Nisa Investment Advisors LLC Sells 4,759 Shares of Farmland Partners Inc. (NYSE:FPI)

Nisa Investment Advisors LLC decreased its stake in shares of Farmland Partners Inc. (NYSE:FPI) by 12.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 33,665 shares of the financial services provider’s stock after selling 4,759 shares during the quarter. Nisa Investment Advisors LLC owned 0.07% of Farmland Partners worth $352,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in FPI. Massachusetts Financial Services Co. MA increased its stake in Farmland Partners by 6.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,461,738 shares of the financial services provider’s stock valued at $39,914,000 after acquiring an additional 202,264 shares during the period. Accordant Advisory Group Inc raised its stake in shares of Farmland Partners by 56.9% in the third quarter. Accordant Advisory Group Inc now owns 812,976 shares of the financial services provider’s stock valued at $8,496,000 after purchasing an additional 294,980 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Farmland Partners in the second quarter worth $1,853,000. Price T Rowe Associates Inc. MD boosted its stake in Farmland Partners by 11.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,855 shares of the financial services provider’s stock worth $143,000 after buying an additional 1,286 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Farmland Partners in the 1st quarter valued at $196,000. Institutional investors and hedge funds own 58.00% of the company’s stock.

Farmland Partners Trading Up 4.4 %

Shares of FPI opened at $12.37 on Wednesday. The stock has a market cap of $595.86 million, a PE ratio of 44.18 and a beta of 0.69. Farmland Partners Inc. has a 1 year low of $9.70 and a 1 year high of $13.12. The stock has a 50 day simple moving average of $10.68 and a 200-day simple moving average of $10.85.

Farmland Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.24 annualized dividend and a yield of 1.94%. Farmland Partners’s dividend payout ratio is currently 85.71%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st.

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.