market capitalization of $539.76 million, a price-to-earnings ratio of 21.98 and a beta of 0.75. The company has a 50 day simple moving average of $10.87 and a 200-day simple moving average of $11.40.

Farmland Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.14%. Farmland Partners’s dividend payout ratio (DPR) is 47.06%.

Wall Street Analysts Forecast Growth

FPI has been the topic of several recent analyst reports. StockNews.com raised shares of Farmland Partners from a “sell” rating to a “hold” rating in a research note on Friday, March 8th. Roth Capital reaffirmed a “buy” rating on shares of Farmland Partners in a research report on Thursday, February 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.