Massachusetts Financial Services Co. MA Acquires 211,181 Shares of Farmland Partners Inc. (NYSE:FPI)

Massachusetts Financial Services Co. MA boosted its holdings in Farmland Partners Inc. (NYSE:FPI) by 6.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,672,919 shares of the financial services provider’s stock after acquiring an additional 211,181 shares during the quarter. Massachusetts Financial Services Co. MA owned 7.62% of Farmland Partners worth $38,382,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. EntryPoint Capital LLC boosted its position in shares of Farmland Partners by 68.9% during the first quarter. EntryPoint Capital LLC now owns 4,801 shares of the financial services provider’s stock valued at $53,000 after buying an additional 1,959 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Farmland Partners by 11.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 62,390 shares of the financial services provider’s stock worth $693,000 after acquiring an additional 6,450 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Farmland Partners in the first quarter valued at about $35,000. Price T Rowe Associates Inc. MD lifted its position in shares of 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 valued at $143,000 after purchasing an additional 1,286 shares in the last quarter. Finally, Annex Advisory Services LLC boosted its holdings in Farmland Partners by 33.1% during the second quarter. Annex Advisory Services LLC now owns 52,305 shares of the financial services provider’s stock worth $603,000 after purchasing an additional 13,012 shares during the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.

Farmland Partners Stock Up 1.6 %

FPI stock opened at $12.55 on Monday. The firm has a market capitalization of $604.53 million, a PE ratio of 44.82 and a beta of 0.69. Farmland Partners Inc. has a twelve month low of $9.70 and a twelve month high of $13.12. The stock has a 50-day simple moving average of $11.22 and a two-hundred day simple moving average of $10.97.

Farmland Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a $0.06 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $0.24 annualized dividend and a yield of 1.91%. Farmland Partners’s dividend payout ratio (DPR) is presently 85.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th.

About Farmland Partners

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.